The statement from BP's chief executive, that the huge oil spill swilling around in the Gulf of Mexico is going to end up having only a "very, very modest environmental impact" looks set to be a 'liar, liar, pants on fire' moment in his shining career.BP's profits make all the more obscene the fact that this isn't a scenario that they had prepared for, nor have the ability to manage.
It's the law that we all drive with a spare in the car, because sooner or later we all get a bust tyre, perhaps BP ought to invest as much in 'it's 'spare tyre technology' as it does in it's 'sucking out all the oil technology'.
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