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Thread: BP to pay $4.4 billion for Gulf Oil Spill

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    Politics.ie Member owedtojoy's Avatar
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    Default BP to pay $4.4 billion for Gulf Oil Spill

    It is the largest criminal damage payout in US history, over 3 times larger that the previous one ($1.3 billion from Pfizer).

    The company will plead guilty to felonies relating to the deaths of 11 workers.

    2 company employees are to face manslaughter charges.

    The amount is less than the profits BP made last quarter ($5.5 billion).

    An interesting point: If Romney had won the election would we be hearing about this now?

    BP to pay record fine in Gulf oil spill; 2 to face manslaughter charges - CBS News

    BP waived a $75 million cap on its liability for certain economic damage claims under the 1990 Oil Pollution Act, though it denied any gross negligence.
    "A wise man proportions his belief to the evidence" - David Hume

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    Politics.ie Member wombat's Avatar
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    Quote Originally Posted by owedtojoy View Post
    An interesting point: If Romney had won the election would we be hearing about this now?
    He didn't, better ask Elvis

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    Politics.ie Member owedtojoy's Avatar
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    Too late for this guy ...

    "A wise man proportions his belief to the evidence" - David Hume

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    I think its more in total, I need to look up the figure later, once dinner is over...

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    Politics.ie Member Telemachus's Avatar
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    Who are they paying? the Fish dont have bank accounts.
    ..the Irish nation can become other than white, by privileging the voices of the racialised and subverting state immigration but also integration policies. – Ronit Lentin

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    Politics.ie Member owedtojoy's Avatar
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    I am just wondering if Republican Congressman "Smokey Joe" Barton will apologise for this imposition on his paymasters?

    Rep. Joe Barton Apologizes to BP's Tony Hayward for White House "Shakedown" (Video) - Political Hotsheet - CBS News

    Barton believes in 3 major cash flows: from the taxpayer to BP in subsidies, from the consumer to BP, and from BP into his pocket.

    And BP therefore deserve to be toadied to, apologized to and thanked for pollution.
    "A wise man proportions his belief to the evidence" - David Hume

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    I think what has shocked the oil world is not so much the record fine which is affordable for BP but what has them rattled are the criminal indictments.

    The two highest-ranking BP executives supervising the drilling of the Macondo well in the Gulf of Mexico were charged Thursday with 22 counts of manslaughter stemming from the 2010 blowout and explosion that killed 11 workers.

    US Attorney General Eric Holder announced the indictments against Robert Kaluza and Donald Vidrine, including 11 counts of seaman's manslaughter and 11 counts of involuntary manslaughter. The two men were also charged with a violation of the Clean Water Act.

    The three criminal indictments were announced as part of a larger settlement with BP, which itself agreed to plead guilty to 11 charges of felony manslaughter for its role in the disaster.

    https://www.platts.com/RSSFeedDetail...ed/Oil/8919446

    The risks attached to deep water drilling in US waters just increased many times.
    Best regards, Pat.Twitter-energy economy news _ _ Each to their ability, together we progress.

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    Politics.ie Member ticketyboo's Avatar
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    Quote Originally Posted by owedtojoy View Post
    It is the largest criminal damage payout in US history, over 3 times larger that the previous one ($1.3 billion from Pfizer).

    The company will plead guilty to felonies relating to the deaths of 11 workers.

    2 company employees are to face manslaughter charges.

    The amount is less than the profits BP made last quarter ($5.5 billion).

    An interesting point: If Romney had won the election would we be hearing about this now?

    BP to pay record fine in Gulf oil spill; 2 to face manslaughter charges - CBS News
    I have to say my ears ******************************ed up when I read this. When there was a related thread on the oil reserves waiting for us on the west coast, seemed to me there was a substantial number here who responded to the demands of others that we should be getting a far greater return in royalties, taxes, etc, by playing the poor mouth on behalf of the oil companies. The poor craturs with the cost of testing and drilling and exploration.... and then you hear sums like this being handed over without batting an eyelid.
    Anybody changing their mind on this? Think we should play"hardball"?
    Think I know what position Enda the Bender will take on this. The clue is in the hilarious nickname I just gave him.

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    Quote Originally Posted by ticketyboo View Post
    I have to say my ears ******************************ed up when I read this. When there was a related thread on the oil reserves waiting for us on the west coast, seemed to me there was a substantial number here who responded to the demands of others that we should be getting a far greater return in royalties, taxes, etc, by playing the poor mouth on behalf of the oil companies. The poor craturs with the cost of testing and drilling and exploration.... and then you hear sums like this being handed over without batting an eyelid.
    Anybody changing their mind on this? Think we should play"hardball"?
    Think I know what position Enda the Bender will take on this. The clue is in the hilarious nickname I just gave him.
    These reserves that are waiting for us, where exactly are they.....typical uneducated claptrap.

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    Politics.ie Member ticketyboo's Avatar
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    Quote Originally Posted by ticketyboo View Post
    I have to say my ears ******************************ed up when I read this. When there was a related thread on the oil reserves waiting for us on the west coast, seemed to me there was a substantial number here who responded to the demands of others that we should be getting a far greater return in royalties, taxes, etc, by playing the poor mouth on behalf of the oil companies. The poor craturs with the cost of testing and drilling and exploration.... and then you hear sums like this being handed over without batting an eyelid.
    Anybody changing their mind on this? Think we should play"hardball"?
    Think I know what position Enda the Bender will take on this. The clue is in the hilarious nickname I just gave him.
    Hysterical - I just typed " my ears prícked up" and when I posted I got a line of asterisks over the word pr*cked.
    It's not a dirty word!

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