re: BP told feds it could handle oil spill 60 times larger

I wish they could cap the well tomorrow and clean up everything in a week. But, this has the potential to cost the company more than it can afford. I said potential, knowing the economic effect on the gulf and Florida in particular. Hopefully, not one glob of oil will befoul a beach. However, if you own beachfront property or property anywhere near a resort beach and your property devalues from $1,000,000 to $50,000 because the beach is ruined and you suffer that loss, who is going to have to pay you? BP. Now, multiply that loss by about 200,000 pieces of property at a minimum, not to mention loss of revenues by hotels etc and you'll get the picture.