On the news it has shown video of thick nasty raw crude deep in the grass marsh's already. It's gonna be the end for alot of people and maybe BP after they pay maybe trillions for the after effects and clean up.
Nah... BP will go insolvent before paying the bills, then some company, something like, say, "Petroleum Britannia", will buy up all their assets leaving all the debt behind. They will not bleed their finances dry if they can avoid it.