Are they freaking KIDDING? Good old republican legislators; they can always be counted on...[quote]Republicans in the U.S. Senate want American taxpayer..."/>
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REAL WORLD EVENT DISCUSSIONS
Republicans want bailout for BP...?!!?!
Tuesday, June 8, 2010 6:11 AM
NIKI2
Gettin' old, but still a hippie at heart...
Quote:Republicans in the U.S. Senate want American taxpayers to foot most of the bill for the cleanup of the disastrous, ongoing Deepwater Horizon oil spill. In other words, they want us to bail out BP. Yep, I know, it’s just completely unbelievable, but the GOP senators want to bailout yet another major corporate screw-up — and a corporation that’s a relentless environmental polluter to boot. That’s what will happen if the Senate GOP’s tactics work and they successfully block a bill designed to make BP clean up its own mess (if a spill the size of the two Carolinas combined can be called a mere “mess”). GOP senators, led by Alaska’s Lisa Murkowski and Oklahoma’s James Inhofe, have repeatedly blocked a bill that would raise the cap on oil companies’ liability from $75 million to $10 billion. So far, the cost of the cleanup has hit around $600 million and is going up every minute, so as of now (May 24, noon), the GOP’s idea for cleaning up BP’s mess would already cost American taxpayers $525 million. Experts estimate the total cost of the current spill cleanup could be anywhere from $1.5 billion to $14 billion; the latter figure includes payments to ruined businesses along the Gulf Coast. As pointed out by True Majority, “BP makes over $3.9 million EVERY HOUR. In the 31 days since the rig exploded, they’ve earned over $2.8 billion.” The current spill is expected to wreck the Gulf Coast’s fishing and tourist industries, not to mention the untold damage to the Gulf’s already-threatened wetlands, but that’s apparently not a problem for the clueless millionaire’s club running the GOP caucus in the Senate. There are apparently no depths to which some oil company stooges in Congress won’t sink in order to appease their greasy overlords.
Quote:U.S. Senator David Vitter asked for unanimous consent to pass legislation that protect BP and other oil companies by limiting their financial liability for oil spills and potentially leaves taxpayers on the hook for the cost of cleaning up the damage. Vitter’s request was met with objection and did not pass.
Tuesday, June 8, 2010 6:16 AM
ANTHONYT
Freedom is Important because People are Important
Tuesday, June 8, 2010 6:41 AM
Quote:A bill to increase the liability cap for oil spills from $75 million to $10 billion was defeated Thursday by Sen. Lisa Murkowski, R-Alaska. Bill S.3305, the "Big Oil Bailout Prevention Liability Act" would cap BP's liability at $10 billion, even if damages from the gulf oil spill surpass that figure. The company already estimates that spill will cost $450 million to clean up. Murkowski, a drilling supporter, has received almost $300,000 in campaign contributions from the oil and gas industry. While Murkowski said that she supports raising the cap, she argued that the $10 billion figure would prohibit all but the biggest of oil companies from drilling oil offshore:Quote:It would be impossible or perhaps close to impossible for any energy company that is smaller than the supermajors, smaller than the national oil companies, to operate in the O.C.S. $10 billion in strict liability would preclude their ability to obtain financing, to obtain the bonds, or insurance for any exploration. And look at who is producing in the offshore? It's the independents.Sen. Robert Menendez, D-New Jersey, said Murkowski's argument didn't hold up. "The risk is what has to be calulated here. If you drill, you need to be able to pay for the damages," Menendez said. Menendez derided Murkowski's characterization of "independent" oil and gas companies. "This isn't mom and pop in the grocery store around the corner.''
Quote:It would be impossible or perhaps close to impossible for any energy company that is smaller than the supermajors, smaller than the national oil companies, to operate in the O.C.S. $10 billion in strict liability would preclude their ability to obtain financing, to obtain the bonds, or insurance for any exploration. And look at who is producing in the offshore? It's the independents.
