BP Update

Our Dear Good Readers:

Madame is away warmly enjoying herself.  The mischievous Professor is going to delay his full posting until Tuesday or Wednesday.  Even though Madame graciously prepared her posting ahead of time, I may save her efforts for herself to later post.  Haven’t determined yet! :)  In the meantime, however, there is an important update to be made, a follow up to a discussion many, many months back:

BP, true to Exxon’s model from the 1989 spill, has been throwing up multiple delaying actions and bureaucratic roadblocks to paying out its supposed “$20B claim fund.”  How very NOT surprising.  Just as Exxon dragged out its process for years, and ended up paying far less than expected or promised, BP is trying to follow a similar pattern of delay, friendly courts appeals, etc.  One possible counter to this is that the Dept of Justice, and other states and federal law enforcement and regulators, are supposedly so disgusted with BP that more money could start flowing than BP plans.

Btw, BP has also apparently been trading with Iran in violation of sanctions.  Yet  nothing happens to it, here or in Britain or anywhere else.

Patterns…continue!  So far at least!