View Poll Results: What and how much should BP pay for as a result of the oil spill?

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  • A 100% of the cost of the clean up.

    42 80.77%
  • Some of the cost of the clean up(please specify)

    5 9.62%
  • A 100% of what the fishermen lost as a result of the spill

    19 36.54%
  • Only some of what the fishermen lost as a result of the spill(please specify)

    9 17.31%
  • A 100% loss of what any business/company lost as a direct result of that spill.

    19 36.54%
  • Some of the what those other businesses lost as a direct result of the spill(please specify)

    8 15.38%
  • none of the above

    4 7.69%
  • other

    6 11.54%
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Thread: How much and what should BP pay for as a result of the oil spill?

  1. #21
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    Re: How much and what should BP pay for as a result of the oil spill?

    Quote Originally Posted by MyOwnDrum View Post
    I'm curious as to why a foreign firm was drilling in American waters? Don't U.S. oil companies have this capability? Aren't we trying to decrease our dependence on foreign oil? Why were we putting the fate of our ecosystem in the hands of foreigners?
    Most of our foreign oil comes from Canada, I like Canadians and they seem to like us.

    What's the beef?
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  2. #22
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    Re: How much and what should BP pay for as a result of the oil spill?

    Quote Originally Posted by phattonez View Post
    Yeah, measure the pollution before they expel it.
    That's essentially what cap-and-trade attempts to do. I'm somewhat skeptical of this approach because 1) it's expensive to measure, 2) many of the measurements only work for factory smokestacks and other "obvious" sources of pollution, and 3) even if you could accurately measure the amount of pollution, it's difficult to attach a specific monetary value to it.

    I'm certainly open to the idea, but I have my doubts as to how well it would work from a practical standpoint.
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  3. #23
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    Re: How much and what should BP pay for as a result of the oil spill?

    I'm mostly concerned about the innocent fishermen who have lost their livelihoods. These are not wealthy people and cannot get along without income.

  4. #24
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    Re: How much and what should BP pay for as a result of the oil spill?

    Quote Originally Posted by phattonez View Post
    Yeah, measure the pollution before they expel it.
    I think in this case, we are talking about what to do after the fact. I cannot imagine that anyone would prefer that this oil be spilled over it not. So with the cat out of the bag, it than becomes time to discuss remediation instead of prevention.

    However, prevention is always better.

  5. #25
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    Re: How much and what should BP pay for as a result of the oil spill?

    Quote Originally Posted by Harry Guerrilla View Post
    Most of our foreign oil comes from Canada, I like Canadians and they seem to like us.

    What's the beef?
    So, in other words, 'foreign oil' really means 'Middle Eastern oil', correct?

  6. #26
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    Re: How much and what should BP pay for as a result of the oil spill?

    Quote Originally Posted by Kandahar View Post
    That's essentially what cap-and-trade attempts to do. I'm somewhat skeptical of this approach because 1) it's expensive to measure, 2) many of the measurements only work for factory smokestacks and other "obvious" sources of pollution, and 3) even if you could accurately measure the amount of pollution, it's difficult to attach a specific monetary value to it.

    I'm certainly open to the idea, but I have my doubts as to how well it would work from a practical standpoint.
    Not at all. Cap and trade tries to set arbitrary prices, yet still allow some pollution within a certain range. It has no market basis. Do you really want democrats setting prices if they are going to charge companies?

    My position, though more nuanced and idealistic, would be to measure all pollution, but that in order for a company to be allowed to pollute, they have to strike a deal with neighbors about how much they can pollute and how much they will be compensated. Yes, I realize that it is impossible now because this would only really work when companies are deciding where to build a factory, but it really is the only fair system. Right now, I think you could just try to determine what damages you are getting from pollution and try to set prices based on that.

    Quote Originally Posted by megaprogman View Post
    I think in this case, we are talking about what to do after the fact. I cannot imagine that anyone would prefer that this oil be spilled over it not. So with the cat out of the bag, it than becomes time to discuss remediation instead of prevention.

    However, prevention is always better.
    But it is the same problem. How do you price it? No one owns that water, so it's kind of hard to determine how valuable it was.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

  7. #27
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    Re: How much and what should BP pay for as a result of the oil spill?

    Quote Originally Posted by phattonez View Post
    But it is the same problem. How do you price it? No one owns that water, so it's kind of hard to determine how valuable it was.
    I think you have a good answer.

    Right now, I think you could just try to determine what damages you are getting from pollution and try to set prices based on that.

  8. #28
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    Re: How much and what should BP pay for as a result of the oil spill?

    It's the only way I could see things working right now.

    Look at me, I'm not an anti-enviornmentalist conservative. There is value in keeping up the environment. My only point is that it's not up to government to decide how much we value it. We need some kind of transition to allow that to happen. I haven't been able to think of one, though. For right now, though, this might be the only fair way to handle pollution.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

  9. #29
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    Re: How much and what should BP pay for as a result of the oil spill?

    Quote Originally Posted by phattonez View Post
    It's the only way I could see things working right now.

    Look at me, I'm not an anti-enviornmentalist conservative. There is value in keeping up the environment. My only point is that it's not up to government to decide how much we value it. We need some kind of transition to allow that to happen. I haven't been able to think of one, though. For right now, though, this might be the only fair way to handle pollution.
    The problem with governments doing things like this is that they will come up with some formula that may or may not have anything to do with reality. So really, the only thing we can look at is direct damage and its attributable cost.

  10. #30
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    Re: How much and what should BP pay for as a result of the oil spill?

    I'd say usually has nothing to do with reality and only has to do with what makes them look good.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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