Stramash Posted June 16, 2010 Report Share Posted June 16, 2010 Interesting to see how the ''third party'' dish out the dollar. Will it be hand over fist just to spite BP or will they be tight as a ducks butt to avoid any reverse legal action from BP. as Kenneth Feinberg has been appointed to administer the escrow fund, I would imagine it would be a fair and transparent process. He seemd to handle the 9/11 fund well, not to mention working for nearly 3 years for no fees! Looks like a good choice. Link to comment Share on other sites More sharing options...
Stramash Posted June 16, 2010 Report Share Posted June 16, 2010 US demands right to self-pollute via oil that is burnt, not spilled The US is today expected to renew its demand for the right to pollute itself through the burning of oil in unnecessarily large engines, rather than having the liquid version dumped on its shoreline. With the Gulf of Mexico spill showing no signs stopping any time soon, millions of Americans are longing for the halcyon days when US oil pollution was caused by their oversized station wagons and a steadfast refusal to walk anywhere. Dwight Schultz, 45, told us, “We have the right poison ourselves in a manner of our choosing, and BP have taken that right away from us, the right of every American to pollute the land as it sees fit. It’s in the constitution - probably.†“Seeing all that oil washed up on the shore brought a tear to my eye - that amount of oil could easily have kept our nations Humvees running for at least a week.†“And now that delicious oil won’t power a single US vehicle. It’s a tragedy of unprecedented scale - Obama was absolutely right when he said it was this region’s 9/11.†Punishment President Obama has publicly stated that BP will be held financially accountable for ensuring that all Americans in the gulf region can return to their pre-spill self-polluting ways, no matter the cost. He told White House reporters, “This nation has a proud history of self-pollution, and we will ensure that BP pays whatever is necessary so that the people of the gulf can get back burning toxic substances in order to power unnecessarily large vehicles on ridiculously short journeys just as soon as possible.†One gulf resident told British reporters, “How dare BP come over hear and kill our fish, when that oil could have been put through a US engine, burned, vaporised and inhaled by our nation’s children - it is an absolute disgrace.†“How would you like it if we all came over to that there London and told you folks how to go about poisoning yourselves, hmmm?†na :twisted: Link to comment Share on other sites More sharing options...
DJTX Posted June 16, 2010 Report Share Posted June 16, 2010 US demands right to self-pollute via oil that is burnt, not spilledThe US is today expected to renew its demand for the right to pollute itself through the burning of oil in unnecessarily large engines, rather than having the liquid version dumped on its shoreline. With the Gulf of Mexico spill showing no signs stopping any time soon, millions of Americans are longing for the halcyon days when US oil pollution was caused by their oversized station wagons and a steadfast refusal to walk anywhere. Dwight Schultz, 45, told us, “We have the right poison ourselves in a manner of our choosing, and BP have taken that right away from us, the right of every American to pollute the land as it sees fit. It’s in the constitution - probably.†“Seeing all that oil washed up on the shore brought a tear to my eye - that amount of oil could easily have kept our nations Humvees running for at least a week.†“And now that delicious oil won’t power a single US vehicle. It’s a tragedy of unprecedented scale - Obama was absolutely right when he said it was this region’s 9/11.†Punishment President Obama has publicly stated that BP will be held financially accountable for ensuring that all Americans in the gulf region can return to their pre-spill self-polluting ways, no matter the cost. He told White House reporters, “This nation has a proud history of self-pollution, and we will ensure that BP pays whatever is necessary so that the people of the gulf can get back burning toxic substances in order to power unnecessarily large vehicles on ridiculously short journeys just as soon as possible.†One gulf resident told British reporters, “How dare BP come over hear and kill our fish, when that oil could have been put through a US engine, burned, vaporised and inhaled by our nation’s children - it is an absolute disgrace.†“How would you like it if we all came over to that there London and told you folks how to go about poisoning yourselves, hmmm?†na :twisted: OH, I guess the UK stopped driving cars, stopped using oil :evil: Link to comment Share on other sites More sharing options...
DANNO Posted June 17, 2010 Report Share Posted June 17, 2010 Interesting to see how the ''third party'' dish out the dollar. Will it be hand over fist just to spite BP or will they be tight as a ducks butt to avoid any reverse legal action from BP. as Kenneth Feinberg has been appointed to administer the escrow fund, I would imagine it would be a fair and transparent process. He seemd to handle the 9/11 fund well, not to mention working for nearly 3 years for no fees! Looks like a good choice. +1 I had forgotten his name in my earlier post... yes he carries a lot of credibility from the 9/11 Fund Link to comment Share on other sites More sharing options...
