wwwtractor's Account Talk

[wwwtractor]

Under the Oil Pollution Act of 1990, BP's liability for economic devastation -- above the cost of the cleanup -- is capped at $75 million, a number Mr. Hayward has already said he plans to blow through. But if BP is found to have violated safety regulations, which seems likely, that cap becomes irrelevant.

 

[wwwtractor]

On a Florida beach about 190 miles from the rig explosion, a stainless steel tank with markings that identified it as having come from the Deepwater Horizon washed up on shore. Bay County Sheriff Deputy Ray Maulbeck was working beach patrol Saturday when he came upon the wreckage. The Coast Guard and state environmental officials took the piece away.

 

[wwwtractor]

E-mail from BP engineer called Deepwater Horizon rig a ‘nightmare well’ six days before explosion.

 

[wwwtractor]

The ratings agency lowered BP's rating to BBB from AA and left the rating on "watch evolving," citing the increased risk BP would have to place sums in an escrow account.

 

[wwwtractor]

A bolt of lightning struck the ship capturing oil from the blown-out BP well in the Gulf of Mexico on Tuesday, igniting a fire that halted containment efforts in another setback for the embattled company in its nearly two-month struggle to stop the spill, the company said.

 

[Birchtree]

Somebody obviously needs more time on their knees.

 

[wwwtractor]

BP is to pay $5 billion a year over the next four years to set up the $20 billion fund. Obama emphasized that the $20 billion was "not a cap" and that BP would pay more if necessary.


BP's total potential liabilities, including cleanup costs, victims' compensation and civil fines, are breathtaking to consider and could stretch into tens of billions of dollars above the $20 billion fund.

 

[wwwtractor]

Eleven oil workers are dead, thousands of Gulf Coast people have had their livelihoods devastated and unfathomable damage is being done to the gulf ecology. Imagine how the authorities would be treating the offender if BP were a person. It would've been put behind bars long ago — if not on death row.

 

[Eldritch Flatus]

If you execute(bankrupt) BP, where is the money going to come from to clean up the mess and compensate the people affected? From your pockets and everyone else as the govt spends money it doesn't have.

 

[wwwtractor]

Where does BP get its money?

If companies can influence elections like a person, they should be treated like a person.

 

[wwwtractor]

http://www.google.com/search?q=Honda+Insight.+It+has+a+special+lean+burn+mode


Honda Insight Lean Burn

 

[wwwtractor]

"Given the company's willful transgression of U.S. laws, it can no longer be presumed that BP will responsibly perform its contractor responsibilities. The demonstrated disregard for the law means that there is good reason to doubt that the company will abide by its obligations under its Department of Defense contracts. Moreover, the company's repeated violation of environmental laws suggests an unacceptably high likelihood that BP will violate such laws in carrying out its contractual obligations. BP's aggregate record of wrongdoing -- including but not limited to causing the ongoing gusher in the Gulf of Mexico -- evidences a lack of business honesty that seriously and directly affects its ability to perform its contractual duties."

 

[wwwtractor]

Feinberg's role is not to side with the victims, but to be an impartial arbitrator. "We're not looking to be an advocate -- pro or con," Rozen said. "It's a pretty simple set of instructions: to find the best way to compensate victims or people who have been harmed here by this disaster in the most efficacious and expeditious kind of way."

 

[wwwtractor]

The Center for Biological Diversity filed a lawsuit on Friday against BP, seeking monetary penalties for the oil spill under the Clean Water Act. The group, which sued in federal court in New Orleans, said that if the spill was found to be “the result of gross negligence or willful misconduct,” it should be assigned the maximum penalty set out by the federal act, which is a fine of $4,300 for every barrel of oil spilled. If the spill continues through August, the center calculated that BP’s liability will be about $19 billion, which would be paid into the United States Treasury.

 

[wwwtractor]

June 20 (Bloomberg) -- China said it will allow a more flexible yuan, signaling an end to the currency’s two-year-old peg to the dollar a week before a Group of 20 summit.

 

[wwwtractor]

The U.S. Government has apparently reconsidered a Dutch offer to supply 4 oil skimmers. These are large arms that are attached to oil tankers that pump oil and water from the surface of the ocean into the tanker. Water pumped into the tanker will settle to the bottom of the tanker and is then pumped back into the ocean to make room for more oil. Each system will collect 5,000 tons of oil each day.

 

[grandma]

The U.S. Government has apparently reconsidered a Dutch offer to supply 4 oil skimmers.

There was a recent article itemizing what each of multiple countries have offered as an assist, noting the charge that would be made to the US for the use of same, and the amount of $$ the US has given to each of those countries per year for the last how many ever years.
And that the US, as noted when these offers were made, refused these assists.

Does that make sense?
The President should be saying: "fine, the bill goes to BP, send it there."

Why be more stupid than the guy that you want to blame for the whole thing??? With countries standing in line to help, for whatever reason, what rationalization is adequate to cover a "No" answer?

 

[wwwtractor]

18 June 2010—Material chemists at the University of Texas at Austin and the University of Minnesota say that according to their research, the efficiency of a solar cell may potentially be increased to more than 60 percent, up from what was thought to be a limit of about 30 percent. They report their findings in today’s edition of the journal Science.

 

[wwwtractor]

June 24, 2010 — After another week of tough political wrangling and more twists and turns than a roller coaster, a 6-month "doc fix" that rescinds a 21.3% cut in Medicare reimbursement to physicians passed the House of Representatives tonight, 417-1.

 

[wwwtractor]

BILOXI, Miss. – The executive directors of the Mississippi Department of Marine Resources and the Mississippi Department of Environmental Quality, in an abundance of caution, are closing an additional portion of Mississippi’s territorial marine waters, effective immediately to all commercial and recreational fishing, including all species of finfish, crabs, shrimp and oysters.