How does BP survive this?


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yeahitsme is offline yeahitsme Post #21  June 18,2010, 1:15am
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is contractually obligated to say yes

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Want to know what really makes me sad about this? Pretending that the company DOESN'T go belly up, there are going to be drastic cost reduction measures. That means lower level employees are going to lose their jobs. 401Ks are going to be nixed. Benefits stripped to the bone. The upper level folks won't feel a thing. Its always those at the bottom rung of the ladder that feel the effects. And they are the ones who are really the honest, hard working people.
 
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nightling is offline nightling Post #22  June 18,2010, 6:47am
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D_Lion wrote :
That is because there is a myth of the premise of "compensation."

BP has already provided products consumers find valuable, created emplyoment, purchased material from suppliers, and paid taxes.

Each of these activities are of value to society.
So what? If they break something of someone else's while doing business, they have to fix it at their own expense. That's a cost of their doing business.

I don't get to damage other people's property while making my money and not compensate those whose property I damaged. And I certainly don't get to expect the government to pay for the damage I caused. BP shouldn't either.
 
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stevex is offline stevex Post #23  June 18,2010, 1:18pm
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In 2009 their assets were US $236.0 billion, the relief fund isn't going to make BP go bankrupt. They are notorious for safety violations and environmental violations. The bottom line, this could have been avoided had they had the proper shut off equipment or if we didn't do offshore drilling at all. Oil is a dirty business and BP is a dirty company and should pay for damages their negligence caused.
 
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ThePriestess is offline ThePriestess Post #24  June 18,2010, 3:02pm
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nightling wrote :
... damage to the environment.
Unfortunately, damage the to ecosystem will probably never fully recover.

nightling wrote :
Otherwise the taxpayers going to get stuck with one d a m n big bill.
I suspect the people will be paying for everything, directly or indirectly.
 
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nightling is offline nightling Post #25  June 18,2010, 3:14pm
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ThePriestess wrote :
Unfortunately, damage the to ecosystem will probably never fully recover.


I suspect the people will be paying for everything, directly or indirectly.
yeah probably, but I still want them be around to pay for as much of the bill as we can wring out of their sorry hides.
 
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jacques102 is offline jacques102 Post #26  June 18,2010, 3:26pm
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ThePriestess wrote :
Unfortunately, damage the to ecosystem will probably never fully recover.


I suspect the people will be paying for everything, directly or indirectly.
I agree with that.

It is sad.
 
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tweet37 is offline tweet37 Post #27  June 18,2010, 3:40pm
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The Exxon Valdez spill was only a fraction of the current gulf spill. The attached link notes some interesting facts, particularly the lingering oil, over ten years later.


Oil Spill Facts - Exxon Valdez Oil Spill Trustee Council -
 
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SierraMountainAir is offline SierraMountainAir Post #28  July 12,2010, 11:15am
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There are very few genuinely universal truths, but here is one: People -- and I mean all people; gay, straight, black, white, rich, poor, liberal, conservative, religious, atheist -- do not change until they understand that the cost of not changing is greater than the cost of changing.

That's why some folks can see the oil spill and disconnect it from the gas-guzzler they drive; that's why some folks can weigh 500 lbs. and still stuff their faces with fatty- and chemical-laden foods. They know better, instinctively, but have yet to truly internalize the costs, and make sensible choices.

You cannot actively proselytize instant gratification to the masses for literally every waking minute of their entire lives, and expect that they'll suddenly forget all that just 'cause they're obese, or Canada is boiling oil out of sand for China. This is not economics, or politics, or environmentalism. It's basic psychology. People have been encouraged to be stupid and passive -- and it worked
 
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TheThinker is offline TheThinker Post #29  July 21,2010, 11:00am
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And now for something completely different...

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Well, this is interesting...

BP digitally alters press photo, confesses it's fake - Technology & science - Tech and gadgets - msnbc.com
 
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D_Lion is online now D_Lion Post #30  July 21,2010, 5:39pm
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nightling wrote :
I don't get to damage other people's property while making my money and not compensate those whose property I damaged. And I certainly don't get to expect the government to pay for the damage I caused. BP shouldn't either.

You are wrong.

In fact, pollution of many kinds is generally accepted as a "negative externality."

In any case, you missed entirely my point.
 
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