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Thread: BP Oil

  1. #261
    Super Moderator crashdive123's Avatar
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    And before we get too hung up on words - he said chic, not chick.

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    Chic (pronounced /ˈʃiːk/ "sheek"), meaning 'stylish' or 'smart', is an element of fashion and the counterpart of posh.
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  2. #262

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    Meanwhile the oil keeps flowing into the gulf. Is anybody focused on the problem?

  3. #263
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    Quote Originally Posted by crashdive123 View Post
    And before we get too hung up on words - he said chic, not chick.

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    Yeah Thats what i meant and Trabitha probably meant to say "Dud"

  4. #264
    Senior Member BENESSE's Avatar
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    Quote Originally Posted by Alaskan Survivalist View Post
    Meanwhile the oil keeps flowing into the gulf. Is anybody focused on the problem?
    No, not even those who are supposed to.

  5. #265
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    Yeah,, BP will fix iT

    http://www.youtube.com/watch?v=wPnFV...layer_embedded

    this is sad but true.
    Last edited by Justin Case; 06-16-2010 at 02:26 PM.

  6. #266
    Administrator Rick's Avatar
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    BP just agreed to allocate 20 Billion for those who are affected by the spill. Does anyone remember that 20 Billion was their expected profit this year?

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  7. #267
    Senior Member BENESSE's Avatar
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    Quote Originally Posted by Rick View Post
    BP just agreed to allocate 20 Billion for those who are affected by the spill. Does anyone remember that 20 Billion was their expected profit this year?

    http://abcnews.go.com/WN/Broadcast/o...ry?id=10927625
    Don't get me started. Oh wait, I think I already have. So...yes, I do remember that which means what, they just won't make any profit this year but other than that everything is copacetic?

  8. #268

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    Regulation and oversight is needed but beyond damages no punitive measures are useful. "Evil Corporations" are invested in by stock holders like individuals and pension funds. The money will come out of ordinary peoples pensions and besides the price of doing business is just added to the price you pay at the pump. I consider myself an environmentalist and I think the size of these projects should be limited in size to limit size of catastrophy.

  9. #269
    Senior Member 2dumb2kwit's Avatar
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    Quote Originally Posted by Alaskan Survivalist View Post
    Regulation and oversight is needed but beyond damages no punitive measures are useful. "Evil Corporations" are invested in by stock holders like individuals and pension funds. The money will come out of ordinary peoples pensions and besides the price of doing business is just added to the price you pay at the pump. I consider myself an environmentalist and I think the size of these projects should be limited in size to limit size of catastrophy.
    You bring up a point, that I have been wondering about. I'm sure that they are regulated to death, but I haven't heard much about Federal inspections, and checking to see that they were operating within compliance.

    Also, you don't hear much about where the drilling rigs and people who work on them, are going, now that no new drilling is being allowed, in U.S. waters. (And who stands to gain financially, from this.)
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  10. #270
    Senior Member BENESSE's Avatar
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    Quote Originally Posted by Alaskan Survivalist View Post
    Regulation and oversight is needed but beyond damages no punitive measures are useful. "Evil Corporations" are invested in by stock holders like individuals and pension funds. The money will come out of ordinary peoples pensions and besides the price of doing business is just added to the price you pay at the pump. I consider myself an environmentalist and I think the size of these projects should be limited in size to limit size of catastrophy.
    No punitive damages for the worst environmental disaster in US history?! What would it take to warrant that in your mind, AS?

  11. #271
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    1st. No money will come out of pensions. It doesn't work that way. They cut their dividend in order to preserve their cash flow.

    2nd. There is no such thing as "Evil Corporations". There are unethical executives that steer a corporation the wrong direction. But a corporation is neither evil nor good. Point the finger at the real cause of this tragedy. Carl-Henric Svanberg is the Chairman of BP. However, Tony Hayward is the CEO and is ultimately responsible for the mess.

    As to the inspection, the U.S. Energy and Commerce Committee has asked the DOI for the actual inspection documents to determine if any culpability exists with regard to the inspections. BP's position has been that key safety checks were completed just hours before the disaster. However, an attorney representing some of the survivors says that isn't true. So who knows?

