Will BP Actually Pay for the Gulf Coast Oil Spill?

Via The Ed Show on MSNBC:

7 Comments on "Will BP Actually Pay for the Gulf Coast Oil Spill?"

  1. longshuai | May 8, 2010 at 9:56 pm |

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  2. B.P. will pursue Transocean who will pursue Halliburton. Now the government actually gets to choose which corporation they will pursue, in fact that can directly tackle Halliburton via B.P. and then via Transocean. Not that this free B.P. from the ultimate cost but the government is far better off pursuing all three, bankrupting Halliburton first, then Transocean and then B.P. to ensure they get as much money as possible from those that profited by this disaster in the making, rather than tax payers and other victims footing the bill.

  3. On the issue of what the BP execs knew about the blow out preventers, a little different perspective.

    A corporation is a legal fiction entity. In doing business, the goal of that entity is to generate profits and try to stay afloat. Every decision is made in an effort to maximize profits, and is theoretically an educated guess. However, the reality is that some of the guesses are going to be wrong.

    An entity does not have a mind or a conscience similar to that of a human. Even though humans run corporations, corporations are separate and apart from humans, somewhere between a human and an inanimate object.

    Whereas a human will occasionally make a judgment call against his or her personal interest in pursuit of other goals, rarely will an entity do so because it is not really its money. It is the money or interests of others, the shareholders at risk, not the decision makers. It makes for a different dynamic.

    As a result, fines, penalties, and lawsuits have to be figured into the economic mix as necessary evils. An entity will try to minimize them, or delay them if possible, but they know that they are always just around the corner. It's the nature of dealing with an entity when you're engaged, and then walking away from it and trying to live a human life. A human being does not generally approach life in this fashion.

    Corporations are not human. They can't be. It's an inherent conflict of interest.

  4. Corinne YAWORSKI | Jun 30, 2010 at 7:36 am |

    angie774589-This seems to me the end of the United States on the east coast. This cutesy-news coverage masquerading as “We will fix it.” Is another Captilism-based comment from the rich and evil government. This whole thing is ridicilous. We should be praying
    to God, instead talking about money. How about life as we know it? The poor will suffer like we always have. The rich, I can tell as far as I know from research, the rich ILLIMINUI AND MASONS, FROM EVERY PRESIDENT OF the USA EXCEPT JFK and Nixon who were not Masons, have their New World Order almost intact. They have dug underground cities in Washington for the last fifty years. In fact all over the USA. dON’T LISTEN TO THE GOVERNMEt Nor BP. Satan is the controller of the world and our world leaders know it and are profiting from it.There is no way to stop this oil volcano, likened to the size of Mt. Everest. God Bless and keep reading God’s word. Pray. At this point, it’s the only way.

  5. Corinne YAWORSKI | Jun 30, 2010 at 2:36 am |

    angie774589-This seems to me the end of the United States on the east coast. This cutesy-news coverage masquerading as “We will fix it.” Is another Captilism-based comment from the rich and evil government. This whole thing is ridicilous. We should be praying
    to God, instead talking about money. How about life as we know it? The poor will suffer like we always have. The rich, I can tell as far as I know from research, the rich ILLIMINUI AND MASONS, FROM EVERY PRESIDENT OF the USA EXCEPT JFK and Nixon who were not Masons, have their New World Order almost intact. They have dug underground cities in Washington for the last fifty years. In fact all over the USA. dON'T LISTEN TO THE GOVERNMEt Nor BP. Satan is the controller of the world and our world leaders know it and are profiting from it.There is no way to stop this oil volcano, likened to the size of Mt. Everest. God Bless and keep reading God's word. Pray. At this point, it's the only way.

    • Hi Corinne!! It is Jane. Please look me up on Facebook. It would be great to talk to you. TY

  6. Janemc55 | Oct 4, 2010 at 2:42 am |

    Hi Corinne!! It is Jane. Please look me up on Facebook. It would be great to talk to you. TY

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