Wednesday, July 14, 2010

They're never going to kill it!

July 13, 2010 -- progress halted.

The fountain of black crude oil is pure gold to BP
and will be harvested because otherwise... if they
quit now everyone will have lost huge and benefited
nothing.

Regardless of who is at fault we all share an
obligation to salvage the best of a bad situation.
The damage is done, triage is in place, so let
the spilling continue.

Here is the rest of the story.

The unheralded pencil pushers will prevail and defer
containment until contractual obligations and BP
indemnities are secured. Meantime, the disaster will
not be salvaged; not until the last t to protect BP is
crossed and the last i is dotted and shifted down the
line.

BP stock is on the rise at the news. Potential
partners abound. The tax consequences will shift
any real penalty to you, the taxpayers, and will offset
obscene profits for years to come. The government
will get fat from huge fines levied against BP,
lawyers will generate billions of dollars in fees and the
burden on the taxpayer will continue to increase.

And that's the way it is.

No comments: