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Politics : Formerly About Advanced Micro Devices

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To: Brumar89 who wrote (572293)	6/17/2010 6:01:37 PM
From: tejek	of 1575623

Hooker in fact even stated that the area should be sealed off "so as to prevent the possibility of persons or animals coming in contact with the dumped materials."[13] en.wikipedia.org In the Exxon case, the company paid all the actual damages. The $5B were punitive damages on top of the actual damages .... they fought those to the Supreme Court and won. Didn't know that about Hooker....thanks for the info. I will check out the complaint against Exxon and see what it says. I wasn't aware that it was on top of regular damages. I am sure you can understand my concern about BP not paying. I don't agree with you. I think they should be allowed to continue drilling so long as they take precautions and become better prepared to clean up after a spill. They can but some period, say 10 years, isn't in appropriate to me. The string of operating problems BP has had in recent years shows they need a major corporate culture change regarding operating risks. Other companies have shut down big expensive projects when things have gotten dangerous: "While gas surges are common in oil drilling, companies have abandoned wells if they determine the risk is too high. When a Gulf well known as Blackbeard threatened to blow out in 2006, Exxon Mobil Corp. shut the project down." The Blackbeard project mentioned above got attention in the local press as it was setting a drilling depth record - XOM and their partners put $200M into that before walking away. BTW I recall another company, McMoran, was going to try another go at it ... but don't know what happened there. Hasn't made news so they probably gave up too. Okay. I will defer to your expertise. I don't know the industry very well at all. There have been so many negative things said about BP I no longer know what's real and what isn't real.

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