Quote:Why such a large margin of error? The exact number is slippery and hard to quantify, given the myriad of programs that can be broadly characterized as subsidies when it comes to fossil fuels: •Construction bonds at low interest rates or tax-free •Research-and-development programs at low or no cost •Assuming the legal risks of exploration and development in a company's stead •Below-cost loans with lenient repayment conditions •Income tax breaks, especially featuring obscure provisions in tax laws designed to receive little congressional oversight when they expire •Sales tax breaks - taxes on petroleum products are lower than average sales tax rates for other goods •Giving money to international financial institutions (the U.S. has given tens of billions of dollars to the World Bank and U.S. Export-Import Bank to encourage oil production internationally) •The U.S. Strategic Petroleum Reserve •Construction and protection of the nation's highway system •Allowing the industry to pollute - what would oil cost if the industry had to pay to protect its shipments, and clean up its spills? If the environmental impact of burning petroleum were considered a cost? Or if it were held responsible for the particulate matter in people's lungs, in liability similar to that being asserted in the tobacco industry? •Relaxing the amount of royalties to be paid
Tuesday, June 8, 2010 6:50 AM
DREAMTROVE
Tuesday, June 8, 2010 6:53 AM
Tuesday, June 8, 2010 6:56 AM
Tuesday, June 8, 2010 6:59 AM
MALACHITE
Tuesday, June 8, 2010 7:07 AM
Tuesday, June 8, 2010 7:10 AM
Quote:Begich Statement on Suspension of Arctic Exploratory Drilling FOR IMMEDIATE RELEASE Contact: Julie Hasquet, Press Secretary May 26, 2010 (907) 258-9304 office 2010-107 U.S. Sen. Mark Begich released the following statement after learning the Obama Administration will announce tomorrow consideration of any applications for exploratory drilling in the Arctic is suspended until 2011: "I am frustrated that this decision by the Obama Administration to halt offshore development for a year will cause more delays and higher costs for domestic oil and gas production to meet the nation's energy needs. "The Gulf of Mexico tragedy has highlighted the need for much stronger oversight and accountability of oil companies working offshore, but Shell has updated its plans at the administration's request and made significant investments to address the concerns raised by the Gulf spill. They make an effective case that we can safely explore for oil and gas this summer in the Arctic. "Another year of delay costs money and Alaska jobs. The nation also has to export more dollars and import more oil from some unfriendly places, jeopardizing our economic and national security. "I still believe we can responsibly develop oil and gas resources in the Arctic. Over the next year, I'll work with Senator Murkowski and Secretary Salazar, as well as the Alaska operators, to ensure we're ready to go as soon as possible."
Tuesday, June 8, 2010 7:14 AM
Tuesday, June 8, 2010 7:25 AM
Tuesday, June 8, 2010 7:28 AM
Quote:A security deposit for an industry that has shown a tendency for periodic disasters.
Tuesday, June 8, 2010 7:36 AM
KWICKO
"We'll know our disinformation program is complete when everything the American public believes is false." -- William Casey, Reagan's presidential campaign manager & CIA Director (from first staff meeting in 1981)
Tuesday, June 8, 2010 8:09 AM
Tuesday, June 8, 2010 8:14 AM
MOOSE1942
Tuesday, June 8, 2010 8:20 AM
MINCINGBEAST
Tuesday, June 8, 2010 8:28 AM
Tuesday, June 8, 2010 8:30 AM
Tuesday, June 8, 2010 8:35 AM
Tuesday, June 8, 2010 8:40 AM
Quote:Originally posted by mincingbeast: Not really. Most of the benefits of personhood, pretty much none of the drawbacks. Its a rad gig, and I'm trying to figure out a way to incorporate myself...currently offering Mincingbeast stock. Its worthless.
Tuesday, June 8, 2010 8:54 AM
Tuesday, June 8, 2010 9:16 AM
Tuesday, June 8, 2010 9:18 AM
BYTEMITE
Tuesday, June 8, 2010 9:38 AM
PIZMOBEACH
... fully loaded, safety off...
Tuesday, June 8, 2010 9:39 AM
Tuesday, June 8, 2010 10:42 AM
PIRATENEWS
John Lee, conspiracy therapist at Hollywood award-winner History Channel-mocked SNL-spoofed PirateNew.org wooHOO!!!!!!
Tuesday, June 8, 2010 11:09 AM
Quote:I'm still stunned that people, even Republicans, could come to BPs defense at this point.
Quote:If there was shenanigans, it was probably on the part of BP trying to drive up gas prices for the spring and summer.
