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Thread: BP Exec: Gulf of Mexico 'Relatively Tiny' Compared to 'Very Big Ocean'

  1. #21
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    Re: BP Exec: Gulf of Mexico 'Relatively Tiny' Compared to 'Very Big Ocean'

    Quote Originally Posted by Harry Guerrilla View Post
    The funny thing about corporate capitalism is that there are caps on damage awards for these environmental disasters.
    .............Democratic Senators Robert Menendez of New Jersey and Bill Nelson of Florida introduced legislation that would raise the cap on damage awards from $75 million to $10 billion. Nelson said he is open to attaching that legislation to the financial regulation overhaul under consideration in the Senate. Nelson said BP requested today’s meeting with the lawmakers................
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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    Re: BP Exec: Gulf of Mexico 'Relatively Tiny' Compared to 'Very Big Ocean'

    Quote Originally Posted by USA-1 View Post
    .............Democratic Senators Robert Menendez of New Jersey and Bill Nelson of Florida introduced legislation that would raise the cap on damage awards from $75 million to $10 billion. Nelson said he is open to attaching that legislation to the financial regulation overhaul under consideration in the Senate. Nelson said BP requested today’s meeting with the lawmakers................
    Understand that, even then they could pay it and long term, BP did what, when?
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    Re: BP Exec: Gulf of Mexico 'Relatively Tiny' Compared to 'Very Big Ocean'

    Quote Originally Posted by Harry Guerrilla View Post
    Understand that, even then they could pay it and long term, BP did what, when?
    I understand that but the worst news about BP has not hit the front pages yet. The stock is still on it's way down. IMO.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

  4. #24
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    Re: BP Exec: Gulf of Mexico 'Relatively Tiny' Compared to 'Very Big Ocean'

    Quote Originally Posted by USA-1 View Post
    I understand that but the worst news about BP has not hit the front pages yet. The stock is still on it's way down. IMO.
    If that's the case I may wait but I'd be hard pressed to believe that they are going under forever.
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    Re: BP Exec: Gulf of Mexico 'Relatively Tiny' Compared to 'Very Big Ocean'

    Quote Originally Posted by Harry Guerrilla View Post
    If that's the case I may wait but I'd be hard pressed to believe that they are going under forever.
    No, they will survive, but their stock might not reach previous levels for a while.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

  6. #26
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    Re: BP Exec: Gulf of Mexico 'Relatively Tiny' Compared to 'Very Big Ocean'

    Quote Originally Posted by USA-1 View Post
    No, they will survive, but their stock might not reach previous levels for a while.
    There was a news story that they are making head way on the line repairs.
    I'm a little antsy on waiting to buy because of that.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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  7. #27
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    Re: BP Exec: Gulf of Mexico 'Relatively Tiny' Compared to 'Very Big Ocean'

    What part of his comments are in any way erroneous? I understand the media's desire to create news and the populist urge to rage over anything corporate, but this is something of a new low.

    Quote Originally Posted by The Uncola View Post
    That they dipped their toe in "alternative energy" somehow mitigates the fact that have DESTROYED millions of people's way of life and CAUSED an environmental disaster of almost unmeasurable proportions?
    Do you have a link for this, or is it just hilariously overwrought hyperbole?

    Quote Originally Posted by ADK_Forever View Post
    BP, poster child for galactically ignorant and selfish. Comments like that only expose their arrogant attitude that they can do what they want and get away with what they want. Hopefully, those days are gone.
    Confirmation bias - Wikipedia, the free encyclopedia

    Quote Originally Posted by Aunt Spiker View Post


    Oh - so it's ok, now! Since the ocean is just SO HUGE it's ok.
    Link to where he said that?

    Quote Originally Posted by Harry Guerrilla View Post
    The funny thing about corporate capitalism is that there are caps on damage awards for these environmental disasters.
    There are caps on secondary damages. There is no cap on the liability for the clean up.
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    Re: BP Exec: Gulf of Mexico 'Relatively Tiny' Compared to 'Very Big Ocean'

    Quote Originally Posted by RightinNYC View Post
    What part of his comments are in any way erroneous? I understand the media's desire to create news and the populist urge to rage over anything corporate, but this is something of a new low.

    Do you have a link for this, or is it just hilariously overwrought hyperbole?

    Confirmation bias - Wikipedia, the free encyclopedia

    Link to where he said that?
    I see you are still allergic to facts, ehh.
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  9. #29
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    Re: BP Exec: Gulf of Mexico 'Relatively Tiny' Compared to 'Very Big Ocean'

    Quote Originally Posted by USA-1 View Post
    .............Democratic Senators Robert Menendez of New Jersey and Bill Nelson of Florida introduced legislation that would raise the cap on damage awards from $75 million to $10 billion. Nelson said he is open to attaching that legislation to the financial regulation overhaul under consideration in the Senate. Nelson said BP requested today’s meeting with the lawmakers................
    It might affect future oil spills, but it won't affect BP now. That would violate the constitutional prohibition against ex post facto laws. Since $75 million was the cap when the spill occurred, that's probably what we're stuck with for this incident.
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  10. #30
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    Re: BP Exec: Gulf of Mexico 'Relatively Tiny' Compared to 'Very Big Ocean'

    Quote Originally Posted by Kandahar View Post
    It might affect future oil spills, but it won't affect BP now. That would violate the constitutional prohibition against ex post facto laws. Since $75 million was the cap when the spill occurred, that's probably what we're stuck with for this incident.
    The government got around this principle for retroactive tax increases during the Clinton administration. What makes you liberal Democrats won't find a way around this now?
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