Spill, Baby, Spill!

[ddog]

Corps should pay ALL the taxes , you have it exactly backwards.
There should be no personal taxes. Much easier system to administer , much lower costs of collection.


and again....these corps don't exist without the fed gvt protection either here or elsewhere , so they get a good deal since they are still turning a profit , which is what's left over after taxes. They don't pay it out of profits.

The costs of their business are never born by them fully.

[Robert Goren]

Originally Posted by prospector

again, because the state and fed take profit from them in the guise of taxes...corporations should pay no taxes..period..
corporations exist only to make money for the shareholders...and they're taxed enough.

Those days are gone. Corporations are now run for the benefit of their top Executives. The shareholders get only the crumbs and no say in how they are run.JMO

[hazzardm]

Originally Posted by prospector

again, because the state and fed take profit from them in the guise of taxes...corporations should pay no taxes..period..
corporations exist only to make money for the shareholders...and they're taxed enough.

I'll phrase it a different way, why should cleanup cost not be considered part of the cost of doing business?

[Tom]

Originally Posted by hazzardm

Perhaps there are marauding gangs of sharks

Is he protecting the border from Illegal oil entering the country?
Hey, that oil is just here to fuel cars that American oil not fuel!

[Buckeye]

Originally Posted by PaceAdvantage

So, this one unfortunate, tragic incident convinces you that we should abandon the offshore drilling process?

In your estimation, how often do these types of accidents occur?

I guess if it were up to you, nuclear energy would have been erradicated after Three Mile Island.

What about wind mills? Just kidding. I wrote a paper circa 1987 discussing this very argument. Coal and nuclear generation of electricity are STILL all we have right now-- Thirty plus odd years later. Other side speak.

[PaceAdvantage]

Originally Posted by ddog

As to the wd40 - all depends if the puddle is in your yard or in your bed, don't it now sparky.

That was some reach, even for you.

[prospector]

Originally Posted by hazzardm

I'll phrase it a different way, why should cleanup cost not be considered part of the cost of doing business?

i can almost agree with that..better question is insurance? was there none? why wouldn't the company be covered for that...i've got flood insurance and i'm a far piece from the river..but, if the 100 year flood comes tomorrow, i'm covered..

[ArlJim78]

One thing that i don't understand about the response to the oil rig event, and the media coverage of it, is that it doesn't appear to me at least on the surface that there is enough attention being paid to what is in my opinion the most urgent and important aspect, stopping the flow of oil.

you hardly hear anyone talking about this. from what i can gather, the well head has been continuously leaking this whole time, yet they talk about this and call it a "spill". a spill is one thing, but a continuous flow of oil at the rate of 2 gallons per second for a week or more is quite another.

I don't know why this wasn't immediately addressed. Has the flow been stopped, has the well been capped off under water? they should have sent in every available resource right from the get go to bring the flow to a halt. but instead they talk about halting future drilling, who should be blamed, what damage will it do to the coastlines, etc. okay fine but first make sure TO STOP THE LEAK! then find out what happened, then make sure that the thousands of other rigs are checked. containment has to come first.

they need to call in all the Harry Stampers of the world and pay them to work aruond the clock on this. until they do this thing is an open ended disaster.

[Lefty]

Imagine if GW was still Pres and he took 9 days to send anyone there to assess and do something about the situation. A guy on Tv said it should have been set on fire and burnt off right away. Obama sent lawyers as first responders? He's a bad joke Obama is.

[plainolebill]

After Exxon Valdez every barrel of oil pumped or imported to the US has an 8 cent surtax to paid into an insurance pool for these kinds of disasters. BP has done a better job so far that Exxon did at the time but this is closer to home and higher profile. I read the fund has ~$1.6 billion in it.

It's going to be a shitstorm any way you look at it.

[BlueShoe]

Has anything been mentioned officially that this explosion may not have been an accident, but a bombing? Not hard to quietly row a small boat to the rig in the middle of the night, send divers down to plant explosives, set fuses, and then depart without being seen. Terrorists, Iran, North Korea, our own far left environmental extremeists; lots of possible supects.

[Tom]

What about libs bombing it? Maybe even Obama directed it.
Good way to vilanize off shore drilling so that they can ban it. Obama has a pattern of this methodology......maybe he has just progressed in strategy.

[BlueShoe]

Already out are predictions of $5 a gallon gasoline prices by the end of the year.

[ArlJim78]

BP Is Criticized Over Oil Spill, but U.S. Missed Chances to Act

"Yet a review of the response suggests it may be too simplistic to place all the blame for the unfolding environmental catastrophe on the oil company. The federal government also had opportunities to move more quickly, but did not do so while it waited for a resolution to the spreading spill from BP.
The Department of Homeland Security waited until Thursday to declare that the incident was “a spill of national significance,” and then set up a second command center in Mobile, Ala. The actions came only after the estimate of the size of the spill was increased fivefold to 5,000 barrels a day.

The delay meant that the Homeland Security Department waited until late this week to formally request a more robust response from the Department of Defense, with Homeland Security Secretary Janet Napolitano acknowledging even as late as Thursday afternoon that she did not know if the Defense Department even had equipment that might be helpful.

By Friday afternoon, she said, the Defense Department had agreed to send two large military transport planes to spray chemicals that can disperse the oil while it is still in the Gulf.

Officials initially seemed to underestimate the threat of a leak, just as BP did last year when it told the government such an event was highly unlikely. Rear Adm. Mary E. Landry, the chief Coast Guard official in charge of the response, said on April 22, after the rig sank, that the oil that was on the surface appeared to be merely residual oil from the fire, though she said it was unclear what was going on underwater. The day after, officials said that it appeared the well’s blowout preventer had kicked in and that there did not seem to be any oil leaking from the well, though they cautioned it was not a guarantee.

[ArlJim78]

campaigning while a couple hundred thousand gallons per day flow into the ocean near our shores.

a photo timeline