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Message
re: BP says it will pay for Gulf spill's cleanup
Posted on 5/3/10 at 12:58 pm to SlowFlowPro
Posted on 5/3/10 at 12:58 pm to SlowFlowPro
I read a report today that they already estimate this to cost more than Exxon's spill. That number was $8.9 billion.
2
Posted on 5/3/10 at 12:59 pm to Gaston
Also just saw that Louisiana has a 2.5 billion per year fishing industry.
Posted on 5/3/10 at 12:59 pm to Gaston
quote:
I read a report today that they already estimate this to cost more than Exxon's spill. That number was $8.9 billion.
what costs? the cleanup?
i think the total settlement in the valdez case came to under $300M (without taking punitive damages into account)
Posted on 5/3/10 at 1:00 pm to SlowFlowPro
quote:
i think the total settlement in the valdez case came to under $300M (without taking punitive damages into account)
i think exxon is still paying...could be wrong though
Posted on 5/3/10 at 1:01 pm to lsugradman
quote:
So if you get hurt on the job then you should have to pay for medical expenses and not the company who hired you and put you in a situation where you got injured?
this is not the same thing. I'm sorry.
what you're talking about falls under worker's compensation.
this is nowhere near that.
Posted on 5/3/10 at 1:05 pm to SlowFlowPro
Looks like cleanup was 3.5 billion and the rest is court settlements, which may or may not have actully been paid.
https://www.guardian.co.uk/environment/2010/apr/30/bp-cost-deepwater-horizon-spill
Most things I read now say that this well is spewing out way more oil than reported, 5000 barrels a day. >10 million gallons so far.
LINK
https://www.guardian.co.uk/environment/2010/apr/30/bp-cost-deepwater-horizon-spill
Most things I read now say that this well is spewing out way more oil than reported, 5000 barrels a day. >10 million gallons so far.
LINK
Posted on 5/3/10 at 1:06 pm to LSU Fan 90812
Exxon is still dodging paying. The appeals process has been terribly long and they have successively whittled the judgements back each time.
What are the odds Transocean goes bankrupt over this? I say pretty good. BP will survive.
What are the odds Transocean goes bankrupt over this? I say pretty good. BP will survive.
Posted on 5/3/10 at 1:06 pm to LSU Fan 90812
quote:
this is not the same thing. I'm sorry.
what you're talking about falls under worker's compensation.
this is nowhere near that.
Well I realize that but the principle is still the same. BP is the operator, they "hired" TO to drill a well at this location and therefore they are the ultimate responsible party. It may not be their fault that the accident happened, just like it may not be your company's fault that you got your dropped a hammer on your foot at work but they put you in that positon so they are partly responsible for the outcome.
This post was edited on 5/3/10 at 1:07 pm
Posted on 5/3/10 at 1:08 pm to LEASTBAY
quote:
2 fisherman asking for 1.5million.
so its been like 20 days since it happened and they are already asking for 750k a piece. do they make like 10 million a year? that is a ridiculous number
Posted on 5/3/10 at 1:09 pm to lsugradman
quote:
What are the odds Transocean goes bankrupt over this? I say pretty good. BP will survive.
Not a chance, Transocean is the largest drilling company in the world and I believe its by a large margin. If they were to go bankrupt the entire O&G industry would be up shite creek.
Posted on 5/3/10 at 1:11 pm to lsugradman
quote:
Well I realize that but the principle is still the same. BP is the operator, they "hired" TO to drill a well at this location and therefore they are the ultimate responsible party. It may not be their fault that the accident happened, just like it may not be your company's fault that you got your dropped a hammer on your foot at work but they put you in that positon so they are partly responsible for the outcome.
what are you even arguing here?
That BP should pay?
Because i've never said anything to the contrary.
Posted on 5/3/10 at 1:13 pm to LSU Fan 90812
My response was to this post regarding who should pay..
quote:
Transocean, obviously
BP is getting shafted here
Posted on 5/3/10 at 1:34 pm to lsugradman
quote:yeah, TO is a monstrous company so i doubt they whiff bankruptcy here.
Not a chance, Transocean is the largest drilling company in the world and I believe its by a large margin. If they were to go bankrupt the entire O&G industry would be up shite creek.
Posted on 5/3/10 at 1:46 pm to The Egg
Yeah and that would make the South Koreans very angry since they fabricate ALOT of Transoceans rigs and platforms. And no one wants to make Azyuns mad.
Posted on 5/3/10 at 1:50 pm to lsugradman
they will pull kj choi and ye yang home since those 2 are their main exports nowadays.
Posted on 5/3/10 at 1:56 pm to ScoopAndScore
quote:
I completely disagree it's necessary to paint a private company that employs millions and helps to meet the energy demands of the world as the enemy. Instead, the US gov't should acknowledge the disaster as a terrible accident (with investigations to come) and agree to assist BP in whatever means possible to contain the spill.
How is the US gov't not assisting? Is the Coast Guard not assisting?
I think everyone has acknowledged that it's a terrible accident.
What exactly do you have issue with?
Posted on 5/3/10 at 1:59 pm to manwich
quote:
BP is getting shafted here
No they're not. BP is the responsible party. TO is a contractor for them. BP can certainly go after TO for damages, but BP is responsible for the cleanup.
That's the risk you run when you hire contractors to work on your rigs.
Posted on 5/3/10 at 2:00 pm to JoBoo
quote:
That's the risk you run when you hire contractors to work on your rigs.
the rig is not for bp. it is owned by t.o.
Posted on 5/3/10 at 2:01 pm to tigerdup07
BP will pay, and then they will spend YEARS in court battles with TO to recoup some of its costs.
Posted on 5/6/10 at 9:12 pm to Bellabama
Actually, there are provisions of the Oil Pollution Act that would potentially allow BP to re-coop some of the money they have to pay to clean up the spill from the Oil Spill Liability Trust Fund if they can prove that TO's negligence cause the spill and that otherwise BP was free from fault in causing the spill.
Curious how BP's payment of $25 Million a piece to LA, MS, AL, and FL affects their $75 liability, if any.
Curious how BP's payment of $25 Million a piece to LA, MS, AL, and FL affects their $75 liability, if any.
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