for the oil spill in the gulf. Well yes BP is the main reason but, the governement have decided after the Exon accident to limit the
liability to around 75 000 000. Maybe anyone can tell me why that was kept so low, the refineries earn Billions a year. So why
should they not be “fully” liable for such dangers. If they’d known that they have to pay dearly the probably have though about avoiding
such leaking. But well if you calculate with the above figure….
So the liability was put on the tax payers at a whole, but the profits were “privatized”… So again a nice example on what moral hazard really means….
Let’s see BP chef does yachting in England. And Obama sits in his white house, blaming that BP has caused the biggest envorinmental catostrophy ever.
(Howerver we should not forget who has allowed them to exploit the oil in the gulf?, and who has the power to decide upon the to be granted security).
Ah yes it’s all that clear. The BP chef is the bad guy. And his “Royalness Obama”, oh yes he has signed the extension of the exploitation but that’s not all
he also let Amercians die in Iraque and Afghanistan. So who’s the more ruthless?
When was a President of the US ever impeached for human rights violations? Or “bending the law”?
Yes BP obviously has accepted the risks with this exploitation, and yes I can not found anything slanderous about asking all of the BP staff to pay for it.
There are a few things which show that the technical risk were either misjudged, or well may mitigated by other things. We really don’t know. Howerver what is obvious is that currently neither BP nor the US
have the technical abilities to stop this oil leak. So if they are helpless, the only conclusion one can draw is. “We can not afford to exploit in such deep waters”. Let me just remember about the Gulf war, where the Iraquis have inflamed so many bore holes. It was a catastrophy also, but the technical skills were there to seal this bore holes….
We have to conclude that disadvantages on this deep water bore holes are not yet controllable. Maybe with a bit more “fore-sight” and investing money beforehand this could have been avoided. But maybe not. Of course in retrospect a lot of people will say, it was unavoidable or was possible to prevent… But this does not help anyone yet. BP has to aquire all the knowledge they can to find a strategy stopping this leak. And instead of political pressure etc, it probalby would help much more to find experts able to help with it, and let BP but also the Politicians having decided to allow this deep water exploitations to pay for it. But I bet 1 000 000 000 : 1, that the politicians will not have to pay for it. They will use it as another lever to “aquire” more political rights. Now tell me about ruthlessness.