re: #372 freetoken

I’m not sure why BP now is going with the 50 billion figure. It’s hard to second guess what goes on in that board room. My suspicion is that this is a sort of Hail Mary play - they’re hoping that one of two things will come out of this: 1. buy them breathing room in the feeding-frenzy melange that politicians/pundits are going, and/or 2. give them an out tax wise, where ever they are taxed, as this is one hell of an expense and consolidating it will make the write-off methods tractable.

I’d lean towards number 2. At the same time this also minimizes the courts and legal wrangling which would only prolong the negative publicity. It can actually be a win-win situation for BP if they play it right. I never checked but “where ever they are taxed” sounds about right.

That being said the final act will be the relief wells. If those don’t work that will be a major game changer and it won’t bode well for BP.