From the Daily Kos:
I would argue that at this point in the disaster the die is cast, and it makes little if no difference to BP's ability to operate as a going concern whether the gushing volcano is stopped now or months from now. The sheer magnitude of the lawsuits is going to be staggering--think of the hundreds of billions of dollars in permanently despoiled property alone. All of these claims will ultimately find their way to BP's door, or the door of their excess insurance carriers.
Which is why it makes sense, from the standpoint of defending itself, for BP not to stop the gushing, and in fact to take half-measures which by their very nature will not succeed, yet prolong the appearance of BP "making an effort." The nature of this type of liability litigation practically demands that BP do this to survive.
If BP were able to stop the flow of oil through either its "top hat," "junk shot," or any of the other creative methods being bandied about, the line of attack at trial would be "Why weren't you able to do this sooner?" That's an argument that BP, with all of its hired experts, can never win. The sole question the plaintiff's lawyers will rely on (in addition to their case on causation of the explosion itself) will be "Was the technology available to stop this a month earlier?" The answer is obvious--yes, it was. Of course it was.
"Then, BP, why didn't you employ that method sooner?"
BP will always win in the end.
2 comments:
You may be right, Tim. But if they do not succeed, it greatly increases the likelihood of criminal charges.
TC
If they don't succeed were all screwed. I seem to remember in the cases of other leaks at sea, tankers were brought in to suck up the oil.
That's why I think we have to ask for help from other country's. BP on their own have shown to be ineffective.
Later
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