Bruce551 Posted June 17, 2010 Author Report Share Posted June 17, 2010 Interesting to see how the ''third party'' dish out the dollar. Will it be hand over fist just to spite BP or will they be tight as a ducks butt to avoid any reverse legal action from BP. as Kenneth Feinberg has been appointed to administer the escrow fund, I would imagine it would be a fair and transparent process. He seemd to handle the 9/11 fund well, not to mention working for nearly 3 years for no fees! Looks like a good choice. +1 I had forgotten his name in my earlier post... yes he carries a lot of credibility from the 9/11 Fund +1 Link to comment Share on other sites More sharing options...
beej Posted June 17, 2010 Report Share Posted June 17, 2010 http://www.opensecrets.org/news/2010/06/numerous-congressional-members-deep.html Link to comment Share on other sites More sharing options...
Bruce551 Posted June 17, 2010 Author Report Share Posted June 17, 2010 Chicago-Style Political Shakedown http://rsc.tomprice.house.gov/News/DocumentSingle.aspx?DocumentID=191125 Washington, Jun 16 - Republican Study Committee Chairman Tom Price (R-GA) issued the following statement after the White House announced it had reached a deal with BP to require the oil company to place $20 billion into an escrow fund to pay claims filed against the company in the wake of the Gulf oil spill. “We all agree that BP should be held fully responsible for its complicity in the oil tragedy in the Gulf,†said Chairman Price. “In fact, BP has already begun paying claims. Any attempt by the company to sidestep that responsibility should be met with the strongest legal recourses available. However, in an administration that appears not to respect fundamental American principles, it is important to note that there is no legal authority for the President to compel a private company to set up or contribute to an escrow account. “BP’s reported willingness to go along with the White House’s new fund suggests that the Obama Administration is hard at work exerting its brand of Chicago-style shakedown politics. These actions are emblematic of a politicization of our economy that has been borne out of this Administration’s drive for greater power and control. It is the same mentality that believes an economic crisis or an environmental disaster is the best opportunity to pursue a failed liberal agenda. The American people know much better.†How can any "Sane" person negotiate with people like this. Link to comment Share on other sites More sharing options...
eagle Posted June 17, 2010 Report Share Posted June 17, 2010 Chicago-Style Political Shakedownhttp://rsc.tomprice.house.gov/News/DocumentSingle.aspx?DocumentID=191125 Washington, Jun 16 - Republican Study Committee Chairman Tom Price (R-GA) issued the following statement after the White House announced it had reached a deal with BP to require the oil company to place $20 billion into an escrow fund to pay claims filed against the company in the wake of the Gulf oil spill. “We all agree that BP should be held fully responsible for its complicity in the oil tragedy in the Gulf,†said Chairman Price. “In fact, BP has already begun paying claims. Any attempt by the company to sidestep that responsibility should be met with the strongest legal recourses available. However, in an administration that appears not to respect fundamental American principles, it is important to note that there is no legal authority for the President to compel a private company to set up or contribute to an escrow account. “BP’s reported willingness to go along with the White House’s new fund suggests that the Obama Administration is hard at work exerting its brand of Chicago-style shakedown politics. These actions are emblematic of a politicization of our economy that has been borne out of this Administration’s drive for greater power and control. It is the same mentality that believes an economic crisis or an environmental disaster is the best opportunity to pursue a failed liberal agenda. The American people know much better.†How can any "Sane" person negotiate with people like this. Karl Rove style politics. They just make **** up to sound bad and there are millions of idiots just waiting for someone to tell them what to think. Did you know Obama married a black woman :shock: Link to comment Share on other sites More sharing options...
