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BP's oil spill settlement

Posted by esh_ga z7 GA (My Page) on
Thu, Nov 15, 12 at 12:59

Thank goodness for the government reaping some recompense for it's own costs and justice for those harmed:

NEW ORLEANS -- BP said Thursday that it will pay $4.5 billion in a settlement with the U.S. government over the massive 2010 oil spill and will plead guilty to felony counts related to the deaths of 11 workers and lying to Congress.

The figure includes nearly $1.3 billion in criminal fines - the largest such penalty ever - along with payments to several government entities.

A person familiar with the settlement said two BP employees will also face manslaughter charges over the deaths of 11 people in the explosion of the Deepwater Horizon oil rig that triggered the massive spill. The person was not authorized to discuss the matter on the record and spoke on condition of anonymity.

"We believe this resolution is in the best interest of BP and its shareholders," said Carl-Henric Svanberg, BP's Chairman. "It removes two significant legal risks and allows us to vigorously defend the company against the remaining civil claims."

The settlement includes payments of nearly $2.4 billion to the National Fish and Wildlife Foundation, $350 million to the National Academy of Sciences and about $500 million to the Securities and Exchange Commission.

The charges BP will plead guilty to include 11 felony counts of misconduct or neglect of ships officers, one felony count of obstruction of Congress and one misdemeanor count each under the Migratory Bird Treaty Act and the Clean Water Act. The 11 counts related to the workers' deaths are under a provision of the Seaman's Manslaughter Act.

The obstruction charge is for lying to Congress about how much oil was pouring out of the ruptured well.

And there are still other claims against BP from financial institutions, casinos and racetracks, insurance companies, local governments and losses caused by a government-imposed moratorium on drilling after the spill.

None of those are covered by BP's proposed settlement with the private lawyers.

While I'm sure this doesn't do justice to what happened, I guess it allows for some closure. I'm just glad someone got held accountable.

Here is a link that might be useful: source of course


Follow-Up Postings:

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RE: BP's oil spill settlement

I'm watching this on C-Span just now. So glad they are being made to pay for their sins. About time, although the damage can never be undone.


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They mad 43 Billion in profits they'll pass this along.


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Well, there goes mrsk's argument that BP are the good guys and Obama was the bad guy for trying to hold them responsible in any way for their irresponsible--no, according the to guilty pleas--for their criminal--behavior.

Kate


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OH gee remember the oil spill posts several of them 150 long each. The Jones act omg omg omg why is'nt he implementing the Jones act.
When the bill came due the turth finally distilled, refined as it were to a BIG BIG fine (chrip, chirp, chirp)
But the shaaawimp are just dullishes!
Maybe someone from BP can run for Governor of Louisiana now!


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Of course we knew that all along. All the handflapping going on was pretty pathetic.

Three, likely 4 people are facing arrest.

Here is a link that might be useful: Update From The BBC.


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I, too, am glad at least someone is being held accountable for this Gulf disaster, that the fines are a little more than just a slap on the wrist... especially since the damage is so great, some of it irreparable.


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BP employees will also face manslaughter charges over the deaths of 11 people in the explosion of the Deepwater Horizon oil rig that triggered the massive spill.

I was not around HT when this happened. Just asking......Was there a call from Conservatives wanting answers NOW 11 people are dead did they want answer immediately?

It is time some are held responsible but there is more that should and will come later. Money will never make up for the damage and deaths but since it is what they love more than life itself giving up one penny hurts their wee little stone hearts.


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They were more worried about Obama stopping drilling and oppressing the free market capitalism of oil companies ("and out hearts go out to the families of those killed ...").


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No, there was no call from conservatives "wanting answers NOW" about the 11 deaths.

In fact, there were long and furious threads in which a couple conservatives in particular took BP's side in the whole thing and heaped abundant abuse on President Obama for not being more sympathetic and nice to BP. The oil spill was not big deal, according to them, and the effects would disappear within a reasonable time period. In the meantime, our calls of alarm and horror were bad for business down there on the coast.

Some of those arguments went on and on and on . . . . But then I have noted more than once myself that a lot of things go on and on and on . . . here at HT. : )

Kate


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Thank you. I was wondering why there were no post especially from the people that lived through this that live in that area. I guess money does mean more to some than human life.

