Detailed text transcripts for TV channel - MSNBC - 20100702:05:10:00 : vimarsana.com

Detailed text transcripts for TV channel - MSNBC - 20100702:05:10:00

liability which is going to be the real liability for bp. the big liability will come from economic damages to property holders and banks and hotels and the small businesses onshore. in the exxon valdez case, exxon removed 8% of the oil. 11 million gallons and removed one. part of the reason is the company doesn't want to remove them. they want to appear like they are trying to remove them, but every barrel they remove cuts $100,000 from the bottom line. it doesn't reduce commensurately the liability of the company by $100,000 onshore. probably not even $1. bp's best bet at this point is to height the oil which it has been doing using these disburse ants which are dangerous on their own, but much more combined with the oil.

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