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Posted on 5/19/10 at 1:07 pm to White Roach
This is a much, much bigger deal. The liability exposure potentially exceeds the assets of the company. Think of the property located on the Gulf of Mexico and South Florida. Think of the economic loss from loss of income from livelihoods, loss of property, enviornmental cleanup, etc. There is no comparison with the oil spill in Alaska.
Posted on 5/19/10 at 2:41 pm to White Roach
quote:
Just like Exxon went "broke" after the Exxon Valdez spill?
Valdez occurred because a drunk tanker captain ran his ship aground, not because Exxon themselves ignored iffy pressure tests & took unnecessary risks for expediency.
not to mention that Prince William Sound <=> 5 states
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