BP Must Not Have Internet Access

[HOUSTON RICK]

Thing is that BP is only 65% owner of the lease, the frontline operator is Transocean, Anadarko and another outfit own 35%. These rigs and operations are insured and reinsured throughout the insurance industry. All the oil companies and insurance companies will pay and pass the cost on to you. Grab your ankles, folks.

 

[goldenlight]

Thing is that BP is only 65% owner of the lease, the frontline operator is Transocean, Anadarko and another outfit own 35%. These rigs and operations are insured and reinsured throughout the insurance industry. All the oil companies and insurance companies will pay and pass the cost on to you. Grab your ankles, folks.

You've sure got that part right. In the end, BP, Transocean, and the insurance companies WILL pass the cost on to us taxpayers, somehow or another. Likely, it will even be almost legal, too.

 

[LVSteve]

Even worse, watch what happens when the current administration go ahead with their plans to tighten the rules on drilling. Either:

1) The oil companies will casually mention that this will double the price of gas and then the new rules will go away or be hastily watered down,

OR

2) on hearing the news about gas prices the current administration seize on this a good way of getting us out of the cars and trucks we like to own.

Watch out!

 

[oldRoger]

One thing I have learned, and it was very hard to get it through my thick head. There is no money but that which you and I earn. If BP was dissolved today and the assets and liabilities disposed of (or seized), you and I would still be on the hook. Every time we pull up to the pump we will pay. If you took everything BP management has and converted it to $$ it might pay for a week in the Gulf.
When a politician says "we will make them pay", you and I are the "them". Corporations don't have big stack of money that they found somewhere and saved, the money comes from ongoing sales, in a word; what we buy from them. Their assets which we paid for in the first place would not last long.
Tax or fine the corporations is wonderful rhetoric which gets politicians elected but in the end corporations have no place to get money but from their customers, you and I.

Do I think BP is a wonderfully efficient organization? Hell no! Do I think the Feds could do a better job? No, I certainly do not. How could it be worse? Look at anything government runs.

 

[Fishslayer]

In the end, BP, Transocean, and the insurance companies WILL pass the cost on to us taxpayers, somehow or another. Likely, it will even be almost legal, too.

Don't worry. The Chosen One is a stickler for the law...