TPM has the breakdown of how this deal is supposed to work. I admit that I agree that I think it’s going to take a hell of a lot more money to clean this mess up.
Yesterday, the White House and BP struck a deal for the oil giant to put $20 billion in an escrow account that will be used to pay damage claims resulting from the disastrous Gulf Coast oil leak. But how exactly will the fund work?
I would be eager to know how much tourism has been lost as well. We’re looking at a ripple effect and I would be interested to know what BP and the White House’s definition of the words “damages” actually is.
If you are eager to having your brain bleed, you can watch Tony Hayward get hammered live here.
The photo above appeared today at TowleRoad with an explanation that that wave is 100 miles away from where the rig exploded.