LOL now thats irony...

[Drachen]

Honestly? Based on the information I have read I don't think BP will be found to be criminally negligent. Even if they WERE found to be criminally negligent based on existing law they would technically only be on the hook for 75 million. Despite all the posturing from the White House there was no way they could legally raise that limit after the fact.

Not true. They are on the hook for only $75 million ONLY if they are NOT criminally negligent. If they are found to be criminally negligent then the sky is the limit.

[CosmicCowboy]

Not true. They are on the hook for only $75 million ONLY if they are NOT criminally negligent. If they are found to be criminally negligent then the sky is the limit.

I'm not saying there wasn't a cascade of ups, but what law did they actually break?

[Drachen]

I'm not saying there wasn't a cascade of ups, but what law did they actually break?

I actually wasn't responding to if they are criminally negligent or not, (though from what I've read I believe the could be found so) I am however responding to the following statement that you made.

Even if they WERE found to be criminally negligent based on existing law they would technically only be on the hook for 75 million.

That statement is untrue. The 75 million dollar cap is only in cases of pure accident. Criminal negligence (like not following SOP regarding using mud instead of sea water) removes that cap.

[ChumpDumper]

Out of court legal settlements are done when there is a risk that if the case goes to trial that the trial outcome would be worse than the settlement. That wasn't the case here.

Actually, the case here is that BP knew it was going to pay out a load of money one way or another, so they agreed to put aside $20 billion toward that end. It doesn't even mean they are going to pay it all out.

This was never about whether to US government could legally force BP to give them 20 billion. They couldn't.

If you believe BP to be above the law, sure.

The robber/wallet analogy was a better description of what really happened.

In your fantasy world.

Why do you feel the need to apologize to BP?

[clambake]

it looks like they consistently bypassed procedures and ignored problems that were reported by personnel.

negligence is one thing........"willful negligence" is the rope that hangs you.

[ChumpDumper]

The great thing about this is that the claimed proponents of rugged individualism and personal responsibility are now demanding that US taxpayers pay all but $75 million for this disaster.

LOL now thats irony...

[CosmicCowboy]

The great thing about this is that the claimed proponents of rugged individualism and personal responsibility are now demanding that US taxpayers pay all but $75 million for this disaster.

LOL now thats irony...

Who said that? I didn't say the government should pay anything...BP has already said they are going to pay all legitimate claims and have already spent over 2 billion.

[clambake]

and not one peep about the missing billions in iraq.

[Drachen]

and not one peep about the missing billions in iraq.

try to focus. LOL

[clambake]

try to focus. LOL

thought i'd throw that out there and see if i could reel in a darrin utube.

[DarrinS]

The great thing about this is that the claimed proponents of rugged individualism and personal responsibility are now demanding that US taxpayers pay all but $75 million for this disaster.

LOL now thats irony...

Who ever said that?

[ChumpDumper]

Who ever said that?

Ask Cosmic Cowboy to post a YouTube.

Or read.

Or not.

[EmptyMan]