BP Agrees to Set Aside About $20 Billion for Spill Claims
The oil disaster in the Gulf of Mexico is a corporate crime whose magnitude almost defies comprehension. The eventual cost—combining damage to complex Gulf and coastal ecosystems, wiping out of the fishing and tourism industries, and long-term health consequences for the population of the region—is likely to total over $1 trillion.
The explosion that destroyed the Deepwater Horizon drilling rig, killed 11 workers and began the massive and continuing flow of oil was not an “accident,” but the product of willful corporate cost-cutting and negligence. Further evidence of this fact was provided Monday in documents released by the House Energy and Commerce Committee. One document was an email from a BP engineer, Brian Morel, on April 14, six days before the explosion, in which he described the rig as a “nightmare well which has everyone all over the place.”
An accompanying letter from the committee detailed decisions made by BP officials during the days leading up to the disaster. “The common feature of these five decisions is that they posed a trade-off between cost and well safety,” the letter said. “Time after time, it appears that BP made decisions that increased the risk of a blowout to save the company time or expense.”
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This article is incorrect.
ReplyDeleteThe financial damage is more than the entire worth of the Rothschild family.
You can bet your bobby socks it will be paid in full! (Big Obama Type Reassuring Smile)
No big surprise here that BP always choose saving time and money over safety ... probably all corporations do the same thing. They only care about money not people, not the planet, not your children, not anything other then money.
ReplyDeleteObama has how many Goldman Suks people in his cabinet and did Goldman Suks sell 44% of it BP stock.
http://www.blacklistednews.com/?news_id=9027
Evidence of a complex system in collapse: a nine-inch hole in the ground creates a TRILLION dollars in damage and mass extinction of life. Before this vulnerability was revealed, we were made to believe that only a nine pound chunk of plutonium could create this much damage. Thousands of these holes exist, ready to detonate and unleash the destructive power of a nuclear bomb. It is time to fill in these holes and begin a renewable energy program - or, to begin Bill Gates' massive global depopulation program.
ReplyDeleteI'm waiting for BP to say FU to the US and just go out of business here.
ReplyDelete"(Left) Gov. Charlie Crist checks a Florida beach for signs of oil."
ReplyDeleteThe only oil he seems to be looking for is the suntan oil on the asses of those two fine ladies...
"Now tell me, Billy- have you ever seen a grown man naked?" lol lol
ReplyDelete"(Left) Gov. Charlie Crist checks a Florida beach for signs of oil."
ReplyDeleteo my look at that oily a$$ this is horrific!
any boys on the beach!
How come that the "marxist Commie"did not take the chance to nationalise BP ?
ReplyDeleteCould it be he is a paid puppet in the pockets of the Corporate State and does what he is told?
20 billion to be "set aside to cover perhaps a $ Trillion in damages claims managed by an "independent"appointee.
A judge of the same type that reduced the payouts for the Exxon Valdez Alaska mess claims after about 20 years of litigation?
Or the Judge that managed settlement of 9/11 claims with "waivers" of further claims to ensure the claims never reached the criminal courts?
Funny sort of warmongering for Empire "Lefty Marxist"?
Looks more like a protection racket from a Corporate State Puppet to me!
She has a flabby ass and inner thighs. It might look better without the butt caulk, or maybe a dress over it.
ReplyDelete“This escrow fund only covers Gulf of Mexico residents. What, one wonders, will happen to residents of Atlantic states once the oil imperils their beaches and livelihoods for years to come?”
ReplyDeletehttp://theautomaticearth.blogspot.com/
And what self centered American or President cares about the peoples or environment of the Third World countries in the Gulf,Mexico , Cuba and the Caribbean countries anyway?
The Third world will get screwed again without compensation .
America Is no help .
Business as normal?
Nice butt
ReplyDeletePee BO has the United States domestic oil industry in his sites. It makes no difference he does not know come here from sicum about it, he will get a panel of experts led by a nobel prize winner to take over this industry.
ReplyDeleteI only hope so, then I can be as lazy as the rest of the government employees
Or the Judge that managed settlement of 9/11 claims with "waivers" of further claims to ensure the claims never reached the criminal courts?
ReplyDeleteYep.
Surprise ,surpise!
"Marxist" Obama has put The very same "independant" Bush appointee on the job of managing claims for BP.