BP Liability - New England Patriots Forums - PatsFans.com Patriots Fan Messageboard
NEWS
|
FORUM
|
PHOTOS
|
VIDEOS
|
FULL STATS DATABASE
|
PODCAST
|
RUMOR MILL
Get Social With PatsFans.com
Early Roster Projection
Ryan's Journey Started Early
POST DRAFT PODCAST

Go Back   New England Patriots Forums - PatsFans.com Patriots Fan Messageboard > Off Topic Forums > Political Discussion
Forgot Password? Join PatsFans.com!
Register Blogs FAQ Members List Calendar Arcade Mark Forums Read Chat Room

WELCOME TO OUR FORUM HERE AT PATSFANS.COM!
ARE YOU NEW HERE? NOT LOGGED IN? PLEASE TAKE A MOMENT TO REGISTER FOR AN ACCOUNT AND LOGIN TO REMOVE THIS WINDOW

Welcome to PatsFans.com. Do you have an account? If not - please take a moment to register for our forum and experience a much smoother experience with fewer ads, along with no longer having to see this notification window. Also learn about how you can receive a free Patriots T-Shirt from the Patriots Official ProShop by CLICKING HERE. Please enjoy your stay here, and Go Pats!

Reply
 
Thread Tools Display Modes
Old 05-27-2010, 07:16 AM   #1
All Pro Poster
 
PatsFanInVa's Avatar
 

Join Date: Mar 2006
Posts: 17,655
My Mood: Angelic
Default BP Liability

Should BP be liable for the full cost of the environmental damage caused by the gulf disaster?

I think they should.

What do you think?

PFnV
PatsFanInVa is offline   Reply With Quote
DONATE TO PATSFANS.COM
RECEIVE A FREE PATS T-SHIRT AND SAVE 15% OFF WHEN YOU BUY FROM THE OFFICIAL PROSHOP!

Free T-Shirt & Save 15% Off!
Like Our Site? Please help support our site and server costs by DONATING TO PATSFANS.COM and receive a FREE PATRIOTS T-SHIRT and SAVE 15% off EVERY purchase you make from PatriotsProShop.com. You'll also receive added benefits to your account
including Removing All Ads During Your Experience Here At Our Forum.

NEEDED YEARLY SITE DONATIONS: 345 | CURRENT # OF SUBSCRIBED SUPPORTERS: 98

Updated 07/08/11

Help Us Reach Our Goal!

Old 05-27-2010, 07:34 AM   #2
Third String But Playing on Special Teams
 
MrSparkle's Avatar
 

Join Date: Nov 2007
Posts: 813
Default Re: BP Liability

Quote:
Originally Posted by PatsFanInVa View Post
Should BP be liable for the full cost of the environmental damage caused by the gulf disaster?

I think they should.

What do you think?

PFnV
Ethically, yes.

Legally, IDK. From what I understand there is some ridiculously low amount of money they are responsible for. 75 million or so, seems to me they are well beyond that already.

What are you suggesting?
__________________
Science without religion is lame. Religion without science is blind. - Albert Einstein

When once a republic is corrupted, there is no possibility of remedying any of the growing evils but by removing the corruption and restoring its lost principles; every other correction is either useless or a new evil. - Thomas Jefferson
MrSparkle is offline   Reply With Quote
Old 05-27-2010, 07:41 AM   #3
All Pro Poster
 

Join Date: Mar 2010
Location: Los Angeles
Posts: 11,059
Default Re: BP Liability

Yes

(I believe mrsparkles is right about the law, but I'm assuming you're not asking for interpretation of current law. That law is yet another example if the myriad subsidies and loopholes that our government offers certain companies, to go along with the myriad unnecessary regulations it imposes on other companies.

It is, imo, garbage. But, hey, drill baby drill!)
chicowalker is offline   Reply With Quote
Old 05-27-2010, 07:49 AM   #4
In the Starting Line-up
 
cupofjoe1962's Avatar
 

Join Date: Feb 2008
Location: Hanson, Ma
Posts: 2,403
Default Re: BP Liability

I think BP should pay for the entire cost of the cleanup.

I also think it is about time Obama stops sitting on his hands and does
something to address this issue. A second tour of the spill get's
nothing done.

Find the best way to stop the leak and do it.
Send the bill to BP.

If they don't want to pay.... tell them we will no longer allow them
to do business in America, until they pay for the entire cleanup.

If my suggestion is not legal.... Change the law, the constitution or
whatever needs to be changed.

I am tired of picking up the tab for business mistakes.
cupofjoe1962 is offline   Reply With Quote
Old 05-27-2010, 08:01 AM   #5
In the Starting Line-up
 
mcgraw_wv's Avatar
 

Join Date: Feb 2008
Location: Jacksonville, FL
Posts: 2,257
My Mood: Inspired
Default Re: BP Liability

It's a double edged sword. On one hand we scream and cry to these comapnies for cheap oil, in order to give us that they need protection in the form of liability caps to deliver that cheap oil.

