BP Won’t Pay for Economic Damage
The Behemoth Didn’t Become an Oil Giant by Meeting Its Obligations or Paying Damages
Furthermore, the system has been set up to protect the big oil, as Fire-Earth have said previously.
Here’s what Sen. Bill Nelson (D-Fla.) had to say after he met with Tony Hayward yesterday:
He asked tony Hayward: “‘Will you be responsible for the economic damages”‘
Tony Hayward replied: “That’s something we’ll have to work out in the future.'”
Nelson has recently co-sponsored new legislation to raise the $75-million cap on oil companies’ legal liability for economic damages to $10 billion, retroactively.
“Just minutes before, in front of the same bank of television cameras outside Nelson’s office in the Hart Senate office building, Hayward had said, ‘BP is taking very seriously its responsibility. … All legitimate claims will be paid.'” NYT reported.
Oil Companies, the Big oil, are the most powerful entities in the world. They carry more megatonage than the entire US and European nuclear arsenal put together. They are also “bomb-proof.” As was the case with Exxon Valdez Oil Spill, they tell the Executive, Legislative and Judicial Branches of government what outcome they are seeking, and that become law. [We stand to be corrected-Fire Earth Moderators.]
Readers will recall that the oil lobby easily persuaded the Legislator to nix the legal requirement for an acoustic device that, in all probability, could have activated the blowup preventer and that is required by law in other countries.
Exxon is the largest multinational corporation in the world, BP is the 4th largest corporation and the third big oil:
- ExxonMobil (US)
- Royal Dutch Shell (Netherlands/UK)
- BP (UK)
- Chevron Corporation (US)
- ConocoPhillips (US)
- Total S.A. (France)
How bad will the spill be tomorrow?
Cumulative Oil Spill Trajectory Map. Click image to enlarge.
Trajectory Forecast
Mississippi Canyon 252 – Estimate for: 1800 CDT, Friday, 5/07/10
Date Prepared: 2100 CDT, Tuesday, 5/04/10 – NOAA/NOS/OR&R
This forecast is based on the NWS spot forecast from Tuesday, May 4 PM. Currents were obtained from the NOAA Gulf of Mexico, Texas A&M/TGLO, and NAVO/NRL models and HFR measurements. The model was initialized from SLAR data obtained during a Transport Canada overflight Tuesday AM and afternoon overflight observations. The leading edge may contain tarballs that are not readily observable from the imagery (hence not included in the model initialization).
MODIS on NASA’s Aqua satellite captured this natural-color image of a portion of the oil slick on May 4, 2010. The oil might drift into the path of the Loop Current, which carries warm water from the Yucatán Peninsula across the Gulf of Mexico and toward Florida. The current had the potential to spread oil to the shores to Mississippi, Alabama, the east coast of Florida, and the Florida Keys. Meanwhile, the Pentagon approved the deployment of as many as 17,500 National Guard soldiers to assist with cleanup efforts, according to the Associated Press. Meanwhile, well operators considered drilling a relief well—a diagonal well intersecting the original that could be filled with mud or concrete to block the oil. Image and caption: NASA [Caption edited by Fire-Earth.]
A platform is surrounded by the oil spill from the Deepwater Horizon wellhead at the mouth of the Mississippi river May 5, 2010. Credit: REUTERS/Daniel Beltra/Greenpeace/Handout.
A platform is surrounded by the oil spill from the Deepwater Horizon wellhead at the mouth of the Mississippi river May 5, 2010. Credit: REUTERS/Daniel Beltra/Greenpeace/Handout
How did this one die, the oil spill? No, she died from dispersant poisoning!
A dead fish is seen on the side of a road in Venice, Louisiana May 3, 2010. Credit: REUTERS/Carlos Barria. Image may be subject to copyright.
Related Links:
–
Serial No 1,676. Starting April 2010, each entry on this blog has a unique serial number. If any of the numbers are missing, it may mean that the corresponding entry has been blocked by Google/the authorities in your country. Please drop us a line if you detect any anomaly/missing number(s).
Fire Earth 