    Re: the drilling ban. Some of the drilling companies have sued the DOI in an effort to resume drilling. I can't imagine this ban lasting very long. The petroleum lobby is pressing hard to have it lifted as are lawmakers. Imagine if you were the governor of Louisiana. You have Gulf Coast folks loosing revenue from fishing and recreation as well as all the associated companies for those two industries and now all the gas and oil employees are out of work. I'd bet the ban gets lifted pronto.
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  12. #272
    Senior Member 2dumb2kwit's Avatar
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    This just in: breaking news!!

    B.P. has stopped the oil leak in the gulf.
    They put a wedding band on it and it stopped putting out.
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  13. #273
    Administrator Rick's Avatar
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    I just read the details in the 20B compensation fund. It will be paid out over 4 years. So...They're 20B profit will take a hit of $5B this year. The tax write off for expenses associated with the spill should more than offset that. Add to that the fact they cut this quarter's dividend to shareholders. They should be in the pink or black as it were...literally.
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  14. #274
    Senior Member BENESSE's Avatar
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    Quote Originally Posted by Rick View Post
    I just read the details in the 20B compensation fund. It will be paid out over 4 years. So...They're 20B profit will take a hit of $5B this year. The tax write off for expenses associated with the spill should more than offset that. Add to that the fact they cut this quarter's dividend to shareholders. They should be in the pink or black as it were...literally.
    Not very far for 2D to follow the money.

  15. #275
    me, myself, and I Trabitha's Avatar
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    Not to mention that the administration made a point of saying that this agreement is not a cap. I fully expect them to go back to BP often and push an increase. The only question will be...how far will BP get pushed before they say no-more?
    Considering our government turned down help from 15 nations and never asked other oil companies to help out...I see them going after BP for everything they can get and then trying to force it in the court system. But that's just my opinion.
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  16. #276
    me, myself, and I Trabitha's Avatar
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    Quote Originally Posted by 2dumb2kwit View Post
    This just in: breaking news!!

    B.P. has stopped the oil leak in the gulf.
    They put a wedding band on it and it stopped putting out.
    Hey now...
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  17. #277

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    Quote Originally Posted by BENESSE View Post
    No punitive damages for the worst environmental disaster in US history?! What would it take to warrant that in your mind, AS?
    The knowledge that it would effectively change the way things are done which can be done without us paying more at the pump. Who is really at fault? I know they have the deep pockets and stood to profit but some guy some where did not do his job and I bet he does not have 20 billion dollars.

  18. #278

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    Quote Originally Posted by 2dumb2kwit View Post
    This just in: breaking news!!

    B.P. has stopped the oil leak in the gulf.
    They put a wedding band on it and it stopped putting out.
    hahaha! this is KILLING me! brilliant!

    don't let them fool you. a wedding ring is the world's smallest handcuff!

    Rick, where do you get your information and how do you have such a well-rounded point of view?

  19. #279
    Senior Member BENESSE's Avatar
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    Quote Originally Posted by Alaskan Survivalist View Post
    The knowledge that it would effectively change the way things are done which can be done without us paying more at the pump. Who is really at fault? I know they have the deep pockets and stood to profit but some guy some where did not do his job and I bet he does not have 20 billion dollars.
    There are consequences for everything.
    With whomever the buck stops (and it usually stops somewhere with someone) is the one responsible. That's how it works.
    The Europeans are paying at least $6 a gallon and that's what we'll have to wrap or minds around. I don't have a car so I don't care. I've given up a lot to be in this position (compromised a great deal) so if someone else has to compromise too, well...welcome to my world.
    There's no free lunch--big corporations, or just you and me. But then you know that already, AS.

  20. #280

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    Quote Originally Posted by BENESSE View Post
    There are consequences for everything.
    With whomever the buck stops (and it usually stops somewhere with someone) is the one responsible. That's how it works.
    The Europeans are paying at least $6 a gallon and that's what we'll have to wrap or minds around. I don't have a car so I don't care. I've given up a lot to be in this position (compromised a great deal) so if someone else has to compromise too, well...welcome to my world.
    There's no free lunch--big corporations, or just you and me. But then you know that already, AS.
    It's not just driving cars. Food production depends on oil from pesticides to fertilizer to shipping and the plastic bags it is put in. The money systems are so connected we pay for it all. It may make you feel good but you will only be sueing yourself and handing more authority over to the government. We are being played. Countries around the world offered to help that have the equipment and expertise to fix this and were denied. This is another power grab and could have been stopped immediately. The powers that be don't care but they know we do and are manipulating the situation for political gain.

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