The big problem is consequential loss. You can clean things up fine but how do you quantify the loss in terms of peoples jobs etc? Even the people themselves would have trouble putting a number onto it.Quote:
Originally Posted by BT46B
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The big problem is consequential loss. You can clean things up fine but how do you quantify the loss in terms of peoples jobs etc? Even the people themselves would have trouble putting a number onto it.Quote:
Originally Posted by BT46B
I've made my first non-adjusting post balance sheet event disclosure in a set of charity accounts today due to the value of BP shares falling. The shares were worth more than 5% of its total investment portfolio but not anymore. I wonder how more I'll have to make. :s
This disaster spreads far and wide. :(
Everybody says Obama is an intelligent guy. Smartest President we've ever had. I don't know what they base this on. Maybe Obama should get a dive mask, fill his pockets with rocks, and go down to look at this leak in person. Perhaps he could think of a solution.
You are blowing smoke, which is the same tactic Obama uses.Quote:
Originally Posted by BT46B
BP was one of the largest contributors to Obama's campaign, Halliburton is a minor player in this scene, as while BP is culprit number one for not using a
safety device, Obama is culprit number two for giving them the waiver to allow it, while denying a waiver so foreign outfits could come with oil reclamation devices.
You don't work for the Obama boys do you?
Reliable LINK Please.Quote:
Originally Posted by Bob Riebe
:s mokin:
Well, if you think about it, there's a bit of irony to this; almost poetic justic-like when you look at in a perspective of industrialized nation compared to underdeveloped countries.Quote:
Originally Posted by Mark
This was a result of blind greed, so much so, that we were willing to cut corners to save a buck, and yet the end result turned out far more catastrophic than anyone in that industry was willing forecast as a potential hazard - not only to themselves, but the fishing industry, touring industry, and any others I may have failed to mention.
In the meantime, in such a place as Somalia, their fishing industry - which did exist to some greater or lesser extent - was altered by South Korean, Spanish, Portuguese and fishing trawlers from other modern countries, that smothered their waters to such a vast extent, that some fishermen could no longer support their families, much less themselves, that they resorted to piracy.
The only good thing I see out of this oil spill is that it will benefit the west coast, particularly California, since we'll receive the tourists that Florida (and perhaps the Carolinas ?) would have had.
Grid Girl brings up a good point about BP, as considering the amount of money this will cost... if it is indeed paid of course, I wonder if BP will go the way of Union Carbide.
Quote:
Originally Posted by race aficionado
Look it up I am not your card-catalog; although I worded that wrong, British Petroleums biggest contribution was to Obama, they were not one of his top contributors
I'm wondering what will happen if this disaster rips BP to bits.Quote:
Originally Posted by AAReagles
If BP is brought to court with multiple law suits, it could possibly file for bankruptcy and then it would be placed into either administration or worse, the liquidators would step in.
If the company is liquidated, BP would be picked apart like carrion by the other supermajors, and the relevant parts of the company would remain untouched.
Thus, legally BP would cease to exist, the environmental disaster would continue, the other oil companies would carry on as normal, and the poor people who have lost their livelihoods wouldn't be helped even an iota.
That is what I fear is going to take place over the next three years.
Quote:
Originally Posted by Rollo
That's what I was getting at, since none of those guys responsible at Union Carbide were held accountable. That case with UC came up again recently, and I myself had by now, at least, completely forgotten about it.
From what I saw, most of those got off with minor sentences that were not applied for some years later. Such instances are taken for granted all too often. Which of course means that unfortunately for us commoners, as much as we would ALL like to make life better for not only ourselves, but others as well, we are too busy trying to keep our own heads above water.
This world is so polluted with so much bureaucracy, that it makes biological contamination pale in comparison.
All I know is that if some truck driving associates of mine can make the mistake of working for someone who is irresponsible for maintaining the proper paper work, and try to gain back for lost wages and unpaid fines (as a result of office negligence), and yet can't collect because the 'official' owner of the company changes the name (and ownership of the outfit) and hands over the company with a relative to avoid a lawsuit... well, the power-brokering on such a grande scale would be much different for a case of a major oil spill.
This is only about oil of course, but wait till the time comes when the next precious resource becomes water itself. That will make things real interesting...
My point precisely Mark, we are SCREWED on this one, you could just about bet on it!Quote:
Originally Posted by Mark