>>>>>>>http://finance.yahoo.com/echarts?s=BP+Interactive#chart1:symbol=bp;range=3m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
>>>>>>>
>>>>>>>5 minutes after BP caps the well, their stock will go back up.
>>>>>>
>>>>>>I think everyone knows that. Problem is that *until* they cap the well the stock will continue to go down :-{
>>>>>
>>>>>And as the private lawsuits and class action suits and federal suits and international suits mount the stock may reverse course again.
>>>>>
>>>>>They aren't 'just' wrecking a chunk of the Alaskan coastline this time.
>>>>
>>>>True. But when the oil stops then the damage, at least to a greater extent, is quantifiable. I would assume the current stock price already makes fairly pessimistic assumptions about clean-up costs, etc.... ?
>>>
>>>I very much doubt it. I also am not holding my breath that the oil hemmorage will be stopped anytime soon. BP isn't going to stop it until they are confident they will continue producing oil from the well.
>>
>>I think you've expressed that view before but it's not one I subscribe to....
>>
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>>>
>>>>
>>>>>>
>>>>>>>Considering their profits, this oilspill is pocketchange: http://www.bp.com/extendedgenericarticle.do?categoryId=2012968&contentId=7061409
>
>This view seems to be one expressed by other USA nationals on here. Makes me wonder what their press is saying about this spill.

Among the things they are saying is that BP has an abysmal safety record and cut corners on the safety checks to be done on the platform that blew up. Tests were not done every two weeks, as they were supposed to be, but several weeks late. The test of the thingamabobber that was supposed to prevent an explosion was done to a lower standard that it was supposed to have been. There was high pressure on the platform crew to keep drilling due to the high daily cost of operations. The more I read about it the more angry I am at BP and the less inclined I am to view it as an unfortunate accident. Are you defending them because you know more about it or because of what the B in BP stands for? (For the record, I would be just as angry if it had been Shell, Mobil, or anyone else).