Thanks to Congress BP is only liable for the first $75 million in cleanup costs then who do you think pays? That's right the US taxpayer. I don't understand. This is not a natural disaster, we know what and who caused it. If you want to socialize this corporations loss the States affected should pay. Of course we all know that won't happen. Much like the corporation they derive benefit from the oil but when there is a problem they are no where to be found. So, it is left to the people from the affected states to pay for the clean-up and continue to pay high prices at the pump.
When you think about it the oil business is a pretty sweet deal. The producers rent land from us (Federal land, US taxpayer), sell us a product at high cost, and then ask us to fund any clean-up due to the manufacture of the product. Wow only in America. You could call this business model Socialism except there is no for the good of the public involved. No, it is all about what is good for the corporation.