• If you are having problems logging in please use the Contact Us in the lower right hand corner of the forum page for assistance.

Something to think about

hypocritexposer

Well-known member
The market believes the "fund" sets some theoretical limits to
the damages.

No more than $5-Billion a year, under the current proposal,
would be deposited/dispersed via the "fund."

Since BP does NOT have $20-Billion in cash, the "pledge" to
place that amount in the "fund" serves both BP and BHO on
the PR front, but does NOT really change much of the reality
that the affected area will likely NEVER be fully restored.

If BP files for BK-protection - as they should - the Feds (ie:
taxpayers) would be largely on the hook.

Almost half of BP shares held by pensions are held in the USA.
Those pensions are ALL likely to be bailed-out, for reasons
that have little to do with BP; tho, NOW, BHO can blame it
on BP.

The financial "reform" bill - likely to be passed - contains massive
perks for BP --- and other oil companies. Credit card fees that
have been historically paid, in part, by the oil companies will soon
be picked-up by consumers.

BP also will get large tax-breaks on USA reserves they own
or control, but do not develop. That "energy bank" is likely
worth just under $200B, at today's prices.

BP's "promise" to pay into the "fund" got both them and BHO
enough of what each wanted/needed AND really was a NET-plus
to BP.
 
Top