Originally Posted by BestXXXPorn

I just learned today that the oil companies are only liable for damages caused to everyone UP TO $75M ... the government covers the rest...

Apparently there's an $0.08 tax on every barrel to cover it and there's currently about $1B in the fund...

That's fucking BS no wonder they didn't install the safety valve thing... They don't have to face the full consequences of a disaster!

The $0.08 tax should go away and oil companies should be fully liable for every fucking cent... If they were fully liable I guarantee you they would have put that valve in... too big of a risk NOT to but if you only have to be liable for a fraction of the damages what's the incentive to pay the extra cost up front?