Tuesday, June 8, 2010 11:19 AM
Tuesday, June 8, 2010 11:29 AM
Quote:Originally posted by dreamtrove: Americans suck at boycotts. Just look at walmart. The whole price war thing is a trick to get us not to boycott oil companies. After all, what do I care if it costs a penny more a gallon. Even for twelve gallons. That 12c. Big whoop.
Tuesday, June 8, 2010 11:44 AM
Quote:Originally posted by mincingbeast: Lol Kwicko, I hereby award you a controlling stake in Mincingbeast (51 percent). I'm still stunned that people, even Republicans, could come to BPs defense at this point. Perhaps we can wait until the disaster is more manageable before destroying BP, thus maintaining some incentive for them to stay busy. But in my humble and deranged opinion, BP is already dead. Just hasn't assumed room temperature yet.
Quote:Posted by PizmoBeach: On a recent road trip I passed by several BPs that were busy with people getting gas and sundries. Seems like the news doesn't go very far.
Tuesday, June 8, 2010 12:40 PM
Quote:Byte: I don't doubt that there IS collusion to set, raise, or lower gas prices, but in this case it hasn't worked quite to BP's advantage. Typically, gas prices go up heading into summer ("peak driving season", they say). Have you noticed the prices going up lately? I've seen the stations near me drop gas prices by $0.15/gal in the last month. I think the oil companies have a fear that this will have a negative backlash on them, and that people will start TRYING to drive less, drive more efficiently, buy and use less gas, etc. And I think they're actively trying to hold down gas prices - even if it impacts their short-term profits - to try to assuage our fears and keep us addicted to cheap oil. That's just the feeling that I get. I have no factual basis for that; it's just a hunch.
Tuesday, June 8, 2010 12:43 PM
CITIZEN
Tuesday, June 8, 2010 1:52 PM
Tuesday, June 8, 2010 2:16 PM
Tuesday, June 8, 2010 4:17 PM
FREMDFIRMA
Tuesday, June 8, 2010 5:16 PM
CHRISISALL
Quote:Originally posted by citizen: The US burns about double the total amount of oil spilled so far into the Gulf of Mexico a day.
Tuesday, June 8, 2010 5:18 PM
Tuesday, June 8, 2010 5:32 PM
Quote:Originally posted by Bytemite: Oops, I'll fix it.
Tuesday, June 8, 2010 6:21 PM
Quote:Originally posted by chrisisall: Quote:Originally posted by Bytemite: Oops, I'll fix it.Are you Wonder Woman? The laughing Chrisisall
Tuesday, June 8, 2010 8:05 PM
SIGNYM
I believe in solving problems, not sharing them.
Quote:All coastal properties, townships, cities, counties and states should independently sue BP for damages to help with clean up.
Tuesday, June 8, 2010 8:06 PM
Quote:The morning the Deepwater Horizon oil rig exploded, a BP executive and a Transocean official argued over how to proceed with the drilling, rig survivors told CNN's Anderson Cooper in an exclusive interview. The survivors' account paints perhaps the most detailed picture yet of what happened on the deepwater rig -- and the possible causes of the April 20 explosion. The BP official wanted workers to replace heavy mud, used to keep the well's pressure down, with lighter seawater to help speed a process that was costing an estimated $750,000 a day and was already running five weeks late, rig survivors told CNN. BP won the argument, said Doug Brown, the rig's chief mechanic. "He basically said, 'Well, this is how it's gonna be.' " "That's what the big argument was about," added Daniel Barron III. Shortly after the exchange, chief driller Dewey Revette expressed concern and opposition too, the workers said, and on the drilling floor, they chatted among themselves. "I don't ever remember doing this," they said, according to Barron. "I think that's why Dewey was so reluctant to try to do it," Barron said, "because he didn't feel it was the right way to have things done. Revette was among the 11 workers killed when the rig exploded that night. In the CNN interviews, the workers described a corporate culture of cutting staff and ignoring warning signs ahead of the blast. They said BP routinely cut corners and pushed ahead despite concerns about safety.
Wednesday, June 9, 2010 6:27 AM
Wednesday, June 9, 2010 6:34 AM
Wednesday, June 9, 2010 6:49 AM
Wednesday, June 9, 2010 8:51 AM
CAVALIER
Wednesday, June 9, 2010 8:52 AM
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