Deepwater Horizon - Transocean Oil Rig Fire

[QUOTE=New Orleans Lady;36576]Short of a Reality Show< NOT>, I feel the Oil Industry will be under the microscope, and that alone will motivate THe BIg Chiefs, to do the right thing…or be shut down!![/QUOTE]

Unfortunately, I know from experience - don’t hold your breath waiting for the CEO and Chairman of the BP Board to suffer a thin dime in either compensation or in facing legal attacks.

BP’s attention is to disbar BP from any federal supply contracts and loss of the ability to drill or explore on existing federal lands leased to BP

"Federal law allows agencies to suspend or bar from government contracts companies that engage in fraudulent, reckless or criminal conduct. The sanctions can be applied to a single facility or an entire corporation. Government agencies have the power to forbid a company to collect any benefit from the federal government in the forms of contracts, land leases, drilling rights, or loans.

The most serious, sweeping kind of suspension is called “discretionary debarment” and it is applied to an entire company. If this were imposed on BP, it would cancel not only the company’s contracts to sell fuel to the military but prohibit BP from leasing or renewing drilling leases on federal land. In the worst cast, it could also lead to the cancellation of BP’s existing federal leases, worth billions of dollars."