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Debates Forum

Debates Forum

  1. Standard member avalanchethecat
    Not actually a cat
    29 Apr '10 18:12
    Hand up everyone who thinks BP's gonna be footing the bill for that little mess...
  2. 29 Apr '10 18:16 / 1 edit
    Hannover (Germany insurance co.) is looking at 40M Euro payout for the oil rig, tentatively.
  3. 29 Apr '10 18:18
    http://www.cbsnews.com/stories/2010/04/29/national/main6444311.shtml
  4. 01 May '10 00:26
    Originally posted by avalanchethecat
    Hand up everyone who thinks BP's gonna be footing the bill for that little mess...
    I know they are gonna foot the bill....
  5. Standard member spruce112358
    Democracy Advocate
    01 May '10 05:59
    As a capitalist, let's look at the contract: BP asserted over and over that they could do such drilling safely. They asserted that in the unlikely event of a spill, oil would be unlikely to reach the coast because it could be easily contained. That's their contract with the American people (via the government) who granted them the license to do such drilling.

    Capitalists take contracts extremely seriously. The whole free market system rests on them. One of the primary justifications for the existence of government is to enforce such contracts.

    So -- as a capitalist and a supporter of business and free enterprise -- BP needs to make good the environmental damage including costs of clean-up, damage to the tourist industry, damage to the fishing industry -- the whole deal.

    When you are in business and take risks, these things happen.
  6. Subscriber Sleepyguy
    Reepy Rastardly Guy
    01 May '10 06:20
    Originally posted by spruce112358
    When you are in business and take risks, these things happen.
    Well, unless you're a big bank, or a car manufacturer with a bunch of union employees. That's different.
  7. Standard member avalanchethecat
    Not actually a cat
    01 May '10 10:19
    Originally posted by peanutpicker61
    I know they are gonna foot the bill....
    Doubt it. It'll be insurance, and where do they get their money from? Why, us peasants, of course.
  8. Standard member wolfgang59
    Infidel
    01 May '10 10:34
    Originally posted by avalanchethecat
    Doubt it. It'll be insurance, and where do they get their money from? Why, us peasants, of course.
    And where do the peasants get their money?
  9. Standard member avalanchethecat
    Not actually a cat
    01 May '10 11:05
    Originally posted by wolfgang59
    And where do the peasants get [b]their money?[/b]
    It's what our chains are made of.
  10. Subscriber no1marauder
    It's Nice to Be Nice
    01 May '10 13:26
    "Drill, baby drill!" as the right wingers like to say.

    Seems like right wing hero Bobby Jindal has altered his view about the unnecessary federal nanny state; he wants the feds to bail out the Louisiana commercial fishing industry.
  11. Subscriber no1marauder
    It's Nice to Be Nice
    01 May '10 13:29
    Originally posted by spruce112358
    As a capitalist, let's look at the contract: BP asserted over and over that they could do such drilling safely. They asserted that in the unlikely event of a spill, oil would be unlikely to reach the coast because it could be easily contained. That's their contract with the American people (via the government) who granted them the license to do such dri ...[text shortened]... g industry -- the whole deal.

    When you are in business and take risks, these things happen.
    "Capitalists take contracts extremely seriously" when it is to their financial benefit to do so. When it isn't; not so much. I expect that BP has a army of lawyers already retained to fight to reduce their financial liability as much as possible for as long as possible.
  12. 01 May '10 15:30
    Originally posted by avalanchethecat
    Hand up everyone who thinks BP's gonna be footing the bill for that little mess...
    Yep, just like Exxon did in Alaska. Foot the bill for an army of lawyers to drag it thru the courts for years until they exhaust the finances and will of anyone inclined to fight them and then appeal for mercy to the supreme court.

    BTW - have you been to southern Louisiana? The devastation wrought since the 40s will never be repaired and no one will ever be held responsible.
  13. 01 May '10 16:56 / 1 edit
    Originally posted by peanutpicker61
    I know they are gonna foot the bill....
    As Joe Shmoe taxpayer pays for higher rates at the pump. LOL.

    I think it is high time to convert our cars to natty gas!!

    I suppose this is the best news environmentalists have heard since cap-and-trade. Now lets increase fuel rates!!
  14. Standard member spruce112358
    Democracy Advocate
    01 May '10 18:51
    Originally posted by no1marauder
    "Capitalists take contracts extremely seriously" when it is to their financial benefit to do so. When it isn't; not so much. I expect that BP has a army of lawyers already retained to fight to reduce their financial liability as much as possible for as long as possible.
    It isn't capitalists who conceived that government should be unable to deliver swift, sure justice.

    That notion was achieved by the highly self-interested American Bar Association lobbying a lumbering Big Government that is so busy trying to "redistribute wealth" that it has completely forgotten what it was created to do.
  15. Subscriber no1marauder
    It's Nice to Be Nice
    01 May '10 20:13 / 1 edit
    Originally posted by spruce112358
    It isn't capitalists who conceived that government should be unable to deliver swift, sure justice.

    That notion was achieved by the highly self-interested American Bar Association lobbying a lumbering Big Government that is so busy trying to "redistribute wealth" that it has completely forgotten what it was created to do.
    If that makes you sleep better at night, fine.

    Anyone who thinks that capitalists and their cronies don't make the rules in the USA is deluded.