Bp liability limited to only $75 million on economic damages
Liability limits in the 1990 Law DO NOT apply when safety, conduct issues are evident -- BP "qualifies" for both , notably safety violations. They have a LONG track record of fighting the US Govt on safety regulations --- in court, you just cite these violations and the limits go away BIG TIME.
The biggest loss is not to BP but the American people. This administration has set out to attack big business, banks, even venture capitalists that start new businesses. I have already have one hedge fund refuse to invest in our technology as we are located in the U.S. Taxes are lower in China with better growth opportunities.