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#149224 - 05/07/10 02:05 AM BP Oil Spill
jgw Offline
member

Registered: 05/22/06
Posts: 1634
Loc: Port Angeles, WA
This thing has now been going on for some time and it just gets more and more interesting. For instance, Halliburton, of Iraq fame, was responsible evidently, for blowing up the rig (they were in charge of 'cementing' which was being done when it blew up). Obama tells us that BP will be held responsible for ALL related expenses, BP says that they are kinda responsible. Now the government is offering 4% loans to folks who are effected (banks, on the other hand, get 0% 'loans' from the fed (kinda puts things into perspective?)).

Evidently our government had setup a bureaucracy/agency to exclusively regulate the oil industry doing this stuff. When it all started the head went on vacation. Then the newsies started to examine this stellar group of regulators. Seems that they saw their job as NOT regulating ANYTHING! The oil companies asked them to give them passes on regulations, and our stellar group of regulators thought that was an absolutely great idea and duly complied with those requests.

I know, this is posted under the environment. I think its safe to say that when the oil gets to land its going to be a serious disaster. I am not sure there is much else to say on that front. All in all this is a disaster on so many levels that one is hard pressed to even document them. BP screwed up, gov screwed up, EVERYBODY screwed up and, now, I am absolutely sure, WE are going to be left, yet again, holding the bag.

There will, I am sure, going to be those who point out the stellar safety record of the oil industry. There will be others who will argue that point. My point is, however, that this need not have happened and, I believe, would not have, if gov had simply done the job they were/are being paid to do.

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#149232 - 05/07/10 02:37 AM Re: BP Oil Spill [Re: jgw]
Kaine Offline
enthusiast

Registered: 08/25/04
Posts: 2131
Loc: Pennsylvania
Originally Posted By: jgw
Obama tells us that BP will be held responsible for ALL related expenses, BP says that they are kinda responsible.


What is this cap thing?
Quote:
The act also lays out a liability scheme; under the act, BP is responsible for $75 million in damages, though the law allows “unlimited” liability in certain situations, like a finding that the defendants was “grossly negligent” or violated other federal laws.

Only $75 million? On Monday, two Democratic senators introduced legislation to raise the $75 million cap to $10 billion. The bill also proposes that claimants would be able to collect damages from future revenues for the fund, with interest, if damages exceed the $1.6 billion held by the trust fund.

That's what I say...Only 75 million? That's nothing! And how hard is it going to be to prove that BP was "grossly negligent"?

Quote:
My point is, however, that this need not have happened and, I believe, would not have, if gov had simply done the job they were/are being paid to do.

I think they have done the job they were paid to do. Just depends on who we think is actually paying them.

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#149241 - 05/07/10 03:13 AM Re: BP Oil Spill [Re: Kaine]
Greger Offline

Pooh-Bah

Registered: 11/24/06
Posts: 13772
Loc: Florida

It's a funny world when you can say with a straight face...
Quote:
Only 75 million? That's nothing!

and be right.
_________________________
"Be yourself; everyone else is already taken."— Oscar Wilde

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#149244 - 05/07/10 03:51 AM Re: BP Oil Spill [Re: Kaine]
Irked Offline
enthusiast

Registered: 12/14/05
Posts: 3456
Loc: Somewhere out in left field
Originally Posted By: Kaine
. . .
I think they have done the job they were paid to do. Just depends on who we think is actually paying them.


It's all working out quite well, one must concede.
_________________________
How eager they are to be slaves - Tiberius Caesar

Coulda tripped out easy, but I've changed my ways - Donovan

I consider myself to be a laid back type and quite tolerant on most issues - AB Breivik

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#150275 - 05/15/10 06:05 AM Re: BP Oil Spill [Re: Irked]
jgw Offline
member

Registered: 05/22/06
Posts: 1634
Loc: Port Angeles, WA
I watched the congressional hearing wherein the principals of BP, Halliburton and Transocean blithely blamed one another for everything. BP, however was stellar. they admitted that their claim of their ability to deal with a disaster was a damned lie, that they failed to observe even basic industry standards of safety, they lied about the size of the problem, etc. I was also absolutely impressed with the courtesy the congressional inquisitors showed this merry band of (as far as I could tell); liars, greedy jerks, incompetents, and damned fools.

Perhaps this courtesy has something to do with appreciation one shows toward them that brought you to the party?

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#150277 - 05/15/10 08:45 AM Re: BP Oil Spill [Re: jgw]
mama Offline
member

Registered: 04/30/05
Posts: 1499
Loc: Georgia
_________________________
------------------------------
You can fool some of the people all of the time and all of the people some of the time,but you can't fool all of the people all of the time.[A. Lincoln]

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#150278 - 05/15/10 11:40 AM Re: BP Oil Spill [Re: jgw]
Joe Keegan Offline
veteran

Registered: 12/25/05
Posts: 8707
SPILL? The White House and media forced BP to release this video of the "spill." That ain't no spill, that's a gusher.

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#150279 - 05/15/10 11:43 AM Re: BP Oil Spill [Re: Joe Keegan]
Joe Keegan Offline
veteran

Registered: 12/25/05
Posts: 8707
Gulf Coast oil disaster photos- check them out. I heard that 8" tar balls are washing up on the LA shoreline now.

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#150281 - 05/15/10 12:21 PM Re: BP Oil Spill [Re: Joe Keegan]
Panamaed Offline
stranger

Registered: 10/08/09
Posts: 63
Loc: Southern
BP should change their name back to:

GULF OIL!!!

They had defective valve with dead battery in the control module.

How many more have them too?
_________________________
Panamaed....it happens so often in life there is another term for it that isn't profane.

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#150284 - 05/15/10 01:24 PM Re: BP Oil Spill [Re: jgw]
Greger Offline

Pooh-Bah

Registered: 11/24/06
Posts: 13772
Loc: Florida
Originally Posted By: jgw

Perhaps this courtesy has something to do with appreciation one shows toward them that brought you to the party?

I doubt if I'd be shown anything like that much courtesy if I dumped a few gallons of crude oil on the white house steps.
_________________________
"Be yourself; everyone else is already taken."— Oscar Wilde

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