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BP p.l.c. Message Board

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  • lon_wolf_2000 lon_wolf_2000 Apr 30, 2010 4:29 PM Flag

    Do they have Insurance?

    StokRuler, The sad part is it could have been prevented with an emergency shut off valve. Some countries REQUIRE the valves to be put in place. Evidently it appears as though BP chose not to add the precaution. Was it the additional cost ? If so then BP could be in a heap of trouble if the spill keeps spreading. Not only will it effect the US Gulf states but Mexican shores too. It will depend on the currents. If not contained, this could be the biggest man made disaster known in our life time. Get ready for BILLIONS in cleanup and lawsuits because it is bound to happen. No company known to me that is self insured could possibly survive the economic costs if this isn't stopped VERY soon. The fishing industry in the gulf region is in major trouble already. Better buy some shrimp now because the costs are going to sky rocket.

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