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Thread: BP eyes showdown with US govt on liability-BP source

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    Re: BP eyes showdown with US govt on liability-BP source

    Quote Originally Posted by jujuman13 View Post
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    BP eyes showdown with US govt on liability-BP source | Reuters

    Quote(BP has said it will pay for the clean-up and direct damages to those affected by the spill, such as fisherman. But the source said the moratorium was a government decision, and so the costs related to it were a different matter.)

    However one feels about the Oil Spill and BP actions and failures, admissions and denials.
    They (BP) have admitted that they will pick up all the clean up costs and compensate genuine costs caused by the Oil Leaks.

    However what the Obama administration is proposing that BP pick up the costs for decisions the Government makes.

    Do you think this is fair?
    If the government makes a stupid decision, then the government should have to pick up the tab that was run up because of that decision.

    Example: BP started burning the oil on day 2 of the spill. The government made them stop. Now the oil is invading the marsh.

    Ultimately, the government has to take responsibility for it's actions. ****ing up and passing it off on BP won't work. It's not only unfair, but it just ain't right.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: BP eyes showdown with US govt on liability-BP source

    Quote Originally Posted by RightinNYC View Post
    Where are you getting the idea that Exxon didn't pay for their oil spill? They paid for the entire cost of cleanup and hundreds of millions in actual damages. The thing that the courts were going back and forth on was punitive damages.
    Punitive damages eventually paid were a minute fraction of the amount that was originally ordered.

    In other words Exxon got off very lightly as regards punishment.

    It is to be hoped that BP (with a far worse record of regulatory compliance) do not get the same degree of leniency that Exxon received.
    I am not sure whether Exxon has either paid or assisted in cleaning up the area affected and continuing to be affected / polluted by the spill from the tanker.

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    Re: BP eyes showdown with US govt on liability-BP source

    Quote Originally Posted by jujuman13 View Post
    Punitive damages eventually paid were a minute fraction of the amount that was originally ordered.

    In other words Exxon got off very lightly as regards punishment.
    Punitive damages are not actual damages. Exxon paid for every bit of the cleanup, just like BP will pay for every bit of the cleanup. Whether or not there are punitive damages has nothing to do with leniency.
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    Re: BP eyes showdown with US govt on liability-BP source

    Quote Originally Posted by jujuman13 View Post
    Link
    BP eyes showdown with US govt on liability-BP source | Reuters

    Quote(BP has said it will pay for the clean-up and direct damages to those affected by the spill, such as fisherman. But the source said the moratorium was a government decision, and so the costs related to it were a different matter.)

    However one feels about the Oil Spill and BP actions and failures, admissions and denials.
    They (BP) have admitted that they will pick up all the clean up costs and compensate genuine costs caused by the Oil Leaks.

    However what the Obama administration is proposing that BP pick up the costs for decisions the Government makes.

    Do you think this is fair?
    I'll take on "what's fair about this," right after the big oil apologists answer as to:

    What's fair about destroying large portions of OUR environment and destroying many thousands of people lives and causing irreparable destruction to the only Planet the human race has to live on for the foreseeable future, all in the name a little extra profit.

    Screw being "fair" to them. I want their heads on sticks AND they and the descendants stripped of every penny, now and forever.
    Last edited by The Uncola; 06-13-10 at 12:22 PM. Reason: spelling

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    Re: BP eyes showdown with US govt on liability-BP source

    Quote Originally Posted by The Uncola View Post
    I'll take on "what's fair about this," right after the big oil apologists answer as to:

    What's fair about destroying large portions of OUR envirornment and destroying many thousands of people lives and causing irrepairible destruction to the only Planet the human race has to live on for the forseeable future, all in the name a little extra profit.

    Screw being "fair" to them. I want the heads on sticks AND they and the desendants stripped of every penny, now and forever.
    Why did the government refuse to allow measures to be taken to lessen the effects of the oil spill? You all cover for Obama, saying it's BP's responsibility to clean it up, but Obama still has the authority to tell BP what they can and can't do, to clean it up. How smart is that?

    I hope Minnesota never gets another dime of oil revenue.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: BP eyes showdown with US govt on liability-BP source

    Quote Originally Posted by Harry Guerrilla View Post
    BP is doing what they are supposed to and now the White House wants them to pay for their policy choices regarding off shore drilling.

    I'd tell them to stick it where the sun don't shine.

    Classic shtick of "oil companies are evil."
    The populists will eat it up.
    BP is doing what they are suppose to be doing? Please bring some evidence to the table...

    It is a principal of law if you borrow or lease something of mine you must return it to its pre-leased state. If you don't return it to its pre-leased state on your own and I incur costs to remedy the damages, you may be held liable for those damages. I believe prinicipal specifically extents to minerals extraction. BP has the right to drill, but the do not have the right to leave the property holder (the US government) with damaged goods as a result of their drilling. If the government incurs any costs to remedy the situation, it can collect those costs from the offender.

    The government has hardly over-reached here. There has been no impounding of assets. They could have thrown BP-America into receivership until the matter was settled, frozen cash, demanded a performance bond... any number of things. Instead, the government has relied on the good faith and credit of BP. Many of thing the government as been far too trusting in the circumstance. After all, BP's obligations are to its shareholders and thus will seek to do the absolute minimum to fix this.

