"Barack Obama will order BP to hand over control of damage claims arising from the oil spill in the Gulf of Mexico, his spokesman said today as the company was granted permission to try a new method of containing oil from the spill.
The US president is to give a televised address to the country tonight, his first from the Oval Office during his presidency, to reassure Americans that the government is in control of the crisis.
Obama's spokesman, Robert Gibbs, said the president was poised to seize the handling of damage claims from BP, if necessary. He would also use the speech to identify a person to lead the recovery effort and discuss reducing the US's reliance on fossil fuels and imported oil." Guardian
I want to see BP pay for it - all of it. that would be an enormous sum. There are direct costs of the clean up and then there are costs to individuals and businesses in lost income. Those costs will continue for years. Then there are costs to the state governments concerned in lost tax revenue from businesses damaged and tourists that wil have disappeared from the Gulf coast area.
Mr. Gibbs says that the US has the legal power to force BP to disgorge all that money. Is that true?The US has a long standing tradition of resistance to ex post facto legislation. Would some form of impoundment of BP's assets stand up in federal courts? BP is an international company with a European base. Why do we not think that BP would transform itself in some way to limit liability ans salvage assets for the benefit of stockholders? They said they will pay for everything? Don't be amusing. These are businessmen about whom we are talking, not "grunts" on a ridgetop in Afghanistan. Business is not about sacrifice, honor and service. It is about making money. It looks as though BPs liabilities in the Gulf region are virtually unlimited. They will try to escape from that. pl