Stramash Posted June 17, 2010 Report Share Posted June 17, 2010 US demands right to self-pollute via oil that is burnt, not spilledThe US is today expected to renew its demand for the right to pollute itself through the burning of oil in unnecessarily large engines, rather than having the liquid version dumped on its shoreline. With the Gulf of Mexico spill showing no signs stopping any time soon, millions of Americans are longing for the halcyon days when US oil pollution was caused by their oversized station wagons and a steadfast refusal to walk anywhere. Dwight Schultz, 45, told us, “We have the right poison ourselves in a manner of our choosing, and BP have taken that right away from us, the right of every American to pollute the land as it sees fit. It’s in the constitution - probably.†“Seeing all that oil washed up on the shore brought a tear to my eye - that amount of oil could easily have kept our nations Humvees running for at least a week.†“And now that delicious oil won’t power a single US vehicle. It’s a tragedy of unprecedented scale - Obama was absolutely right when he said it was this region’s 9/11.†Punishment President Obama has publicly stated that BP will be held financially accountable for ensuring that all Americans in the gulf region can return to their pre-spill self-polluting ways, no matter the cost. He told White House reporters, “This nation has a proud history of self-pollution, and we will ensure that BP pays whatever is necessary so that the people of the gulf can get back burning toxic substances in order to power unnecessarily large vehicles on ridiculously short journeys just as soon as possible.†One gulf resident told British reporters, “How dare BP come over hear and kill our fish, when that oil could have been put through a US engine, burned, vaporised and inhaled by our nation’s children - it is an absolute disgrace.†“How would you like it if we all came over to that there London and told you folks how to go about poisoning yourselves, hmmm?†na :twisted: OH, I guess the UK stopped driving cars, stopped using oil :evil: ho hum. It's a satirical news item mate, not a serious political comment... Though to be fair.... :wink: Link to comment Share on other sites More sharing options...
digitalcat Posted June 17, 2010 Report Share Posted June 17, 2010 Link to comment Share on other sites More sharing options...
Bruce551 Posted June 17, 2010 Author Report Share Posted June 17, 2010 Editorial BP Begins to Ante Up 16 June 2010 http://www.nytimes.com/2010/06/17/opinion/17thu1.html?hp Given the size of the disaster in the Gulf of Mexico, we suspect that $20 billion may not be enough to compensate all of the people whose lives and futures have been derailed by the spill. But it’s a good start. It took days of very public pressure from President Obama and countless hours of private negotiations, but BP finally agreed on Wednesday to put $20 billion in an independently managed compensation fund. After meeting with the company’s top executives at the White House, Mr. Obama stressed that the amount is not a ceiling on BP’s obligations, which by some estimates could exceed $40 billion when the costs of cleaning the spill and restoring the gulf’s damaged ecosystem are also factored in. “The people of the gulf have my commitment that BP will meet its obligations,†the president declared, adding that the agreement would not pre-empt any claims in court. BP did not publicly address the issue of a cap, but its chairman, Carl-Henric Svanberg, did apologize “to the American people†and vowed to “look after the people affected†and “repair the damage to this region and the economy.†There are a lot of reasons, of course, not to trust BP. The company insisted for years that it was ready to deal with a huge oil spill in the gulf, and it was completely unprepared. After the blowout on the Deepwater Horizon rig, it downplayed the size of the spill, starting with 1,000 barrels a day, then moving to 5,000, then — as its tallies became less and less credible — turning over the job of estimating to government scientists. Their present estimate is as much as 60,000 barrels a day. When President Obama first started pressing for an escrow fund, and a suspension of dividend payments to BP’s shareholders, the company pushed back hard, rallying British politicians to argue that they were being unfairly roughed up by the Americans. Mr. Svanberg appears to have decided that fessing up and anteing up is now the best course. On Wednesday, BP also announced that it would suspend dividend payments of about $7.5 billion over the next three quarters — in effect giving gulf residents higher priority over its own stockholders. It also agreed to set aside an additional $100 million to pay workers idled by Mr. Obama’s suspension of deep-water drilling in the gulf. This should relieve the pressure on the president to resume that drilling. Having $20 billion in guarantees should reassure the spill’s victims, and all Americans, that BP will not be able to walk away from its responsibilities. It is also reassuring that the fund will be managed by Kenneth Feinberg, a veteran administrator who won high marks for overseeing the 9/11 victims’ compensation fund. Mr. Feinberg’s task then — determining the value of a life, in nearly 3,000 cases — was extraordinarily daunting. This one will involve many more claims from many more people. There is not a lot of time for Mr. Feinberg to get up to speed. BP is currently handling individual claims and has been criticized for uneven treatment and not responding quickly enough to people who could be weeks or even days away from losing their businesses. The White House will need to keep pressing BP hard. The agreement gives the company several years to deposit the $20 billion in order to manage its cash flow and not scare off investors. It must be held to that timetable. And it must begin making provisions to ensure a full payout of the billions more in cleanup and restoration costs and civil penalties under the Clean Water Act that are also its responsibility. We would like to think the battle is over. It is not. Claims in the 1989 Exxon Valdez case were not finally adjudicated until two years ago, and there is still oil on the rocks of Prince William Sound. Link to comment Share on other sites More sharing options...
beej Posted June 17, 2010 Report Share Posted June 17, 2010 Shares jumped 8% on the news, think shareholders are feeling more relaxed about the situation now. Link to comment Share on other sites More sharing options...
eagle Posted June 17, 2010 Report Share Posted June 17, 2010 We would like to think the battle is over. It is not. Claims in the 1989 Exxon Valdez case were not finally adjudicated until two years ago, and there is still oil on the rocks of Prince William Sound. Impressive number but broken down to the thousands effected and the natural world devastated it gets smaller and smaller. Oil doesn't just go away its there to stay ! Link to comment Share on other sites More sharing options...