If we were to put BP out of business with lawsuits, were looking at 10.00 a gallon.

They should have to pay for 100% of the cleanup, and restoration, and the 75 million dollar cap should be applied solely to the lawsuits brought forth to them do to destruction of property.
mcgraw_wv is offline   Reply With Quote
Old 05-27-2010, 08:03 AM   #6
Banned
 

Join Date: Mar 2008
Posts: 5,894
Default Re: BP Liability

Unequivocally yes. To the extent that BP ceases to exist as a profit-making entity, if necessary. Sue them to Bolivia!
apple strudel is offline   Reply With Quote
Old 05-27-2010, 08:04 AM   #7
Banned
 

Join Date: Mar 2008
Posts: 5,894
Default Re: BP Liability

Quote:
Originally Posted by mcgraw_wv View Post
If we were to put BP out of business with lawsuits, were looking at 10.00 a gallon.
How so? Sounds like one of those fear tactics that businesses throw out there.
apple strudel is offline   Reply With Quote
Old 05-27-2010, 08:07 AM   #8
In the Starting Line-up
 
mcgraw_wv's Avatar
 

Join Date: Feb 2008
Location: Jacksonville, FL
Posts: 2,257
My Mood: Inspired
Default Re: BP Liability

Quote:
Originally Posted by apple strudel View Post
How so? Sounds like one of those fear tactics that businesses throw out there.
Supply and Demand...

One of the largest producers of Oil is removed from the Market... demand will exceed supply.

Basic economics.

You could then say other companies would then purchase those wells and equipment used to transport... which is true, but you would have a logistical transition period where the supply chain isn't as efficient as it once was, causing an increase in price.
mcgraw_wv is offline   Reply With Quote
Old 05-27-2010, 08:08 AM   #9
Banned
 

Join Date: Mar 2008
Posts: 5,894
Default Re: BP Liability

Quote:
Originally Posted by mcgraw_wv View Post
Supply and Demand...

One of the largest producers of Oil is removed from the Market... demand will exceed supply.

Basic economics.

You could then say other companies would then purchase those wells and equipment used to transport... which is true, but you would have a logistical transition period where the supply chain isn't as efficient as it once was, causing an increase in price.
It doesn't add up - other oil companies will gobble up all the BP properties as eagerly as if Saudi Arabia was selling all of its oil fields. The supply might see a dip, but then it would continue apace. Come on. Also, BP would be producing throughout the duration of any and all lawsuits.

Last edited by apple strudel; 05-27-2010 at 08:09 AM..
apple strudel is offline   Reply With Quote
Old 05-27-2010, 08:17 AM   #10
In the Starting Line-up
 
mcgraw_wv's Avatar
 

Join Date: Feb 2008
Location: Jacksonville, FL
Posts: 2,257
My Mood: Inspired
Default Re: BP Liability

Quote:
Originally Posted by apple strudel View Post
It doesn't add up - other oil companies will gobble up all the BP properties as eagerly as if Saudi Arabia was selling all of its oil fields. The supply might see a dip, but then it would continue apace. Come on. Also, BP would be producing throughout the duration of any and all lawsuits.
Whatever you want to pretend the result would be doesn't make it true.

It would take months to sell off the refineries, and transition all the massive factories and ships, and everything else to other companies.

Your correct that eventually the price would settle back to normal levels once the supply chain is restored to today's current levels.

Last edited by mcgraw_wv; 05-27-2010 at 08:18 AM..
mcgraw_wv is offline   Reply With Quote
Reply

Bookmarks

Thread Tools
Display Modes


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Capping oil spill Liability Holy Diver Political Discussion 3 05-19-2010 04:19 PM
Palin a liability Patters Political Discussion 18 10-19-2008 05:47 PM
Has Watson become a liability? Alk PatsFans.com - Patriots Fan Forum 43 12-04-2006 01:13 AM
Is Kevin Faulk a Liability? mikey PatsFans.com - Patriots Fan Forum 28 09-26-2005 02:11 PM



All times are GMT -5. The time now is 04:55 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2013, vBulletin Solutions, Inc.
Search Engine Optimization by vBSEO 3.6.0 PL2

© Copyright 2000-2012. PatsFans.com Is a Partner of USA TODAY Sports Digital Properties.
The opinions posted in this forum do not necessarily reflect the opinions of our staff at PatsFans.com or USA Today.
We are not affiliated with the New England Patriots™ or the NFL™. The Photo Used In the header was taken by Ian Logue.

This site is owned and operated by I&K Internet Design Enterprises, LLC