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Gold/Mining/Energy : coastal caribbean (cco@)
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To: Bobby1418 who wrote (763)4/13/1999 9:31:00 PM
From: Edwin S. Fujinaka  Read Replies (1) of 4686
 
The notion of fighting to the bitter end appeals to some people, but I think the politicians have abandoned good sense to side with a bunch of radical environmentalists in this case. For them to run around passing new laws and making new administrative rules solely to prevent CCO from exercising their right to drill is clearly "bad faith" if not fraudulent dealing and there could be a case made for punitive damages in my opinion. I'm not a lawyer, and there may be specific prohibitions against punitive damages against the State Government, but I'll be willing to settle for whatever someone objective says is the actual value. I've been throwing around this figure of $100 Billion which is way beyond anything that I've ever heard mentioned before, but I'd really like to see what anyone else has to say in the face of the Oil & Gas Journal estimate of tens of billions of barrels of oil and the Michigan legal case outcome that resulted in the Miller Brothers collecting around $9/Barrel in the ground. Florida must now view the possible imposition of a $100 Billion judgement as a sort of "death penalty". So perhaps they have to fight to the bitter end or let CCO drill. My suggested settlement is sort of an alternative solution and I think that people ought to consider it.
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