Why New Jersey Settled a Big Oil Spill Case for Only $250M

The Christie administration has settled a lawsuit against Exxon Mobil for $250 million, although the case had originally been about $8.9 billion in damages. Debbie Mans, executive director of New York/New Jersey Baykeeper, and David Sirota, author and senior writer with The International Business Times, explains what was at stake and why politics might have encouraged the low settlement, even though Exxon's liability was no longer in dispute.