Monday, July 19, 2010

Limits of Credibility 

BP has capped the blown well and wants to keep it shut until it can be sealed forever.  But that hasn't changed the fears of investors and the government into confidence that the well is under control.    So much has gone wrong in the process of capping the well that they now fear there could be seepage from cracks in the ocean floor.  In other words, BP has gone beyond the limits of credibility.  There isn't anything BP can do to calm fears except for the passage of time and the absence of oil and methane. 


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