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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 411.49+0.6%Jan 8 4:00 PM EST

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To: carranza2 who wrote (73684)4/29/2011 6:03:50 PM
From: Maurice Winn1 Recommendation  Read Replies (1) of 219166
 
<I love it when you play lawyer.> Haha, and I seem to do okay at it. If Lou Lupin had listened to me, Qualcomm would have avoided "no downside" disaster.

BP could have saved umpty $billions if they had listened to me back in 1986 to 1989 when I badgered them about environmental issues. They were already very serious about safety but they didn't seem to understand just how litigious the USA is and what vast sums of loot would be confiscated in the event of "supplying coffee too hot which spilled in a lap". There has still not been a class action suit over the huge harm done by lead in petrol. I suppose almost nobody understands what a huge cost there was to the harmed.

Knowing how hated "multinationals", "Big Oil", "aliens" are in the USA [and elsewhere] they should have been much more careful. Buying gasoline is a distress purchase, not a fun one. Buying an iPhone is fun and an excuse is needed to get an iPad too, and "Woohoo, let's load up at iTunes".

Nobody thinks, woohoo, the fuel gauge is low, let's swing by BP again and get another tank at $4 a gallon. They don't even say thank you or appreciate what talent, investment, and effort it takes to make that petrol flow through the nozzle into their car.

Presumably BP's lawyers had heard of the Oil Pollution Act and that ipso facto, infra vide, ultra vires, habeas corpus, inter alia they accepted the fact.

Pro bono,
Mqurice
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