>>>>>>>>>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....
>>>>>>>>>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.
>>
>>This one flummoxed me this morning :
>>"US interior secretary Ken Salazar said that BP should compensate other oil companies that have had to lay off workers because of a moratorium on deep sea drilling announced by President Obama in response to the Gulf of Mexico spill. "
>>
>>I've certainly no banner to wave for BP but the logic behind that statement escapes me entirely........
>
>Did their negligence not cause the layoffs?

Don't see how. What's the government saying?

That the BP accident exposed the risks of deep sea drilling so they placed other operations on hold.
So if BP hadn't had an accident they wouldn't have realized it was dangerous and wouldn't have had to call a halt?
So BP should pay for the stoppage......

>They have devastated the entire region economically as well as ecologically. I say punish them until they holler.

As above, I'm no apologist for BP and agree they should be landed with all the costs directly associated with the spill - and fined if any undue negligence is proven - but I just don't see how the moratorium falls into that category.

I heard a rumour today that BP was insured against this sort of eventualilty. I wonder if the insurer was a U.S. company (g,d&r)