The most BP can be fined for is $75 million, which doesn't even come close to what they've made off that oil rig. There's absolutely no incentive for them to change any practices unless something like the proposed $10 billion cap is enacted.
Obama admin slow to act on oil spill...
- Thread starter conntom
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B_talltpaguy
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I know this post was a response to Hazelgod, not me... But can you please quote the post of his you were responding to, because I can't figure out which one it is... Seriously. Thanks! (I want to be able to follow the discussion)
Quite clearly that is precisely where you have obtained your facts from,and it doesn't surprise me IN THE LEAST!!Yes, because I'm notorious for just pulling things out of my ass without bothering to research any facts...
This.
Bbucko
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B_talltpaguy
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B_talltpaguy
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Naval warships in a blockade aren't tied together in a line, or circles, or any other geometric shape...
Yeah, that's pretty much what ships participating in a naval blockade do. They patrol back and forth, back and forth (in certain patterns), and when they spot a ship, they make contact and find out what they're doing in the area. Then, they may choose to let them pass, reroute them, capture them, or maybe even sink them...
They absolutely DO NOT arrange ships end to end in a literal wall on the sea. I would venture to guess that's not even physically possible. The wave action and weather would eventually smash them to bits against one another.
HazelGod
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Right? I simply posted my viewpoint that BP doesn't possess the market muscle to force their costs onto consumers through price hikes, but crustybrains somehow interpreted this as some round endorsement of the oil industry's practices in general. The one really had nothing to do with the other. It's almost like he didn't understand what I was saying, but just fired off with his initial knee-jerk reaction anyhow...
B_talltpaguy
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^I'm certainly confused. I thought maybe he was bringing an old argument with you to this thread, or that I missed something somewhere in the course of this thread.
I'm still not getting what these people are talking about... Exactly how would BP be able to raise the price of crude on the global market without bankrupting itself? (If BP buys tons of extra oil, they go broke selling it at a loss... If they refuse to buy any and stop pumping their own, the price drops for a while and then they go bankrupt because they're not selling anything)
And if BP tries to unhinge the price of its gas from the global price of oil, or even if BP USA tries to unhinge from the domestic gasoline market, their competitors will be popping the champagne bottles the night before they line up at Federal court to buy BP's assets out of bankruptcy receivership.
And I really, really, really don't know what the hell the concept of "corporate monopolism" has to do with you espousing the viewpoint that a bad player like BP should be shut down and have its market share earned by companies with a more responsible business model. What you are advocating quite literally agrees with the idea that no one company should get too big, too amoral or too powerful for the sake of the overall marketplace.
I'm still not getting what these people are talking about... Exactly how would BP be able to raise the price of crude on the global market without bankrupting itself? (If BP buys tons of extra oil, they go broke selling it at a loss... If they refuse to buy any and stop pumping their own, the price drops for a while and then they go bankrupt because they're not selling anything)
And if BP tries to unhinge the price of its gas from the global price of oil, or even if BP USA tries to unhinge from the domestic gasoline market, their competitors will be popping the champagne bottles the night before they line up at Federal court to buy BP's assets out of bankruptcy receivership.
And I really, really, really don't know what the hell the concept of "corporate monopolism" has to do with you espousing the viewpoint that a bad player like BP should be shut down and have its market share earned by companies with a more responsible business model. What you are advocating quite literally agrees with the idea that no one company should get too big, too amoral or too powerful for the sake of the overall marketplace.
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Obama oil response: aggressive as crisis unfolded
he Gulf region, ravaged five years earlier by Hurricane Katrina, was on the verge of a second ecological disaster. Would there be a repeat of the bureaucratic bungling that marked President George W. Bush's response to the hurricane?While the Obama administration has faced second-guessing about the speed and effectiveness of some of its actions, a narrative pieced together by The Associated Press, based on documents, interviews and public statements, shows little resemblance to Katrina in either the characterization of the threat or the federal government's response.
The Associated Press: Obama oil response: aggressive as crisis unfolded
he Gulf region, ravaged five years earlier by Hurricane Katrina, was on the verge of a second ecological disaster. Would there be a repeat of the bureaucratic bungling that marked President George W. Bush's response to the hurricane?While the Obama administration has faced second-guessing about the speed and effectiveness of some of its actions, a narrative pieced together by The Associated Press, based on documents, interviews and public statements, shows little resemblance to Katrina in either the characterization of the threat or the federal government's response.
The Associated Press: Obama oil response: aggressive as crisis unfolded