Quote:
Originally Posted by u-Bob
The $0.08 tax that goes into the fund is a price determined by politicians (bought and paid for by the big oil companies), the $0.08 is not a market determined price. In a free market the price for a $75m limited liability insurance policy would be a lot higher.
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I'm sure there was some care used to determine the $0.08 value, it's not like they just randomly picked that, it was probably debated for months until politicians, environmental groups, oil companies, etc reached an agreement...
It may be high or low, no one really knows, if it turns out to be too low, I'm sure steps will be taken to raise the price of this insurance policy.... so oil companies will end up paying for any clean up costs anyway..