A letter to the editor of The Financial Times:
I am a pensioner and a shareholder in BP.
I understand that the board of BP is handing over to the US government $20 billion with no conditions, though the company has no legal obligations to do so. I also understand [that the] representative of the US government who has [the] responsibility for disbursing has said he will “err on the side of the claimant,� an invitation to every conman in the southern USA to get his spoon into the pot at my expense.
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Oil Spill Overreaction
Despite headlines screaming “the worst oil spill in history,� it turns out the BP blowout disaster wasn't really as big a deal as you'd have thought.
Oh, well…sorry.
According to the feds, 74% of all the oil leaked into the Gulf has already been removed. “Much of the rest,� The New York Times summarizes a government report released today, “is so diluted that it does not seem to pose much additional risk of harm.�
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