Zeev's Turnips Patch-No Politics (ZEEV)

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Nah. I have been consistently taking the position that the spill is an environmental disaster in the short-run, most significantly to the tourist industry. If we had private ownership of parcels of the gulf sea floor, the owner would never have allowed BP to do what it did; it's the government that allowed BP to take those high risk activities, with a government imposed damage cap of $75million per incident, a figure probably entered prominently into the bean counters' calculations on just how little precaution they had to take.

In the long run, yes, the spill will be a non-issue in terms of damage to the environment. The impact on business and home owners in that region however would be different story if debt payments are missed.