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Thread: Oil Spill’s Blow to BP’s Image May Eclipse Costs

  1. #11
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    Re: BP's CEO who opposed new safety regulations: Why US?!

    Quote Originally Posted by PeteEU View Post
    It is a Haliburton owned and operated rig that is leased by BP to pump up oil.

    Only thing BP is guilty off is maybe not reacting fast enough, but then again that all depends on the information BP got from the site.
    It's gotten to the point that you're so eager to place blame on one left-wing target that you're actually (erroneously) excusing another, somewhat less-potent, left-wing target.

    As has been explained to you, the rig was neither owned nor operated by Halliburton.
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    Re: BP's CEO who opposed new safety regulations: Why US?!

    Quote Originally Posted by The Giant Noodle View Post
    What an ass-clown!!! BP's CEO, who made $5 million last year and whose company opposed new safety regulations by Congress last year: "What the hell did we do to deserve this?"



    HAMMOND, La. BP says that the offshore drilling accident that is spewing thousands of barrels of oil a day into the Gulf of Mexico could cost the company several hundred million dollars.
    Nobody really knows whether the London-based oil giant is being too conservative about the cost for the April 20 accident, which some experts say could end up as the biggest oil spill in history. The 1989 grounding of the Exxon Valdez off Alaska, for example, cost Exxon Mobil more than $4.3 billion, including compensatory payments, cleanup costs, settlements and fines.
    But regardless of the out-of-pocket costs, the long-term damage to BPs reputation and possibly, its future prospects for drilling in the Gulf of Mexico is likely to be far higher, according to industry analysts.
    The magnitude of the Deepwater Horizon disaster seems to be finally sinking in with investors. BPs stock plunged more than 8 percent Thursday in American trading in an otherwise strong day for stocks. Since the accident, the American depositary receipts of the company have fallen about 13 percent, closing Thursday at $52.56.

    CONTINUED: Oil Spill?s Blow to BP?s Image May Eclipse Its Cost - NYTimes.com
    Why do people get upset when playing hindsight 20-20?

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    Re: BP's CEO who opposed new safety regulations: Why US?!

    Quote Originally Posted by Vader View Post
    I say take part of the cost of the clean-up effort out of that CEO's bonus check.
    How does the CEO bonus check come into play exactly?

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    Re: BP's CEO who opposed new safety regulations: Why US?!

    Quote Originally Posted by TheHat View Post
    How does the CEO bonus check come into play exactly?
    Since his sorry ass didn't want to take the proper saftey mesaures ... he bears 100% responsibility. He can pay for part of the clean-up effort out of his own pocket.

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    Re: BP's CEO who opposed new safety regulations: Why US?!

    Quote Originally Posted by Vader View Post
    Since his sorry ass didn't want to take the proper saftey mesaures ... he bears 100% responsibility. He can pay for part of the clean-up effort out of his own pocket.
    So tell me, at what point do safety measures become too expensive for the benefit? Do you think that anyone wanted this to happen? How do any of those companies gain from this situation?

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    Re: BP's CEO who opposed new safety regulations: Why US?!

    Quote Originally Posted by RightinNYC View Post
    "Nobody really knows whether the London-based oil giant is being too conservative about the cost for the April 20 accident, which some experts say could end up as the biggest oil spill in history."

    Is the NYT retarded?

    The Biggest Oil Spills in History - By Kayvan Farzaneh | Foreign Policy



    Hey, keep beating that drum guys.

    No one really know how much is spewing into the Gulf of Mexico, but it could very well be much more than 5,000 barrels a day, the NOAA low-end estimate.

    Other estimates are far more grim. The New York Times reported that BP told members of Congress the rate could be much, much higher:

    In a closed-door briefing for members of Congress, a senior BP executive conceded Tuesday that the ruptured oil well could conceivably spill as much as 60,000 barrels a day of oil, more than 10 times the estimate of the current flow.

    A barrel of crude oil contains roughly 42 gallons. In a follow-up story, the Times talked to a BP spokesman for more on the estimate:

    "The rate could go up to that," Mr. Suttles of BP said, when asked to verify a report in The Times. "It's not the situation we have at this moment, but it's not impossible."
    How Much Oil Has Leaked Into the Gulf of Mexico? | The Rundown News Blog | PBS NewsHour | PBS
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    Re: BP's CEO who opposed new safety regulations: Why US?!

    Quote Originally Posted by Middleground View Post
    No one really know how much is spewing into the Gulf of Mexico, but it could very well be much more than 5,000 barrels a day, the NOAA low-end estimate.



    How Much Oil Has Leaked Into the Gulf of Mexico? | The Rundown News Blog | PBS NewsHour | PBS
    Even if it were actually to reach 25k barrels/day, the other number I've heard thrown around as a current top estimate (as opposed to a possible future number), that's a far cry from the 3-10m barrels from the largest historical oil spill.

    Edit: The times actually pointed this out a few days later:

    http://www.nytimes.com/2010/05/04/us/04enviro.html
    Last edited by RightinNYC; 05-11-10 at 07:07 PM.
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    Re: BP's CEO who opposed new safety regulations: Why US?!

    Uh-oh. Tricky Dickie is implicated again....

    Who's to blame for the oil spill? Dick Cheney

    The Gulf of Mexico oil spill could end up being the worst American man-made environmental catastrophe of this generation. With the oil still spilling and investigations into the causes yet to come, it's too early to neatly assign blame to any one person. But for now, let's hold Dick Cheney personally responsible for the whole thing.

    Here's the evidence: The Wall Street Journal reports that the oil well didn't have a remote-control shut-off switch. The reason it didn't have a thing that it seems every single offshore drilling rig should have? According to environmental lawyer Mike Papantonio, it's because Dick Cheney's energy task force decided that the $500,000 switches were too expensive, and they didn't want to make BP buy any.

    Is that not enough reason to blame the former Dark Lord of the Naval Observatory? Guess what: Halliburton is involved, too! The Los Angeles Times reports that BP contracted Dick Cheney's old company to cement the deepwater drill hole. Cementing the hole was, according to the U.S. Minerals Management Service, "the single most-important factor in 18 of 39 well blowouts in the Gulf of Mexico over a 14-year period." And Hallburton is already under investigation for faulty cementing in an Australian well last year.

    The spill will very likely destroy the fragile economies of at least five states and it could even plunge the nation back into a recession. So thanks, Dick. Nice work.

  9. #19
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    Re: BP's CEO who opposed new safety regulations: Why US?!

    Quote Originally Posted by Glinda View Post
    Uh-oh. Tricky Dickie is implicated again....
    Oh, well if a fauxhemian dbag from Gawker says it's true, it MUST be!
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    Re: BP's CEO who opposed new safety regulations: Why US?!

    Quote Originally Posted by RightinNYC View Post
    Oh, well if a fauxhemian dbag from Gawker says it's true, it MUST be!
    I don't know if it's true or not, and never claimed such.

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