The Hill News

If anyone missed the reality that economics govern policy, two recent events make the point.

The tragic aftermath of BP’s oil spill and death toll made the company a worldwide villain. Within months, United States victims were being forgotten as BP stockholders in the U.K. complained that they were being victimized by BP’s compensation to injured parties. And BP officials also challenged the United States government’s suggestion that new offshore drillings would be stopped, arguing that doing so would interfere with its ability to pay damages for its wrongdoing.

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