Bust a Cap in Their Ass

I post this because I don't know what's going to happen. The Deep Horizon spill is of course devastating. The damage on Nature, wildlife, Marine life, And to the thousands of people who earn a living on the coast is a SIN. That being said, from the start of this tragedy it was said BP will have to Pay for this. The President has said the same. It at first led me to believe it true. Now I'm not so sure.
There's a little thing called the Oil spill Liability Trust Fund. This fund was set up in Congress in 1986. It wasn't funded until the Exxon Valdez ran aground in Alaska in 1989. In Exchange for the limits on liability, the Oil Pollution Act of 1990 imposed a tax on oil companies, The cost of this currently is around eight cents per barrel, whether produced here or imported. Another source of income is fines and civil penalties from companies that spill Oil. Another way to look at this is a rainy day fund.
This money is to be used for spill preparation and actual spills. Containment booms are one of the things stockpiled. The whole idea for this is so in an emergency the Money would be right there with no waiting.
The problem here is operators of these off shore rigs have a CAP on liability. That would be 75 million dollars. Although they are responsible for the cost of containing and cleaning up of the spill. The Government I'm sure will go after BP as they are insured and rather well off.
Hmmm good luck with that. Already there approaching affected business's and individuals along the coast offering a mere $5,000 each to shut up and go away. What happens if the cost exceeds the $75 million dollars on hand. It can be raised to a billion with approval. So What!!! Time is what happens, until more is approved. The President on his own can come up with another 50 million.Again I say So what!!!!
The cost of this will be a hundred fold. Billions and Billions of dollars over the next 50 years.
And BP, once some truth comes out about their process and the involvement of Halliburton the litigation process will begin. In four months the great BP will file for Bankruptcy to limit liability, I'm sure.
When I hear Drill baby Drill or drill here and drill now I'm sick. So these loudmouth bastards who urged us all on to say Fuck you to the Environment. For What! Points, Points against the President, against the Democrats. Enough! Fucking Newt and Palin should get their ass down there and get dirty. They as much as BP and Hallibuton have responsibility for this. I Amend that, all of Fox, Rush and any other asshole that proclaimed this safe.
This just in,The former head of FEMA has just announced Obama wanted this to happen so as to put an end to off shore drilling. Another good one Brownie...
People wonder why I drink.......