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re: obama comment about moratorium...........

Posted on 6/4/10 at 4:04 pm to
Posted by ItTakesAThief
Scottsdale, Arizona
Member since Dec 2009
9264 posts
Posted on 6/4/10 at 4:04 pm to

From listening to Obama's comments today,

1) Sounds like they are really going to clean up the oil and gas offshore drilling industry before they move forward.

2) It sounds like they are starting to "get it" and are gonna hold BP's feet to the fire on paying for all of the damage they caused.

I especially liked his comments on BP paying out 10.5 Billion in dividends to its shareholders for this QUARTER and 500 million on image advertising but still stonewalling and nickel and diming the people making claims for damage. I hope he holds their feet to the fire.
Posted by udtiger
Over your left shoulder
Member since Nov 2006
99311 posts
Posted on 6/4/10 at 4:16 pm to
quote:

1) Sounds like they are really going to clean up the oil and gas offshore drilling industry before they move forward.


Translation: the moratorium is going to be far longer than 6 months.

quote:

2) It sounds like they are starting to "get it" and are gonna hold BP's feet to the fire on paying for all of the damage they caused.


I certainly hope that the legal scholar that is Obama realizes that exactly what damages BP is responsible for is a question of LAW and will have to be decided by a court of law. BP is not just going to roll over and say "we'll pay for every hangnail that anyone claims was our fault."

quote:

I especially liked his comments on BP paying out 10.5 Billion in dividends to its shareholders for this QUARTER and 500 million on image advertising but still stonewalling and nickel and diming the people making claims for damage. I hope he holds their feet to the fire.


Newsflash Barry...BP has a fiduciary responsibility to its shareholders and, I suspect, pursuant to the Articles of Incorporation and operative by-laws, was REQUIRED to pay that dividend.

But, hey...you feel free to keep grandstanding and talking out of your fricking arse.
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