BP Must Survive, even if the worst comes to pass

The BP Oil well leak in the GOM may never get capped say some of the more negative analysts.

Maybe that is true, maybe not. We will know soon enough.

It seems to me that certain folks associated with certain political ideologies are all too keen on killing a big Oil company. With BP so weakened, this looks like their moment. They may yet succeed with the help of the Tort Bar. But then I repeat myself.

Be very, very, very careful what you ask for. B.P.'s demise would, in my view, be the straw that wipes out the U.S. economy. Forget "energy security"; think economic security in the extreme. B.P.'s death, the death of the largest producer of Oil and Nat Gas in the U.S., at a time of declining imports means shortages, gas lines, steep market declines, worse unemployment... you get the idea.

The Obama administration will absolutely, positively not survive the death of B.P., and any moment now their political operatives are going to come around to that unpleasant truth.

The U.S. was saved by the bell in the form of 1 million bpd of ethanol that came out of nowhere like a White Knight and Nat Gas from the Shale formations, but those were "One Off's". Obama and his political team are keenly aware of Jimmy Carter's experience, but once a bullet leaves a gun it has no friends. Obama has already fired that bullet. It will be interesting to see just who that bullet hits.