In message
(Kenny McCormack) was claimed to have wrote:

I agree with your basic premise, but the fact is that BP won't lose any
money on the gulf deal. They will write off any losses.

You do realize that "writing off" a loss doesn't mean "free money", it
just means paying a bit less tax.

Given how good corporations are at avoiding tax to begin with, this
isn't as huge a benefit as it might seem.