I will do a search because for the life of me seeing the damage on TV how anyone could defend BP is strange. It will be interesting to see the rational to defend BP. Especially since they are so upset about the 4 deaths in Lybia.


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Especially since they are so upset about the 4 deaths in Lybia.

Amazing, isn't it? Apparently, they only care about those lives when they think they can put the blame on Obama.

I will have to go search for those posts also as I was not around here then either. The hypocrisy is really mind boggling.


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Oh-oh--another oil rig on fire in Gulf of Mexico! Just announced on CNN. Near Grand Isle.

I never feel comfortable about off-shore drilling. Don't know enough about the subject to know whether it is a good thing or not, but whenever one of these crises occurs, I'm appalled at the human and ecological damage.

Kate


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Four injured 2 missing lousy thing just before Thanksgiving or any other time of the year!


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  • Posted by ohiomom 3rdrockfromthesun (My Page) on
    Fri, Nov 16, 12 at 13:04

Yes another explosion and a sinkhole that keeps growing and growing and just a matter of time before that explodes (methane gas) ... profit before people.

Tis the Bain Way


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I can't even comment further... I did my best to bring the Macondo well disaster and its after effects to light here, but all we kept getting in response were pictures of happy dolphins and, "c'mon down... the beaches are clean and the water wonderful."

No comments on the further leakage, the genetic deformation of sea life, the miles of marshland and shoreline still oil soaked, the unexplained deaths of a continuing lineup of creatures that live in the Gulf... etc...

There's a lot to read, Jill... the threads were many.


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Eat those gulf shrimp, they are good for you girl!


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2 people dead, 4 injured (severe burns), 2 people are still missing.

Here is a link that might be useful: Update.


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Jodik all I can ask is "what will a person NOT do for money". How do you go on and on about Christian values and to be so morally bankrupt for the mean green. You cannot take it with you when you leave this earth.

Think of all the songs written about the Love of Money. No problem for money..... you can sell your children's life of clean air and water.


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If you have ever driven a motor vehicle or have been transported by motor vehicle, or have ever used or are using any item made of plastic, you're just whistling Hypocritical Dixie.


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whistling Hypocritical Dixie

11 people die is not important. I guess the death of 4 people is the limit of hysteria after that number it is a stamp of approval.

HYPOCRITE!!


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Marquest, Demi is right, very right. Might you wear rayon? Polyester? How about pantyhose or socks? Thank you oil.

People dying matters. it definitely matters. But until your ilk is willing to put up and shut up (ie stop using oil based products) you are hypocrites.


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I celebrate the fine & the confirmation that they lied!
I don't give crap any of this other nonsense!
A continued example of the need for regulation when it comes to corporate culture!


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But until your ilk is willing to put up and shut up (ie stop using oil based products) you are hypocrites.

Or improve safety in drilling procedures.


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But until your ilk is willing to put up and shut up (ie stop using oil based products) you are hypocrites.

This one will shut up when regulations are enforced and subsidies stop to these murders and the ones that profited from the deaths. I support other forms of goods being developed to replace oil. My ilk voted my support for that goal. Thank goodness he won.

We know why those 11 people died. I am one that is not being a hypocrite rushing to judgement without full knowledge of why those 11 died and destroyed our waters and human lives. It is blood money.

Those 11 are just as important as the 4 that died in Lybia. Who is shutting up about those 4 at least until there is proof of why they died? Those 11 died for a good cause I guess for somebody's polyester suit so they do not matter? So we should shut up.

I will thank the oil companies and those that profit when they are not conducting business that is harmful to humans for huge profits. I do not think our society will be thanking them for what they have done for great profit. You can lick their feet for the murders anytime you wish in your polyester suit, I will watch you in my silk suit.

HYPOCRITES!!!


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Caring about our environment, ensuring the safety of energy workers and recognizing our need for petroleum based products are not mutually inclusive goals.


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Sorry I meant mutually exclusive...........

Darn that auto word fill function


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And, marquest..Let us inow if you use plastic bags and what your socks are made of.


