In Defense of BP's Deep Pockets

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It seems to me that BP has owned up to its mistakes. It will try to make things right. The best point of the article is that it is a good thing that BP has enough money to do that.
We need as many companies as we can making lots of money...If we make it too difficult to make money here, companies will go overseas to do it and not pay taxes.
Our economy is only great because of capitalism and incentives. Our lifestyle is only great because of capitalism. Do you really want to live in a country with an economy like Tanzania or even Greece? It probably possible for you Troy.
I personally like running water, flush toilets, soft mattresses, and a nice roof over my head. All corporations are in business to make money (if you want to call that greedy), and most people have jobs because of them. If we just have jobs in the public sector, we don't produce anything, and we do it much less efficiently. Very rich people need to make lots of money, they are the ones paying most the taxes. Let them make more!!! I am not jealous. The top 1 percent of earners pay some 50 percent of the taxes, and the top 10 percent pays something like 90 percent. If they have more income, there will be more money in the coffers. Sadly, though, the Dems will just spend it on the non-producers in our economy, and blame the rich for not doing their share when nearly half their income is already being tapped by taxes.

Mark of CO 9:44AM July 16, 2010

Free of TX...
This BP well was an exploratory well. None of the oil from this well would be pumped into the global supply for a long time. Oil prices have actually been coming down due to deflation in the global economy.

Jeremy of NC 5:15PM July 13, 2010

This is the best article I have read regarding this whole situation. Since the beginning it has seemed as if I was the only person to give BP credit for how they are handling the situation. There is a lot to be said for a company that owns up to their mistakes, helps the families who were affected, helps the businesses and animals affected, and even tries to fix the problem themselves! I think people have gotten so used to businesses and individuals not taking responsibility for their actions that it has become the norm. On the flipside nothing great has come without big risk, and in this case no one would have complained if the benefits of the well were fully reaped to their benefit. There are millions of gallons of oil not being refined into gasoline because of this spill, but yet the price of gas has remained low and steady versus the gross rise of pump prices last year and I have yet to hear any questions posed to the government on how this is possible???? Seems to me that an oil spill would deplete the supply thus causing prices to rise, but the case has been that the supply has been depleted and (somehow) prices have fallen??? Something smells fishy, well, oily, well... You get it, can someone explain this to me, maybe I'm missing something...or not.

Free of TX 3:32PM July 13, 2010

It's general greed from Americans. We demand everything here and now, bigger, better, faster...more and more (cheap) energy = more and more oil. With this huge demand, companies will do anything to cash in.
"BP should be held accountable for every bit of damage"
BP is just another greedy corporation taking shortcuts. Why? Again, because of our huge addiction to cheap oil. If we really conserved and used A LOT less oil, there wouldn't be 27,000 abandoned wells in the Gulf of Mexico.....

Troy of FL 1:30PM July 13, 2010