It is really a tragedy that the Obama administration didn't get the oil industry as a whole to take care of this disaster, instead of listening to BP, as they sputter lies about how quickly they would be able to stop the leak and get things back to normal.
BP has dropped the ball big time. What's even worse is that according to news, sources they are only on the hook for a maximum of 750 Million US$. The tax payers of the US will have to foot the bill for the rest, thanks to a bill that was passed by your previous administration, G.W. Bush.
This might partly explain why BP has been dragging their feet. They've already spent close to the maximum limit so they may start dumping the problem back to the government. I've heard some rumors that they might just be considering cutting their losses and limiting their future involvement on this problem oil well. Their name here in North America is now mud, and no matter how much more money they spend in order to try to repair the damage they have done in the Gulf, it will not increase their chances of ever working any new oil rigs here in the Gulf again. They can still do well as an entity working their existing wells outside of the US. I don't know if they will go down this road, but it is something that I have heard / read of lately on the business columns.
Either way, unfortunately, this disaster is going to wreak havoc for possibly an entire generation. My wife and I were thinking of purchasing a condo in the Florida gulf later this fall, but due to the size and the potential damage this spill will cause has made us change our minds.
I really hope that the oil industry as a whole can get together and do something before it's too late, I really feel for the people of Florida and the gulf states. This, on top of the latest economic turmoil must be horrible to live through.
My thoughts are with you all!
Ralph