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Acknowledging people that trash the oil industry, all the while gulping up what it produces in their daily lives is in no way approving of any deaths.

It's only pointing out blatant hypocrisy.


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"Acknowledging people that trash the oil industry, all the while gulping up what it produces in their daily lives is in no way approving of any deaths.
It's only pointing out blatant hypocrisy."

Amen.

thanks for mentioning this, demif.


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Right. And we're in Libya with CIA bases, dead diplomats, who knows how much money being spent trying to promote the amiable people who sign contracts for the famous Libyan reserves of orange marmalade.


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Bow and kiss the feet of the oil company we would not be able to live. Oh wait 11 did not.

Amazing we know why those 11 are died. But they do not matter. As long as the oil company gives you a plastic bag. What would we do if we did not have a plastic bag?

HYPOCRITES!!!


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Follow the blood money.


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You 2 should take that show on the road, 11 people died not by accident. It is proven what the oil company and Halliburton did for profit. This is not a Fox made up bedtime story.

Your life saving wonderful thoughts of polyester and plastic bags it is okay those 11 people died. Polyester and plastic bags. Really? That is laughable.

Where is your Lybia outrage?

HYPOCRITES!!!


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Marquest, do you not bother to read?

I've never approved of people dying.
It's terrible that people were killed in the BP oil spill and disaster. I hope that people learn from mistakes.

Accidents occur, through negligence and without negligence.

They happen in businesses every day that operate to make a profit.

Railroads have accidents that kill people, mines have collapsed and people die, tires blow in trucks that transport good and kill truck drivers and others, and guess what? PEOPLE DIE WORKING FOR THE GOVERNMENT.

Usually, when they think they're likely to die and ask for help though, they aren't ignored before they're murdered.

People use oil and those that use products that come from oil are hypocrites if they hold oil companies to any higher standard than any other company that they patronize and disparage in the same sentence.

What is "blood money" Maddie and to what are you referring?


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"What is "blood money""

Do you honestly not know what "blood money" is?


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Marquest, At some point, you might want to get honest and own your own behavior...and how YOU have peronally contributed to the Oil situation in the USA .

Until you are willing to step up, then You might be better off in zipping it.

Deaths in all cases are horrible. Hypocrites are even worse.


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11 people died not by accident. It is proven what the oil company and Halliburton did for profit.

Exactly.


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What's the point?

As I pointed out, businesses--not just the oil industry--have disasters and people are killed on the job, sometimes through negligence and sometimes not through negligence.

That's part of life--it's happened since the beginning of time and the beginning of businesses.

The courts adjudicate who is negligent and who is not.

Companies pay.

The oil industry is not the only industry in which people are killed--as I stated, our own government sent people out to work and they were killed--and they were crying for help seeing it coming.

So, it seems to me there is a lot of hypocrisy going on here.

If the oil industry is particularly distasteful to you, I suggest putting your money where your outrage is and back it up by not patronizing oil companies.

That would involve for the most part not driving or being driven anywhere where the vehicle used gasoline or diesel, and getting off your computer if it has any plastic on it.

If you don't, your hypocrisy is just nothing but hot air trying to get the popular outrage du decade off the ground.

Fail.


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Does this cut in to dividends?


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What, Labrea?

Don't you own oil stocks?

Of course it depends on the types of stocks you own at any given time and whether they pay dividends.

Spike is certainly quite obsessed--it's sick, very sick.

I think I was on the money--very very low level operative.


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Yes what is the point. You really need that plastic bag and polyester suit. 11 dead just the price of doing business.

If only you were so analytical about Lybia. The difference with this is this was intentional it was not an accident. The greedy idiots at Halliburton made a bad product and the oil company lied about how much oil was spilled.

I live as green as possible. I do not use the plastic shopping bags, polyester has never been something I run to as my line of clothing love. I do not buy bottled water. If the President continues on the line of making the US as less dependent on oil as possible I will feel I have done my part of at least trying to elect people that care about the earth my daughter and the rest of society lives.

Blood money for oil may end one day. The sooner the better.


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"What is "blood money""

Do you honestly not know what "blood money" is?


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You still fly on airlines that have had accidents due to mechanical problems and human error, don't you?

