On the conspiracy point, I disagree. Oil companies are mostly aligned with the Republican Party, and we have a Democratic president and Congress, Bush had a Katrina black eye, so one theory is that BP is "taking one for the team" in order to give Obama a black eye. Even Halliburton is involved, which Cheney led at one point and likely still has strong connections to behind the scenes. I'm not saying I 100% think that is what happening, or that they even caused the original accident in the first place, but there is political benefit at play here, which gives somebody a motive, somewhere. Just a theory, but I can't rule it out yet. Especially given what appears to me to be dangerous incompetence and/or a lack of planning, preparation beforehand, and a lack of hustle and applied common sense after the incident began. I have to wonder how much is due to incompetence and how much to evil/intent.

Also, I'm not sure these experts have really "tried". If someone's hair catches on fire on Monday at 3pm, then BP's first attempt to put out that person's hair fire is at 8pm, then next on Wednesday, then next about 2 weeks later (failing again), then 2 weeks later the next attempt, etc. -- it makes one wonder whether there could have been more attempts made earlier -- I mean, afterall, this person's hair is on fire. And whether they could have had more backup/failover techniques sitting on the sidelines ready-to-go quickly during the first few hours and days after the leak began. All the talk about the challenges of having the depth and pressure constraints are legitimate, but what should also be obvious to any reasonably intelligent person is that another constraint is time. Regardless of what particular technique is use to stop/reduce the leak, the most effective thing you can do is to implement it very early. The total damage to the environment will be proportional to how many hours/days/weeks the oil is left to leak into the sea. So making the investment in process and equipment and people and training to be able to stop this very early will pay off. Since a decent engineer could probably have told them there was a chance the blowout preventer could fail (for a variety of reasons) they should have had several alternate/backup plans to execute very soon afterward. Given that the magnitude of the downside impact could be so obviously huge.

Also, this is one of the cases where the fundamental elements of the problem are actually pretty simple: oil leaking into water. Just stop that flow from happening. Lots of ways to do that. Yes it is deep. Yes high pressure. With a decent background in physics and engineering I think one can come up with lots of solutions and tactics that would work. But they all need to be tested (at 5000 foot depths) and fine-tuned and resourced and have people trained on before a real accident occurs. What angers a lot of people in this case is the sense that BP and friends did not do this.

Also there have been big oil spills in the past and the companies involved almost always live to fight another day. Exxon Valdez was one of the biggest spills in US history. In the recent news about Apple overtaking Microsoft in market cap, that still only brought them up to #2. Know who was #1? Exxon. All costs/penalties/grief BP will get from this is really just going to turn into a dollar charge against their balance sheet. And they already have billions in cash. The negative PR/psych effect will slowly fade away. And if they have to raise prices, they just pass it on as a cost-of-doing-business to the folks who buy their product. Us.