Thursday, August 12, 2010

Everyone Behaves Better When All Interests Align: BP's Recovery Fund

Details of the fund for Gulf Coast recovery now being released.

The money will come from BP's earnings from its Gulf of Mexico operations.

Appropriately so. And that arrangement will dissuade the more nutty types from attempting to destroy BP over this one incident. Which is what Himself had in mind all along.

All interests align, and everybody has to play by civilized rules.

Definitely, not the Chicago way. More the English way, actually.

BP really screwed the pooch in allowing the spill to happen, and in some of its subsequent responses. That does not give any US President or Congress the right to disembowel the entire enterprise.

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