You still eat food and produce from companies that have produced contaminated products at one time or another, don't you?

You still support the Obama Administration that left four people to die on the anniversary of the 9-11 terrorist attacks when they were begging for extra security, don't you?

You're still typing on a plastic keys tonight, aren't you?

Ummm. Hmm.

Liberal Outrage Du Decade.

Such hypocrisy.


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I most certainly do own oil stocks but I'm not on here defending the industry.

This was negligence or don't you accept the findings of the court?
Are you losing money on this?


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Wait for the civil lawsuits. First is scheduled for February 2013. Eleven people were killed. Those that profit can cough up the cash for the damage they caused. Personal responsibilitude dontcha know (watch it go out of the window now).


Update on the West Delta 32 Platform:

The Coast Guard continued searching through Friday night for two people who remain missing from a platform that caught fire 25 miles southeast of Grand Isle early Friday. Earlier, authorities reported that two people had been killed, but during a news conference in New Orleans, the Coast Guard said there are no confirmed deaths at this time.

On a sidenote, there's also this:

On Sept. 21, the Coast Guard's National Response Center reported the release of about 8 gallons of crude oil from a test plug in a blowout preventer at the Black Elk Energy West Delta 32 platform. The oil created a 200 yard by 100-foot sheen. The Coast Guard confirmed that platform 32 is the one that was on fire.


Here is a link that might be useful: Source.


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Like I said up thread.....

Caring about our environment, ensuring the safety of energy workers and recognizing our need for petroleum based products are not mutually exclusive goals.

You folk are just arguing to argue.


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Posted by labrea 7NYC (My Page) on
Sat, Nov 17, 12 at 0:44

I most certainly do own oil stocks but I'm not on here defending the industry.

This was negligence or don't you accept the findings of the court?
Are you losing money on this?

*

I'm "defending" any industry.

Read my posts--all industries have things like this happen if they're in the business of doing something that is or could be dangerous.

Labrea, why are you asking me if I'm "losing money on this?"

I have given no information to cause you to ask a question like that.

Personal information is just that--I'm certainly not interested in anyone else's personal information here.

But then no one has posted anything of any consequence for me to even care about anyone's personal information.

Even if someone were provocative or interesting enough, what kind of low life would have such a miniscule life to afford the luxury of bothering and be devoid of morals to even do that?

Oh yea.


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omission of word/correction--I'm not defending any industry.

Industries that are the basis for the support of our economy don't need "defending."

Manufactured outrage du decade.


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"all industries have things like this happen if they're in the business of doing something that is or could be dangerous"
That's a rationalization that is in direct opposition to the courts findings of negligence.
So indirectly your answering that you don't accept the courts findings like pulling teeth.


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For Pete snakes Haliburton & BP sued each other blaming the other for negligence. Even they get it that there was negligence.
I'm getting a stroooooong feeling that you have some kind of personal, private emotional or financial concern in this!


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Posted by labrea 7NYC (My Page) on
Sat, Nov 17, 12 at 8:37

"all industries have things like this happen if they're in the business of doing something that is or could be dangerous"
That's a rationalization that is in direct opposition to the courts findings of negligence.
So indirectly your answering that you don't accept the courts findings like pulling teeth.

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Posted by labrea 7NYC (My Page) on
Sat, Nov 17, 12 at 8:42

For Pete snakes Haliburton & BP sued each other blaming the other for negligence. Even they get it that there was negligence.
I'm getting a stroooooong feeling that you have some kind of personal, private emotional or financial concern in this!

*

Oh, a conspiracy theorist about me!

Surely, I wouldn't have pegged you for one of those, labrea.

Did you read my posts last night, Labrea?

I said sometimes deaths occur due to NEGLIGENCE or NO NEGLIGENCE.

I can assure you it's of no consequence to me--I know very well what the courts have adjudicated, as I ALSO MENTIONED ABOVE IN MY POSTS THAT THEY HAVE, and the courts sort it out.

That's the way it's supposed to work.
I should know--I spent years working in courts and I believe in and support our judicial system.

SO what's your problem?


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Marquest, I have no desire to be the wealthiest person in the graveyard.

