Quote:
Originally Posted by GregE
Let's say that when all is said and done roughly half of the gulf (just a guess) is deemed unsafe for fishing. In that case, the number might be more like $400 million (allowing for inflation and such). Thing is, you then need to factor in how many years it'll take the fishing industry to rebound. Depending on who you listen to, we could be talking about multiplying that number by 10 or maybe even 30.
And then (as you suggested) there's more. A lot more. There will be claims for diminished tourism, diminished property values, a substantially reduced local tax base, illnesses and on and on and on.
BP will probably survive, but they'll do so by fighting the vast majority of these claims tooth and nail for the next twenty years or more.
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i think if bp are pushed too hard by the obama administration, they may just walk away from the US and a lot of the potential liabilites there, especialy considering obama may unilateraly ban bp from further US drilling. i read somewhere the US only accounts for 11% of its revenue, so its possible.