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Should BP be charged a fine for every day
Posted on 6/12/10 at 10:54 pm
Posted on 6/12/10 at 10:54 pm
that they do not contain the leak and stop the flow? With all their cash, anything less than say $10MM per day would be chicken feed. Losing $500MM might make them consider all options to contain and control. While this might be harsh, there ought to be some penalty to incent them to get it done.
Posted on 6/12/10 at 11:02 pm to Tigerguyinexile
quote:
While this might be harsh, there ought to be some penalty to incent them to get it done.
there is, with the clean water and air act, there is a fee per barrel spilled. With 40K barrels/day its going to be pretty steep for BP.
Posted on 6/12/10 at 11:11 pm to Tigerguyinexile
Yes, but the bad thing is they will just go bankrupt.
Posted on 6/13/10 at 9:24 am to Tigerguyinexile
It's definitely frustrating to see this thing play out, but I'll be one that has at least some sympathy for BP.
3-months ago, if anyone in Congress wanted to spend money and time on the type of plan that would be needed to resolve a spill such as this, they would have been called flaming liberals that need to shut up.
The fact of the matter is nobody saw this coming. I don't care anymore about regulations, etc. I'm not sure this could have been completely avoided. It just makes it sound better for the blame game. We live in a society that has itself backwards. In linear terms it tends to work like this:
Problem occurs - who can we blame - why can we blame them - use it for political purpose - hold off on working on a solution until a new party is in power - solution.
My parents both work at a facility that is, as we speak, manufacturing a one of a kind part for BP to use on its next cap. My dad is in manufacturing and my mom is in account management, so she deals with BP on a daily basis. This is where my pity for them comes into play. These parts, called protos, have never been made before, are completely custom, and have never been tested. They are time consuming and expensive to make, yet everyone wants them rushed out. What people don't understand is it takes time do this right. If they frick it up, they have to start over. On these parts, each time there's an issue, this company gets on the phone with BP to recommend changes. BP gets its engineers to draw out these changes and see the impact. Because once these changes are made, they cannot be undone without starting over.
In my opinion, all the boycotts and banhammers on BP aren't worth it. They do more harm the good. BP requires LOTS of parts, which keep a lot of companies in business. BP also employs a lot of people. All we're doing by bankrupting them is doubling the impact of this spill.
As an aside, I can think of a lot of other oil companies who are very thankful this happened to BP. They're in the same practice, they skirt the same rules BP skirted, it just blew up in BP's face first.
3-months ago, if anyone in Congress wanted to spend money and time on the type of plan that would be needed to resolve a spill such as this, they would have been called flaming liberals that need to shut up.
The fact of the matter is nobody saw this coming. I don't care anymore about regulations, etc. I'm not sure this could have been completely avoided. It just makes it sound better for the blame game. We live in a society that has itself backwards. In linear terms it tends to work like this:
Problem occurs - who can we blame - why can we blame them - use it for political purpose - hold off on working on a solution until a new party is in power - solution.
My parents both work at a facility that is, as we speak, manufacturing a one of a kind part for BP to use on its next cap. My dad is in manufacturing and my mom is in account management, so she deals with BP on a daily basis. This is where my pity for them comes into play. These parts, called protos, have never been made before, are completely custom, and have never been tested. They are time consuming and expensive to make, yet everyone wants them rushed out. What people don't understand is it takes time do this right. If they frick it up, they have to start over. On these parts, each time there's an issue, this company gets on the phone with BP to recommend changes. BP gets its engineers to draw out these changes and see the impact. Because once these changes are made, they cannot be undone without starting over.
In my opinion, all the boycotts and banhammers on BP aren't worth it. They do more harm the good. BP requires LOTS of parts, which keep a lot of companies in business. BP also employs a lot of people. All we're doing by bankrupting them is doubling the impact of this spill.
As an aside, I can think of a lot of other oil companies who are very thankful this happened to BP. They're in the same practice, they skirt the same rules BP skirted, it just blew up in BP's face first.
Posted on 6/13/10 at 9:54 am to Tigerguyinexile
I don't think you incentivize them anymore than they already are. They only thing you could really do in order to make sure they "consider every option" would be to try to limit their liability for efforts to stop the leak. More than likely, the thing hamstringing them now is the fear of additional civil and criminal liability if they try to fix it and screw it up worse.
Posted on 6/14/10 at 9:46 am to JustinBRLA
quote:
JustinBRLA
Good post but get ready to be

Posted on 6/14/10 at 10:01 am to Ponchy Tiger
quote:
Yes, but the bad thing is they will just go bankrupt.
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