And it doesn't do my children, or their children, any real favor to pass down a great fortune, thus not forcing them to use their own minds and skills, or to seek out knowledge.

But it would be nice to go to that grave knowing that the planet will habitable and able to adequately support the lives of my grandchildren through the growth of food stuffs, clean breathable air, drinkable water, and clean energy sources to utilize.


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It would be nice if the world were unicorns and rainbows and chocolate too.

Jodik, there are circles where people with financial success produce intelligent, diligent, hard working contributors to society that enhance communities and the world around them.

Many of those children manage foundations with the money left to them and manage them quite well, ensuring that they are financially feasible for years to come to help others.

Of course if you don't personally know these people who quietly do good things and only watch television and read tabloids, your view of people with money and children is going to be assumptions that people that have money left over are people that produce the Paris Hiltons of the world.

People should be responsible for themselves--that's how I feel and how I reared my children, and they live by that.

If someone wants to leave financial or material resources to their children, that's their prerogative and the business of no one else.

Not as much will be left anymore--starting in January the estate tax exemption and tax rates will go into effect and the government will take even more from the dead.


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"Of course if you don't personally know these people who quietly do good things and only watch television and read tabloids, your view of people with money and children is going to be assumptions that people that have money left over are people that produce the Paris Hiltons of the world. "

Not that Demi would ever judge anyone else and their personal life......


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Exactly Jokik!!!

SO what's your problem?

The problem is Demi you have the attitude of the Republican party that they are now saying is a time past.

No longer is it okay to think killing the planet is the price of doing business. Regardless of who you hurt.

No longer is it okay to hold business health over citizen's health

No longer is it okay to think money is more important than the planet and how business is conducted to make that money.

YOU are the Romney they are trying to forget.

Because I know you are the Romney attitude of the world I do not want you and your ilk to keep quiet because I know in your heart what will happen to the planet. I want you to continue to voice your divisive, love of money, corporation at all cost words.

If people start to be fooled with what eventually starts to come out of the Romney people's mouth and not remember what is really in their heart this planet will not be a liveable place my daughter will inherit.


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My question was to Labrea, marquest.

I have already identified your problem.


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Yes my dear and everyone has identified your problem, issues and wishes for our planet.


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Well, marquest, you got your answer to your earlier question about conservative attitudes towards the BP disaster!

Except that demi has taken over mrsk's former job of the Forum Daily Gadfly. She certainly is having fun in that official capacity, isn't she.

Kate


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Yes Kate and it is a eye opener.


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Marquest, it's all greatly tied into priorities and real values... or as I term it, priorities and a code of honor. These have different meanings to different people, and since people rarely change, we can expect the same issuance from the same persons.

If wealth, money, and material comfort are priorities, then one will bend, twist or break their values to obtain that comfort.

Money can buy a lot of things, but it can't buy class or good karma, true love, real happiness and inner peace, or anything we can take with us post-death. And that's just the way of it.


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Like my Mom used to say... Money can't make you happy but being poor can make you darn sad.

I don't subscribe to any theory that implies wealth is inherently bad. There are many, many, many financially well off folks who enjoy all the things you list Jodi.

It's not money, or lack of it, that defines who you are.


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Kate, Jodik, I guess where I am finding I was so far off the mark of thinking how I felt people "would feel" is they saw first hand the damage.

I cannot imagine anyone defending the actions if a person had the view of the destruction of the lives of their neighbors. By neighbors I am saying within your state neighbor. But I should SHUT UP

The love of money will make you sell your own mother. People were giving up their life leaving the comfort of their home to help and they did not live in the state. But I should SHUT UP

People that caused tragedy were on TV saying that this was an interruption to their vacation time. I know all remember him "Tony Howard". You have people on HT defending the murders and destruction as the cost of business. Incredible. Very telling of where their heart sits. But I should SHUT UP.


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Money can buy a lot of things, but it can't buy class

Oh, so true. And gets proven right here every day. Even more so now that Obama won.


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Wow, the paranoia is about out of control here.

Because I don't support increased taxes during a down economy and until waste and fraud is eliminated, I "love money."

What utter nonsense.

