Gulf Oil Spill: Cap Placed Over Leak Collecting Only Fraction Of The Oil

That's true. Up to a point.



Keep in mind what the ultimate objective is, particularly at this time in world and oil history (Peak Oil).



All of the 'easy-to-get-at-(relatively)'-oil has been harvested. What remains (and there's a good deal of it) is hard to get out, and the risk of catastrophic failure to harvest it is immense.



The technological gains the oil industry has made is in its ability to get to that oil and harvest it, but not safely. The oil industry hasn't made any technological gains (nor has it tried) in what to do when there's a blowout or other accident where oil and gas spew uncontrollably into the seas.



The EPA can fine BP, the US government, citizens, et al, can sue to recoup money from BP, into its bankruptcy. So BP, a corporation (it's not really a person), is finished. That's not going to change the fact of the ruination of the Gulf of Mexico and, perhaps, the N. Atlantic Ocean, etc.



BP's not the only company drilling offshore. I think BP only has 2 or 3 rigs (and 2 in partnership with another company) of the THOUSANDS of oil rigs operating in the Gulf of Mexico. It's the rest of the industry that benefits from the ruination.



"Since there's nothing to save, since it's all ruined, why should we have to spend anything being careful? All regulations should be lifted and let the drilling begin!"
About Gulf Oil Spill
Read the Article at HuffingtonPost