[mEDITate-OR:
simply gush over the windfall...
This is both Macro and Micro Economic news:
The Macro is, obviously, the effects on the whole fuel oil economy.
While BP is the obvious target, ALL deep water drilling WILL be effected.
Maybe not immediately, but regulatory changes will affect all of them.
The Micro should also be obvious...
BP has taken a market share hit, how long term is not known.
The Gulf coast economies, especially fishing & tourist, will be hard hit.
While the attorneys will make out/off big time.
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Lessons of Valdez come into play for BP spill
Gulf Coast may benefit from more rapid response
More than half an inch of oil covered the sea when Dennis Kelso's boat, piled with a few newly dead birds, nudged up against the side of the Exxon Valdez on Friday, March 24, 1989.
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As oil gushes out, damage claims pour in
Fishermen, hotel operators and others likely to seek compensation
Even as oil continues to gush out of the damaged Deepwater Horizon drilling rig, many are already vying for compensation from oil company BP.
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