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BP - off the hook ? ...and a BUY ?
Comments
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sabretoothtigger wrote: »It seems likely they would have to pay every gulf business the difference in profits from last year, every hotel without tourists and so on which is pretty costly.
It is even bigger then that, they can also claim for future earnings lost due to the oil spill.0 -
but to talk about compensation whilst sea-life are still dying and whilst precious coast-lines are still being wrecked is indicative of an American culture that is equally if not a greater pollutant than the spilt oil.
I could not disagree more. No sane person likes to see wildlife suffer but human suffering is even worse.
Mouths need feeding, bills need paying. For many businesses in that part of the world, June though to August generates 50 to 75% of their yearly income - its peak holiday season.
The vast majority of the people hurt are small family businesses. Their owners are not multi-millionaires who can ride out the storm. Lay-offs are already starting to happen.
I can only assume you are either young or supported by state handouts.0 -
why does Obama continue with the cracked record theme of making sure that BP will pay instead of focusing on how to solve the problem and move forward?
IMO he does not have a clue what to do. He thinks blaming the other guy will make him look good.
The phrase "in other his head" springs to mind0 -
Don't they have business interruption insurance in the US? Or does it exclude oil spills?0
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Sceptic001 wrote: »Don't they have business interruption insurance in the US? Or does it exclude oil spills?
Where do you think I am going to get $50 billion from?
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Copy and paste this Link in your browser
No !!!!!!!!!'In nature, there are neither rewards nor punishments - there are Consequences.'0 -
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http://news.bbc.co.uk/1/hi/world/us_and_canada/10335114.stm
Under-fire oil firm BP is to place $20bn (£13.5bn) in a special fund to deal with compensation payouts after the Gulf oil spill, US media report.
BP executives were said to be finalising a deal at White House talks with President Obama and aides.0 -
Is the demand from the US for an upfront fund to extract money before they force BP into bankruptcy?Awaiting a new sig0
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Is the demand from the US for an upfront fund to extract money before they force BP into bankruptcy?
Oops, no dividends this year
http://newsvote.bbc.co.uk/1/hi/world/us_and_canada/10335114.stm
JamesU0
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