BP Net Income the last few years

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Even if they had to spend a billion with the clean up effort,

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Its going to be much more than a billion. The familys lawsuits and the lawsuit against BP for calling off the feds and other agencies in the beginning comes close to a billion

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Of course they will appeal and fight the awards for the next 10-15 years.

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This

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McLemore

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What's your point?

I figure this will cost BP about 7-8 billion in total expense. Definitely enough to put a kink in the numbers, but nowhere near bankrupting the company.

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FYI, it was a Hostil Takeover

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I didn't know that. I'm pretty young, so it was before I was paying attention to anything in the news, but that has to have been one of the biggest hostile takeovers in history, right?

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Money is no problem.

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Whether you have it or not. Money is ALWAYS a problem. In fact, some would suggest, "mo money, mo problems". However, I agree with what you are getting at. This will probably be a "mo money, mo problems" kind of situation. The punitive damages are going to be insane because:

1) BP can "afford" it
2) The country is retarded and wanted to tax away profits when gas was high, but couldn't constitutionally do so (I hope). This will be a whipping boy even that will let them put the screws to big oil.