Bruce551 Posted June 17, 2010 Author Report Share Posted June 17, 2010 Cutting a deal with the Pres. was smart move BP's part, makes them "look" responsible and in control. Link to comment Share on other sites More sharing options...
eagle Posted June 17, 2010 Report Share Posted June 17, 2010 Cutting a deal with the Pres. was smart move BP's part, makes them "look" responsible and in control. and 20 billion for them is a great deal. should really have been pay until job is done and dip the bastards in oil daily :twisted: Link to comment Share on other sites More sharing options...
beej Posted June 17, 2010 Report Share Posted June 17, 2010 Twas a good deal for both sides, but like you say its going to drag on in every way for a great deal of time. Link to comment Share on other sites More sharing options...
beej Posted June 17, 2010 Report Share Posted June 17, 2010 Live stream from Congress... http://www.c-span.org/Watch/C-SPAN3.aspx Link to comment Share on other sites More sharing options...
beej Posted June 17, 2010 Report Share Posted June 17, 2010 Still slipping in British Petroleum the sneaky jibing bastards. Link to comment Share on other sites More sharing options...
beej Posted June 17, 2010 Report Share Posted June 17, 2010 Tony Hayward is sitting there looking like he wished he was never born..... every one of Americas problems are being blamed on him now, I'm sure he's to blame for the Health Care mess too! Link to comment Share on other sites More sharing options...
drlovelife8 Posted June 17, 2010 Report Share Posted June 17, 2010 Tony Hayward is sitting there looking like he wished he was never born..... every one of Americas problems are being blamed on him now, I'm sure he's to blame for the Health Care mess too! And 9/11, it was BP fuel in the planes. Link to comment Share on other sites More sharing options...
beej Posted June 17, 2010 Report Share Posted June 17, 2010 Tony Hayward is sitting there looking like he wished he was never born..... every one of Americas problems are being blamed on him now, I'm sure he's to blame for the Health Care mess too! And 9/11, it was BP fuel in the planes. I'm sure there is an Al Qaeda link in there. Link to comment Share on other sites More sharing options...
DANNO Posted June 17, 2010 Report Share Posted June 17, 2010 Cutting a deal with the Pres. was smart move BP's part, makes them "look" responsible and in control. and 20 billion for them is a great deal. should really have been pay until job is done Not necessarily Jerry...they have this amount of chips already on the table ---and both true and false claims will go for their perceived piece. @ this point have they done that amount of damage? and by whose set of values? ( the third party will decide) 2 this point none of "US" can measure the damage or the cost can we? In any case , at least by the President's speech, he intends to charge BP --"until job is done" .... your a citizen ...hold him to that! Buy a share of BP stock and voice your dissatisfaction as an owner to management... get in the game Link to comment Share on other sites More sharing options...
DANNO Posted June 17, 2010 Report Share Posted June 17, 2010 Tony Hayward is sitting there looking like he wished he was never born..... every one of Americas problems are being blamed on him now, I'm sure he's to blame for the Health Care mess too! Absolutely! It must be some ones fault ... poor Tony ...they didn't explain to him when he took the job... it wasn't just caviar and Moet Or poorly thought out responses and incident strategies might follow him home... wait now, I have sat in a conference room with a multi-national oil VP who knew in a major f*ck-up he might be invited to see the Judge much of it will be unfair ...to him ...but as it is said : that's why ya get payed the big bucks (pounds).......... hard to weep for the man :? Link to comment Share on other sites More sharing options...
beej Posted June 17, 2010 Report Share Posted June 17, 2010 This congress **** is just $$$$ and $$$$ anything about the environment? nooo lets talk more about the $$$$ impact. Link to comment Share on other sites More sharing options...
DJTX Posted June 17, 2010 Report Share Posted June 17, 2010 This congress sh*t is just $$$$ and $$$$ anything about the environment? nooo lets talk more about the $$$$ impact. Pssst - $$$$ is what gets them elected... Link to comment Share on other sites More sharing options...
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