@hamburgboy,
It is entirely appropriate that BP stock takes a beating - their prospect for making profits has been vastly reduced by both the failure of this costly enterprise and the liabilities they will deservedly face for the cleanup. The stockholders will be hurt badly and they will cause the management to be thrown out (sometime within the next six months or so), and replaced with others who will promise to deliver better and more reliable control of their drilling operations.
It is ironic that, after investing so much in a "green" advertising campaign to make BP ("beyond petroleum" ) to appear to be something it never was, it now turns out that they aren't even very good at drilling for oil.
It is also ironic to observe a government Administration, that promises so much benefit for us in ever more intrusive government regulation of our economy and our lives, attempt to weasel out of its own obvious regulatory responsibilities in the matter. Evidently sixteen months in office isn't sufficient time for them to be held accountable for the actions of the government agencies they have controlled since February of 2009. How much time do they need to be accountable for what they do?