Spill, baby, spill!

Just yesterday, I was telling somebody that Gulf Coast shrimpers ought to sue the bejeepers out of BP for the oil spill that the company is responsible for.

And they are.

Louisiana shrimpers are now suing BP and others for ruining their livelihoods. Among the other defendants is Halliburton, which had worked on the offshore well that exploded. The suit says Halliburton "improperly and negligently performed these duties, increasing the pressure at the well and contributing to the fire, explosion and resulting oil spill."

If the shrimpers win (as they should), hopefully activist courts won't reduce the award like the Ninth Circuit did in the Exxon Valdez case.

Meanwhile, the BP spill has dashed interest in allowing offshore oil drilling in regions where it's been prohibited for decades.

(Source: http://www.reuters.com/article/idUSN2917899720100429?type=marketsNews)