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re: BP has agreed to pay for restoration projects.
Posted on 5/1/13 at 2:21 pm to 34venture
Posted on 5/1/13 at 2:21 pm to 34venture
Yea I know, saw something awhile back that said if they are found gross neg they could be on the hook for 15+B, thats a lot of coin even for them. Not saying that number is correct just remember seeing it somewhere. Mexico is bringing new suits as well.
Posted on 5/1/13 at 2:24 pm to GREENHEAD22
If they are found grossly negligent the penalty per barrel spilled would bring them in the 17-20 billion range. If not grossly negligent, divide that number by 4. Still a lot, but not nearly best case for LA coast. If LA could get them to a settlement figure in the 13-16 range, they would be utterly stupid not to take it.
As for Terrebonne system: most f their islands were rebuilt even before Barataria, but their design lives are up and they are up shite creek being so far from the river and ship shoal for good sand sources. 30+ miles to dredge and pump is $$$$$$$$$. I suspect the Barataria focus will shift to diversions and barrier island building focus will shift back to Terrebonne over the next decade.
As for Terrebonne system: most f their islands were rebuilt even before Barataria, but their design lives are up and they are up shite creek being so far from the river and ship shoal for good sand sources. 30+ miles to dredge and pump is $$$$$$$$$. I suspect the Barataria focus will shift to diversions and barrier island building focus will shift back to Terrebonne over the next decade.
This post was edited on 5/1/13 at 2:28 pm
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