Quote:
Originally Posted by Tron_fdc
I wonder, would the government look at taking over BP before they declare Chapter 11?
It might actually work out in the long run. Take the company over when they're at their lowest possible stock price, spend billions of taxpayer $$$ to fix the well, fix the gulf, start producing, watch the stock go up, PROFIT.
I'm looking at it purely from an economical standpoint, of course, but the opportunity is there.
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That's not a bad idea actually, and I'd be willing to bet that would fly here in Canada where crown corporations aren't really a new thing, but can you imagine the uproar if the US government actually bought out an oil company?
You'd get one giant group of uneducated ######s who don't see the potential for the government to profit off a move like that who would be bitching incessantly about how the government is in the pocket of "Big oil".
Then you'd have another group who would undboutedly just call it another bailout.
You'd have a third group who'd get super pissed becasue the goverment is doing all the cleanup work for a foreign copany.
And you'd have one more group who'd somehow connect the whole thing to Dick Cheney, Halliburton, and probably 9/11.
I'd say despite the fact that it'd probably be a good way to get the mess cleaned up, and be, in the long run, a prett profitable venture for the government, that there are enough people who just wouldn't understand that, and would cry bloody murder if it happened.
So even though I think it could be a great idea, I also think it could be an election loser, so it probably wouldn't happen.