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I think that the assets of BP should be frozen until they have paid for THE ENTIRE MESS.. It will stop the crooks at the top from shifting money and other assets out of the reach of any law suit judgments. Believe me the BP lawyers are working 24/7 right now to protect their own interest,,,They need to be put in check right now until they pay their bills.all of them.
The worst think the US can do take rash action. The best thing they can do is collect evidence. Keep in mind, there are 3858 oil and gas rigs in the Gulf! Obama has a chance to set things right for generations to come.
Then through a rational and exhaustive process, proper responsibility should be assigned and the cost of this disaster be paid for. Any monetary judgement should have nothing to do with ability to pay, but costs incurred.
At this stage, it does no good to point fingers without clear evidence. What we will find is that the Feds bear significant responsibility, not for the explosion of the rig, but for the inability to manage this crisis.
The worst think the US can do take rash action. The best thing they can do is collect evidence. Keep in mind, there are 3858 oil and gas rigs in the Gulf! Obama has a chance to set things right for generations to come.
Then through a rational and exhaustive process, proper responsibility should be assigned and the cost of this disaster be paid for. Any monetary judgement should have nothing to do with ability to pay, but costs incurred.
At this stage, it does no good to point fingers without clear evidence. What we will find is that the Feds bear significant responsibility, not for the explosion of the rig, but for the inability to manage this crisis.
I think that the assets of BP should be frozen until they have paid for THE ENTIRE MESS.. It will stop the crooks at the top from shifting money and other assets out of the reach of any law suit judgments. Believe me the BP lawyers are working 24/7 right now to protect their own interest,,,They need to be put in check right now until they pay their bills.all of them.
That would be the dumbest thing anyone could do.
You do know that most of America owns some BP stock right?
(Its called owning international mutual funds-- own any? then you probably own some BP stock)
We are coming out of an economic recession... why would we want to make things worse?
Don't worry about it-- BP will pay for this, it may take some time, but don't worry-- they will pay...
The worst think the US can do take rash action. The best thing they can do is collect evidence. Keep in mind, there are 3858 oil and gas rigs in the Gulf! Obama has a chance to set things right for generations to come.
Then through a rational and exhaustive process, proper responsibility should be assigned and the cost of this disaster be paid for. Any monetary judgement should have nothing to do with ability to pay, but costs incurred.
At this stage, it does no good to point fingers without clear evidence. What we will find is that the Feds bear significant responsibility, not for the explosion of the rig, but for the inability to manage this crisis.
S.
nope .... the only responsible parties are those that owned, managed and operated the well in such a manner that this trainwreck was possible..... feds didn't regulate enough?? in a perfect world, responsibility would preclude the need for regulation.... but in the real world, profit motive drives shortcuts and corner cutting.... resulting in this debacle...... which will impact the gulf for DECADES.......
I think that the assets of BP should be frozen until they have paid for THE ENTIRE MESS.. It will stop the crooks at the top from shifting money and other assets out of the reach of any law suit judgments. Believe me the BP lawyers are working 24/7 right now to protect their own interest,,,They need to be put in check right now until they pay their bills.all of them.
It sounds good doesn't it?
But, is it practical? First, BP is not a US Corporation and most of their assets will be already out of reach of the US. Second, action against BP assets in the US will only hurt US employees of BP and US stockholders of BP. Third, action against BP will set a precedent whereby US Corps can have action taken against them by foreign governments. Fourth, seizing assets will make other oil companies very wary of drilling in and around the US in case something bad happens to them too.
Far better to have BP voluntarily agree to pay their share of cleaning up this mess.
You do know that most of America owns some BP stock right?
(Its called owning international mutual funds-- own any? then you probably own some BP stock)
We are coming out of an economic recession... why would we want to make things worse?
Don't worry about it-- BP will pay for this, it may take some time, but don't worry-- they will pay...
You say they will pay. But how do you know they will pay in full? You dont. I say that a thief should not be allowed to steal more once he is caught. BP has been caught risking what does not belong to them so THEY can make money...They are not to be trusted again.
BP isn't going to pay for anything. As noted above, if the Feds try to "take down" BP, they will end up taking a good chunk of the country down with it. Think the proverbial "bombing the village to save it". In any event, BP has traders that will see to it that the price of crude (and the street price of gasoline) get goosed up enough to offset those "losses". Yeah, it may look like BP is paying. But in reality, it will be out of the slush fund that every person in America contributed to.
The Feds (and by extension the American public) have little choice but to hold their nose and ride it out.
I own BP stock and have no interest in getting rid of it.
Personally I haven't followed this "disaster" as some have so I don't have the latest details. And I really don't care except that hopefully they will fix it and I am sure they are trying to do so. I'm sure some good will come of it.
Oil leaks out of the ocean floor around the world all the time and I have yet to see mass panic yet about that. Better yet saddam hussein set all of Kuwait on fire in 1991 and I don't remember the ecotypes getting their panties in a wad over hundreds of oil wells burning. I think all this is something that has to be put in perspective.
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