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

  1. #71
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    Re: BP eyes showdown with US govt on liability-BP source

    Quote Originally Posted by reefedjib View Post
    They should be equally liable for holding that opinion.
    LOL. I think I would pay money to watch the oral arguments of a case such as this.

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

    Quote Originally Posted by Guy Incognito View Post
    False, I do know what I'm talking about and I gave you the numbers. If you want to dispute them on the merits, that's fine, but you've made no effort to do so, and you don't know what you're talking about.
    If BP was not going to be able to meet these expenses, their stock would not be trading at $31. In a battle between who knows what's going on, the market >>>>>>>>>>> you.


    False, I gave a couple of worst case scenarios to give an illustration of the scope of the financial impact of the disaster. If you can't extrapolate the magnitude of the potential financial damage of this disaster from these numbers, it only goes to show you don't know what you're talking about.
    Saying "it could destroy their entire tourism industry which is $57b so just extrapolate!" isn't proof of anything.

    The fact that the damage from this disaster will last decades is well known, but hey I wouldn't expect you to be aware of that since you have shown no evidence of knowing what you are talking about.
    You appear to be confusing the words "could" and "will."

    False. I did say that I thought you would react differently if you were located near the oil spill and could experience it first hand, but I never claimed to know this for a fact.
    Uh...

    Quote Originally Posted by You, 20 min ago
    You'd definitely be singing a different tune if this disaster happened in the Long Island Sound.
    But yea, I'm the disingenuous one.
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  3. #73
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    Re: BP eyes showdown with US govt on liability-BP source

    Quote Originally Posted by Guy Incognito View Post
    False, I gave a couple of worst case scenarios to give an illustration of the scope of the financial impact of the disaster. If you can't extrapolate the magnitude of the potential financial damage of this disaster from these numbers, it only goes to show you don't know what you're talking about.
    There is absolutely no way this disaster will even come remotely close to wiping out half of Florida's tourist revenue. It isn't even likely to wipe out half of the beach related tourist revenue as there are also nice beaches on the Atlantic coast thus far completely unaffected by this situation. Furthermore, there is far more in Florida than just the beaches. The theme parks in the Orlando area, for examples, provide a significant source of tourist revenue that shouldn't be affected at all -- or may even be AIDED by this as people still want to go to Florida and will look for something rather than the beaches on the Gulf coast to go to.
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    Re: BP eyes showdown with US govt on liability-BP source

    Quote Originally Posted by RightinNYC View Post
    If BP was not going to be able to meet these expenses, their stock would not be trading at $31. In a battle between who knows what's going on, the market >>>>>>>>>>> you.
    I just want to respond this point. I think the market is trading BP at $31 a share with the assumption that the numbers of gallons of leaking oil they and the government are reporting is accurate. I think that once they finally get the leak stopped and are better able to asses just how much oil has leaked, that will play a big part into how much they are liable for, and could drive the stock price down even more.

    As I have posted elsewhere on this forum, my target to pick up some BP as a speculative buy is in the $20-21 range. We will see if it gets there.

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

    Quote Originally Posted by ludahai View Post
    There is absolutely no way this disaster will even come remotely close to wiping out half of Florida's tourist revenue. It isn't even likely to wipe out half of the beach related tourist revenue as there are also nice beaches on the Atlantic coast thus far completely unaffected by this situation. Furthermore, there is far more in Florida than just the beaches. The theme parks in the Orlando area, for examples, provide a significant source of tourist revenue that shouldn't be affected at all -- or may even be AIDED by this as people still want to go to Florida and will look for something rather than the beaches on the Gulf coast to go to.
    It would be nice if I could believe this, of course. But if you've looked at the map of how this oil is going to spread, you'll see that it's going to wrap around the Keys and crawl up the Atlantic coast. No part of Florida is going to be unscathed by this mess, and the oil is still spilling without any indication that it will be stopped this summer. And I'm afraid it is wishful thinking that this disaster is going to somehow help the theme parks in Orlando, they are only going to be adversely impacted by the disaster. People associate Florida with the beach, even if Orlando isn't actually close to a beach at all. Now they associate Florida with a massive beach-ruining oil spill. I am really at a loss as to how people think this isn't going to hurt Florida's tourism.

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

    Quote Originally Posted by NolaMan View Post
    LOL. I think I would pay money to watch the oral arguments of a case such as this.
    We could add that money toward the indirect liability.

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

    Quote Originally Posted by Laila View Post

    I am getting fed up of Obama's continuing attacks on the company as if it helps dragging down its shares and threatening to prevent dividends, he must be the only person who keeps on calling it British Petroleum.
    His use of this spill to try and divert attention from his failures domestically fails and sooner or later UK Government will respond to this due to the importance of BP to British taxpayers and pensioners.
    That is exactly what I see happening. Our federal government has become an terminal blood-sucking parasite that is going to destroy our country, and they will capitalize on and demonize anyone possible to meet their agenda. The oil spill is a huge disaster no doubt, but destroying BP will have the opposite effect of the one desired. Unfortunately, many people in this country are too stupid and/or idealistic to see what's happening, and are akin to lemmings.
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    Re: BP eyes showdown with US govt on liability-BP source

    Quote Originally Posted by lizzie View Post
    That is exactly what I see happening. Our federal government has become an terminal blood-sucking parasite that is going to destroy our country, and they will capitalize on and demonize anyone possible to meet their agenda. The oil spill is a huge disaster no doubt, but destroying BP will have the opposite effect of the one desired. Unfortunately, many people in this country are too stupid and/or idealistic to see what's happening, and are akin to lemmings.
    Yeah, maybe he should give a "You're doing a great job, Brownie" speech, ehh?

    Don't worry. Your precious BP will survive to do this to another country. But hopefully, never again to the U.S.
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    Re: BP eyes showdown with US govt on liability-BP source

    Quote Originally Posted by ADK_Forever View Post
    Yeah, maybe he should give a "You're doing a great job, Brownie" speech, ehh?
    Yea, it's a good thing that Bush is out of office so we no longer have to worry about people being appointed to regulate industries that they know nothing about.

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