Blame game

[dmccarty]

Georgia isn't a Gulf State, but it's close.

Got me there!

Later,
Dan

 

[rekees4300]

Keith Olbermann quote "BP is the new BS"

 

[crusty 1]

I will say as the guy who started this,that we have a major problem with this spill.I won,t get into politics but what a mess!It,s going to be a long time till it,s taken care of and hope the fishermen and gulf folks will be ok.Plenty of blame to go around but as humans we best never let it happen again.Lives will be altered for who knows how long and as americans we best get behind everyone thats trying to get us whole again.We are a great country with many good and decent people all looking for a good out come.Lets hope it,s soon.Dave

 

[mjarrels]

Heard on the news yesterday... BP will file for bankrupacy within 30 days. That will take them off the hook for any responsibility.

mark

 

[bstrom]

Heard on the news yesterday... BP will file for bankrupacy within 30 days. That will take them off the hook for any responsibility.

mark

You sure about that? I've seen their share price is down by quite a bit and they may not pay the usual huge dividend to shareholders but nothing about bankruptcy. The dividend may be forced to go to the cleanup. They have tons of cash.

 

[LMTC]

Keith Olbermann quote "BP is the new BS"

Is this the same Keith Olbermann who likes to say he went to Cornell, and has stated that he has an Ivy league education? The Keith Olbermann who actually went to one of the University's state schools, the College of Agriculture and Life Science, where the acceptance rate, incoming grades, etc. are night and day different from the "real" Cornell? The Keith Olbermann who has a communications major from an ag school? Yeah...I would definitely trust him.

 

[rekees4300]

It's the same Keith Olbermann who has a show on MSNBC. Dunno what his credentials are or he claims to have. Regardless, "BP is the new BS" is funny and pretty much says it all.

 

[brin]

You sure about that? I've seen their share price is down by quite a bit and they may not pay the usual huge dividend to shareholders but nothing about bankruptcy. The dividend may be forced to go to the cleanup. They have tons of cash.

I just heard on Fox Business channel....BP only has $ 6 Billion in cash to pay an estimated $37 Billion in clean up and liability costs...They would have to sell assets...they were speculating that China may buy BP.

 

[crusty 1]

I just heard on Fox Business channel....BP only has $ 6 Billion in cash to pay an estimated $37 Billion in clean up and liability costs...They would have to sell assets...they were speculating that China may buy BP.

Bob the day was lookin good till I read your postDave

 

[brin]

Bob the day was lookin good till I read your postDave

Made me sick to Dave -- When I heard it I just shook my head.

 

[bstrom]

I just heard on Fox Business channel....BP only has $ 6 Billion in cash to pay an estimated $37 Billion in clean up and liability costs...They would have to sell assets...they were speculating that China may buy BP.

I believe that when I see it. Why would China want to buy into that mess?

 

[brin]

I believe that when I see it. Why would China want to buy into that mess?

Because China needs Oil...they are currently drilling for it just off Cuba's shore not far from us...but it is doubtful the US would allow China to buy BP since it supplies the Pentagon with all of it's oil...but China may buy some of BP's holdings outside the US. Who knows...I sure hope not.

 

[rekees4300]

BP only has $ 6 Billion in cash to pay an estimated $37 Billion in clean up and liability costs

Mr. Taxpayer bend over and grab your ankles, there's another bailout in the air.

 

[bstrom]

Mr. Taxpayer bend over and grab your ankles, there's another bailout in the air.

I think it's still pretty much a British company isn't it?

If the cleanup costs and lawsuits get big enough they could try to go bankrupt. I can't see a takeover by anyone though, to messy, to many unknowns cost wise right now.

 

[brin]

I think it's still pretty much a British company isn't it?

If the cleanup costs and lawsuits get big enough they could try to go bankrupt. I can't see a takeover by anyone though, to messy, to many unknowns cost wise right now.

40% of all BP stock is owned by Americans....many teachers , state pension funds as well as US mutual funds own millions of shares of stock...just so you know..

 

[bstrom]

40% of all BP stock is owned by Americans....many teachers , state pension funds as well as US mutual funds own millions of shares of stock...just so you know..

Yeah, I've read that - it's all over the place but as far as a bail out- I don't think the general US taxpayer would be footing that bill would they? I know how you guys think you will be paying taxes for everything that happens in the world having to do with the Obama Administration but I think that might be a Brit problem if its a Brit corp. I can see us ending up having to pay for some of the long term cleanup though and that sucks.

 

[crusty 1]

it,s a big complicated world and I wish I had an answer,but I don,t and doubt if anyone does.We pee-ons can only hope for the best.It,s too bad things have gotten to where they are ,but nothing we can do.Even my grand father used to say,it doesn,t mean a thing to the small guy who,s in charge our lives just don,t change.We,ve worked hard paid our taxes and its always going to be that way.Don,t want to be a downer as I,ve always tried to be up beat but this stuff is getting very old.I do believe in the end we,ll pay at the pump and in taxes and some will build new mansions,been the history through my lifetime.Sorry ,now lets do some humor ok?Dave

 

[dcyrilc]

Sorry ,now lets do some humor ok?Dave

Well, people have gone to the the La Brae Tar Pits in Cali for years...Now they can go to the Gulf Coast Tar Pits too.:thumbsup:

Best I can do tonight. I'm tired.

 

[charlz]

Yeah, I've read that - it's all over the place but as far as a bail out- I don't think the general US taxpayer would be footing that bill would they? I know how you guys think you will be paying taxes for everything that happens in the world having to do with the Obama Administration but I think that might be a Brit problem if its a Brit corp. I can see us ending up having to pay for some of the long term cleanup though and that sucks.

It would be a British problem if the oil were all over a British shore. Once BP runs out of cash we are on our own. I dunno if they will go bankrupt, they probably have a pretty good revenue stream. I have not really looked over the situation, I would imagine they carry some type of insurance for this?

Most likely they will stop paying at some point and it will be in the courts forever. Then they will have to pay some lump sum which will likely be a fraction of the true cost of the mess and its impacts.

 

[MossRoad]

Yet has any of us given up our thirst for oil because of this disaster? Probably not too many. I haven't. As I said before, I'm surprised gas prices have stayed relatively stable. I would have thought for sure they would have jumped over $3.00 a gallon the day after the rig sank.