Yeah it sounds good that BP makes billions every quarter until you ask yourself how much of those billions are profits.
Oil is still leaking and estimates have clean up costs already in the billions. When you factor in law suits, the money that will have to be paid to business men who depend on the gulf, and the fact that this clean up will take years if not decades you will see where i'm coming from. And as far as European insurance companies being irrelevant don't forget that the economy is a world economy and if an insurance company fails in Europe the tide will make its way across the ocean. Did you forget about the financial armageddon of 2008?
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