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I'm with you Cimarron -- this is a serious environmental disaster with far-reaching economic and social effects. BP should be held seriously liable and absolutely punished for their negligence, both in having only one back-up shut-off valve and for their slow reaction time.
The real problem is that there is little incentive to build in multiple shut-off valves and to fully account for the risk of spills. Government is there to hold people and companies accountable for their actions as they pertain to the greater good.
BP, then, must be held accountable for this massive spill, so that other oil-drilling corporations recognize that the price of an accident is greater than risky profits, at which point they will find ways to make profit less risky.
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