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Politics : Sioux Nation -- Ignore unavailable to you. Want to Upgrade?

To: SiouxPal who wrote (190927)	5/4/2010 2:33:59 PM
From: Wharf Rat	Read Replies (1) \| Respond to of 361761

Supposed to. With their insurance co, maybe Deepwater, HAL, the BOP manufacturer, cement producer.... == Bill McKibben writes: If that oil had traveled down a pipeline to a refinery and then into the fuel tank of a car, it would have wrecked the planet just as powerfully. We now realize, as we didn’t on the first Earth Day, that the slick of carbon dioxide spreading invisibly across the atmosphere is driving change on a massive scale: by raising the planet’s temperature, it’s melting everything frozen, raising the level of the ocean, powering ever stronger storms. In the Gulf, and in every other ocean on the planet, that extra carbon is turning seawater acid. You can’t see it, but it’s wrecking marine life far more effectively and insidiously even than the spreading oil. And there’s no way to prevent global warming with better valves. The only way is by ending our addiction to fossil fuel with great speed. Message 26509789

To: SiouxPal who wrote (190927)	5/4/2010 3:32:35 PM
From: cirrus	Read Replies (1) \| Respond to of 361761

BP first quarter was around $6 billion. Net Income last year was around $20 billion, per Yahoo Finance. BP can afford pretty much whatever the hit is.

To: SiouxPal who wrote (190927)	5/4/2010 4:08:28 PM
From: cirrus	Read Replies (1) \| Respond to of 361761

Dow -$224. BP +$1.01. BP goes ex-dividend tomorrow... that might account for some of the pop. However, the market seems to think this spill won't be the disaster initially suggested... BP is suggesting that injection if dispersants under water is helping, the light crude breaking down in the warm water, minimal amounts have come ashore so far, the dome will be in place ahead of schedule... guarded optimism seems to be the word.

To: SiouxPal who wrote (190927)	5/4/2010 7:40:41 PM
From: S. maltophilia	Read Replies (1) \| Respond to of 361761

<<Will the oil company really HAVE to pay for the damages?>> Nope. We will: ...§1004 The liability for tank vessels larger than 3,000 gross tons is increased to $1,200 per gross ton or $10 million, whichever is greater. Responsible parties at onshore facilities and deepwater ports are liable for up to $350 millon per spill; holders of leases or permits for offshore facilities, except deepwater ports, are liable for up to $75 million per spill, plus removal costs. The Federal government has the authority to adjust, by regulation, the $350 million liability limit established for onshore facilities. epa.gov Of course, nothing prevents states affected from acting under their own laws (§1018(a),§1019). No doubt Louisiana, Mississippi, etc. have powerful legislation in place.... And private interests are also welcome to piss into the wind forever: portfolio.com