BP Claims to be able to plug the well right before their earning announcement

Here is the revelant bit about those of us in the Gulf getting royally screwed:


While acknowledging BP had accepted responsibility and agreed to set up a 20-billion-dollar account to pay Americans whose livelihoods had suffered, US Assistant Attorney General Tony West wrote to the firm that its potential liability was "significant."

"Accordingly, the United States has a compelling interest in ensuring that BP does not deplete those assets that would be available to satisfy a judgement should it be found liable to the United States," he wrote.

In addition to requesting 30 days advance warning of any asset transfers or merger plans, West also requested monthly financial statements, copies of credit and loan agreements, and any reports evaluating its financial state.

A BP spokesman was unable to say why the company had not yet responded to the letter, which was dated June 23 and asked BP to reply by June 28.



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