J
JosephKK
Guest
On Sun, 20 Jun 2010 21:28:23 -0500, "krw@att.bizzzzzzzzzzzz"
<krw@att.bizzzzzzzzzzzz> wrote:
before.
<krw@att.bizzzzzzzzzzzz> wrote:
Please document this legal liability cap. I have never heard of itOn Sun, 20 Jun 2010 20:42:09 -0500, "amdx" <amdx@knology.net> wrote:
krw@att.bizzzzzzzzzzzz> wrote in message
newsr6t16hjru985gkko7stmns6blrg02444p@4ax.com...
On Sun, 20 Jun 2010 15:12:22 -0700 (PDT), dagmargoodboat@yahoo.com wrote:
On Jun 20, 5:29 pm, "k...@att.bizzzzzzzzzzzz"
k...@att.bizzzzzzzzzzzz> wrote:
On Sun, 20 Jun 2010 13:42:16 -0700 (PDT), dagmargoodb...@yahoo.com
wrote:
On Jun 20, 3:11 pm, Penis <Pere...@hereforlongtime.org> wrote:
On Sun, 20 Jun 2010 11:36:17 -0700 (PDT), dagmargoodb...@yahoo.com
wrote:
On Jun 20, 12:29 pm, MooseFET <kensm...@rahul.net> wrote:
Setting aside the 20 Billion makes no change to the portion of the
total cost that the profits from BP will cover. It actually saves
a
fair chunk of money because a third party will be handling much
of the work on paying out the claims.
It saves money in the same way that giving Michele Obama your credit
card to buy your clothes saves you money.
It is not about money, dumbfuck. It is about PROCESSING efficiency. A
barge full of contaminant is more effective at timely clean-up than a
barge that is filled, but 40% of that fill is water.
We're talking about the $20B fund Obama extracted from BP. Not
Costner's centrifuge.
But speaking of processing efficiency, how long will it take to fill a
barge at 50-100GPM?
Speaking about processing efficiency, how long will it take the
government to
pay the first dime to those who need it? It's been a couple of months
now,
and Obummer still can't come to skipping a round of golf.
That's a good point. Mr. Obama prevented LA Gov. Bobby Jindal
building his berms for at least a month, a month when the oil was
still offshore. Those berms could've prevented a lot of damage,
saving wildlife and cleanup money too. Mr. Obama still hasn't
suspended the Jones Act. He's the slow one, not BP.
Re: efficiency, it depends what you're optimizing. I have every
confidence the government can spend any amount of money faster than BP
and get far less for it. But, they'll buy votes with BP's money, BP
will still be liable for the rest, and blamed for the government's
failings. To a politician, that's very efficient. It's awful.
But *will* BP be liable for the rest? AIUI, their liability is capped at
something ridiculous like $75M. If BP decides to say "screw you,
Obummer",
how long would it take to get another dime?
Last numbers I saw they had already paid out $1.35 Billion and
that was a week or two ago.
That's already 20x their legal liability cap. I'm really surprised that
they're being so generous, given the thrashing they're getting anyway.
before.