Well the one year mark since the catastrophe passes. BP has through US tax code and its credits and deduction largely shifted its first year costs to the US taxpayer.
And with BP filing suits and cross-claims against other entities involved and all filing cross-claims and counter-claims against each other in the federal district court in NOLA this legal puzzle and dance will easily go on the two decades that EXXON occuppied time in federal court over the VALDEZ spill.
I won’t live to see the outcome and perhaps that alone indicates that BP may yet survive despite my prediction of their corporate demise and bankruptcy.
Additionally we have no status report on the civil suit by the US against BP or whether a criminal suit will be filed. Stay tuned.