Amen to that Ron!!! :) :) :)
Now, getting back to these so called relief bores being drilled... a similar type of situation occurred off the coast of Australia where another blowout happened a few years ago, and it took them at least five tries and maybe even more to plug the blowout. but then again technology may or may not have improved with respect to drilling more accurate bore paths from both directions to hopefully plug this, or maybe to extract the resource through these bores instead... Who really knows for sure except a select few at the top @ BP! ;)
Also, getting back to the 20 billion USD's... Now if you look at it from the perspective that the total 20 billion will not be disbursed all at once, then things may or may not make better sense...
Remember that 20 billion is the initial figure given and not the final amount to be allocated by BP in order to cover all of it's liability for this mess... So, let's look at it this way...
initially, 20 billion is put into an "escrow" account collecting and compounding daily interest at an astronomical rate just by it's own sheer size, and the amount of interest it earns becomes the daily amount allocated on a weekly basis, and guess who ends up still making a profit out of this whole arrangement??? You said it!!! BP!
Then whatever profit they make out of this arrangement gets put into another more secretive and yes this time we can most definitely call it a slush fund account to make even more money based on the daily compounded interest it makes and whoooppeee!!!! Everybody in the arrangement is happy as a pig in - well you know what!!! :) :) :)
Plus, it can also become the mechanism to generate any extra money that may or may not be needed just in case the total claims process exceeds the initial 20 billion when all is said and done... And we probably will not find out for another 30 years or so what all or at least most of the details that were involved with respect to how much money or anything else the governments so called negotiated in this more than likely very complex secret deal they made with BP in order to make both parties look a bit more responsible in solving this problem by throwing out such an arbitrary amount such as 20 billion USD's for cryin out loud!!! I mean, how did they come up with such a figure when the leak is still ongoing??? Smells like whole Gulf full of of dead fish in this friggin secret deal!!!
But what you'll never see is that all of that 20 billion being passed out as processed claims in one year to ensure that those folks in the Gulf who are really the ones whom are suffering from this debacle get the needed relief they deserve because after all, according to BP's own "Top Very Large person" reiterated more than once after the White House meeting"The small people need to be made whole." Or something to that effect... Yeah right!!! And I've got a bridge in Brooklyn to sell you for a wooden Nickle!!! :(
The only ones who will never be compensated properly will be the small business owners who will all be suffering for quite some time because of this mess, and have to put up with being spoon fed pennies on every dollar that BP earns by tying down as much of that 20 billion as it can in order to maximize as much profit from it as it can by using the very scheme that I just described, yet is more than likely being kept as BP's and the government's own very dirty little secret! :( :( :(
These "MF'ers" make the so-called "Robber Barons" of yester-years look like saints for cryin out loud!!! END OF RANT!!! ;)
Respectfully,
Henry