Russel Peters has a great clip on what Obama must be thinking about the BP oil spill in the Gulf of Mexico."I will not tolerate more finger pointing or irresponsibility," he said after meeting with top advisors to discuss the growing oil spill, which British Petroleum has tried and failed for three weeks to stem or even slow.Experts now fear oil may be spewing from the site at a rate of 70,000 barrels (2.9 million gallons) a day, more than 10 times faster than a Coast Guard estimate of 5,000 barrels (210,000 gallons) a day. I had earlier posted about how many days the U.S. had to avert the worst disaster in history here.(Rough estimate of lost revenue $ 5.6 million per day $80/pbl) Those predictions of containing this spill may be too conservative.
If BP is insured for this spill, what company is going to pay?