(The picture at the right is what $1 billion looks like when it is in $100 bills.)
The Annual Economy of the entire U.S. Gulf Coast is valued at about $2.2 trillion per year. Has anyone else figured out WHY the BP Senior Executives were smiling on June 16, 2010 after their meeting with President Obama where they committed to pay $20 billion? (Hint: Let's do the math! That's like letting them get away with paying less than 1% of the value of the damages to the Gulf Coast Economy for just 1 year!) This problem will be with us for 50 years or more, so $20 billion is chump change. Maybe BP stands for BOHICA Petroleum!