Because it is recognized that accidents happen, sometimes with negligence, that doesn't make anyone "love" corporations.

Business is what it is.

Sometimes people die, and they are terrible, terrible tragedies. Everything should be learned from preventable deaths and people should be held accountable for negligence, and they are--that's why we have courts.

But businesses should not be demonized as a whole because of these incidents--as I pointed out, many, many industries that we depend on for our quality of life and our economy have experienced a regrettable loss of life.

Does it bring anyone back to hate these businesses and the people they employ?

No.

Is it unfair to isolate one or two and disprage those industries when not holding others equally accountable?

Of course, but it wouldn't serve the Outrage Du Decade and petty political agendas.

What I have found to be true is that people that are always making assumptions about other people loving "money" are people that don't have as much as they want themselves.

Otherwise, why spend so much time talking about other people's money and figuring out ways they can get their hands on it, and pontificating about how it could be better spent?

You got time to lean (complain) you got time to clean (go make your own).

As Obama said, anyone can make it in this country if they try.

What we have is a massive failure to try.


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But that is not the definition of "paranoia." Check your dictionary.

Kate


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But that is not the definition of "paranoia." Check your dictionary.

Kate


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I still think the first 2 weeks of the BP spill was the worst moment of Obama's first term, but I understood why the GOP never made it an election issue. No reform of MMS? No leadership on how a similar spill would be handled in the Arctic, as we drill, drill, drill the last frontiers in upcoming decades? Hope some of this goes to fund marine reserves, otherwise it's a cash grab by the region's species that was least affected by the spill.


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With regard to wealth, I never mentioned anything about defining people... I said it lacks purchasing power in many areas.


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No jodi, you didn't say that and I didn't attribute it to you . I said it.


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Oh my,now I'm a gadfly lol. Thank you demi for taking that mantle.

What tripe, what absolute tripe. More people are killed on the hwy in one day than are killed on oil rigs in twenty years. BP was negligent and should be punished and made to pay. But just like when the accelerator stuck on the Toyotas and people were killed, Ford wasn't punished for it. Obama wanted to punish the entire oil industry for the actions of BP.

And just like I told those in the northeast. I didn't live through Sandy, they are. I live on the Gulf, I know it better than you do.


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Yes your right but you get real exited in multiple posts on Benghazi now don't ya!
That's all apples & oranges now and this is classic K!
What is the original post about?
About settlement for negligence rather large settlement for negligence & this response "oh you could walk out your door and be killed by a meteor"
Well free country & all and your certainly entitled engage in whatever defense you enjoy around this subject. A real touch subject for you!


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As sad as the human loss is on oil rig accidents, it's a red herring when speaking of the much larger losses that are, or were incurred because of greed leading to negligence, especially in the case of BP's Macondo well in the Gulf.

Such losses are not finished occurring, and won't really be known for some time... unless you know more than the scientists monitoring the situation, mrskjun.


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As sad as the human loss is on oil rig accidents, it's a red herring when speaking of the much larger losses that are

Please tell me that is a joke. There are no greater losses than the loss of human life. The Gulf has steadily recovered from the spill. I peeled a mess of Gulf shrimp last night for making stuffed mirlitons for Thanksgiving. There is a far greater disaster going on along the Gulf coast, and that is coastal erosion, and it has nothing to do with oil spills. Miles of the coastline are being washed away, and along with it, buffers against hurricanes like Katrina, But most of that has been caused by the Corps of Engineers diversions and levee building. No outrage there, not a big profit making company.


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When greed ruins our planet to the point that we can't breathe the air, drink the water, or procure food from its land OR oceans, that will be a much greater loss in life than the terrible, yet smaller losses that should have taught us some lessons.

And no, I'm not joking. If those lives lost do not force us to make some changes, then those persons died in vain.


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All of a sudden 11 dead people are the worst part. Gotta love it.


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As far as oil rig jobs are concerned, it was reported that those four oil rig workers still in the hospital from this last explosion are Filipino nationals.


-Ron-


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Ron, do you have a source for that information?

11 dead aren't enough for you maddie? What number would make you happy? Or hmmm, are you ever happy?


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Spare us your pathetic games.


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