    I can not believe the number of people that want to defend a foreign company and attack their own government. The government is the administrative arm of the people of the United States. It's the citizens of the United States, generally all of us, but very specifically those that live in or near the Gulf Coast that have been armed.... actually in an accident that probably will be as devastating as 911 when this is done. Yet, many wish to side with a British Company over their own fellow citizens. After 911 anyone that had anything to say contrary to US policy as challenged for their patriotism. So, obviously those the side with BP are un-American...
    Last edited by upsideguy; 06-13-10 at 12:50 PM.

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    Re: BP eyes showdown with US govt on liability-BP source

    Quote Originally Posted by upsideguy View Post
    BP is doing what they are suppose to be doing? Please bring some evidence to the table...

    It is a principal of law if you borrow or lease something of mine you must return it to its pre-leased state. If you don't return it to its pre-leased state on your own and I incur costs to remedy the damages, you may be held liable for those damages. I believe prinicipal specifically extents to minerals extraction. BP has the right to drill, but the do not have the right to leave the property holder (the US government) with damaged goods as a result of their drilling. If the government incurs any costs to remedy the situation, it can collect those costs from the offender.

    The government has hardly over-reached here. There has been no impounding of assets. They could have thrown BP-America into receivership until the matter was settled, frozen cash, demanded a performance bond... any number of things. Instead, the government has relied on the good faith and credit of BP. Many of thing the government as been far too trusting in the circumstance. After all, BP's obligations are to its shareholders and thus will seek to do the absolute minimum to fix this.

    I can not believe the number of people that want to defend a foreign company and attack their own government. The government is the administrative arm of the people of the United States. It's the citizens of the United States, generally all of us, but very specifically those that live in or near the Gulf Coast that have been armed.... actually in an accident that probably will be as devastating as 911 when this is done. Yet, many wish to side with a British Company over their own fellow citizens. After 911 anyone that had anything to say contrary to US policy as challenged for their patriotism. So, obviously those the side with BP are un-American...

    This is what rightees do. This is what they've been doing since before Obama was even sworn in. Any excuse to attack him, even if it's at the expense of their country. It's pathetic.
    Thank You Barack Obama for Restoring Honor To The Presidency.
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    Re: BP eyes showdown with US govt on liability-BP source

    Quote Originally Posted by The Uncola View Post
    I'll take on "what's fair about this," right after the big oil apologists answer as to:

    What's fair about destroying large portions of OUR environment and destroying many thousands of people lives and causing irreparable destruction to the only Planet the human race has to live on for the foreseeable future, all in the name a little extra profit.

    Screw being "fair" to them. I want their heads on sticks AND they and the descendants stripped of every penny, now and forever.
    Oil is a vital part of our entire economy and way of life. As existing fields keep declining, we will be forced to develop even more of these deepwater sites. Will the companies that develop these sites do so to make a profit.. yes, however if they do not, we will all (including you) be forced to undergo a massive and abrupt transformation that will effect us in all aspects of our daily life, from medicine, to plastic, etc.

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    Re: BP eyes showdown with US govt on liability-BP source

    Quote Originally Posted by The Uncola View Post
    I'll take on "what's fair about this," right after the big oil apologists answer as to:

    What's fair about destroying large portions of OUR environment and destroying many thousands of people lives and causing irreparable destruction to the only Planet the human race has to live on for the foreseeable future, all in the name a little extra profit.
    I wasn't aware that anyone was saying it was "fair" to do so. I was under the impression that pretty much everyone agreed that BP was liable for the costs of cleanup. Have you been watching a different situation than I have?

    Screw being "fair" to them. I want their heads on sticks AND they and the descendants stripped of every penny, now and forever.


    Do you support the death penalty in non-oil related situations?
    Do you support punishing the children of non-oil related criminals?

    Quote Originally Posted by upsideguy View Post
    BP is doing what they are suppose to be doing? Please bring some evidence to the table...

    It is a principal of law if you borrow or lease something of mine you must return it to its pre-leased state. If you don't return it to its pre-leased state on your own and I incur costs to remedy the damages, you may be held liable for those damages. I believe prinicipal specifically extents to minerals extraction. BP has the right to drill, but the do not have the right to leave the property holder (the US government) with damaged goods as a result of their drilling. If the government incurs any costs to remedy the situation, it can collect those costs from the offender.
    Again, where is anyone disputing this? BP is entirely liable for the costs of cleanup.
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

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    Re: BP eyes showdown with US govt on liability-BP source

    Quote Originally Posted by RightinNYC View Post
    I
    Again, where is anyone disputing this? BP is entirely liable for the costs of cleanup.

    This is not a question of intent, its a question of means.... If the direct and indirect costs and government fines get to be too onerous, BP, as a matter of survival, will go Chapter XI. Moveover, BP has ONLY pledged to remedy direct costs. There too, direct costs have a degree of subjectivity to them.

    Jim Cramer actually thinks they are toast. http://www.thestreet.com/story/10777...-is-toast.html
    Last edited by upsideguy; 06-15-10 at 08:39 PM.

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