BP is gone. Under 5 in 12 months

Quote from asiaprop:

please see above post, it was as logical and sticking to the facts as it gets. I find this a lot less "dramatic" and emotional than listening to bank estimates which are taken out of thin air.

Sometimes rational and simplistic ways of thinking get you the farthest even though you may disagree.
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In other words, ya got nuthin.
Noted.
 
if I grew up under such legal system I would also believe that it should go through the courts, no question. I guess it always depends what sort of brainwash you get.

Quote from trefoil:

In other words, ya got nuthin.
Noted.
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The Feds would have been well within their rights to seize BP and put it under receivership until the cleanup was done.
Also, BP has contracts with the Feds to provide fuel to the Defense Department, among other things. So there was plenty of leverage brought to the table in the White House today.
The Chairman and the CEO didn't agree to 20 bil because they were brainwashed. They did it because they know these things, unlike you, it seems.
 
you still dont get my point at all. The precise reason, why BP agreed to this "deal" (and this is far from hammered out in terms of details), is because the American legal system is absolutely unpredictable. Many lawsuits could be dismissed and you get away with 5bn or on the other hand you may be in for a lot more simply because funny lawyers think someone's economic situation in Wisconsin was affected by this oil spill. Also, dont you find it funny how some shrimp fishermen always bitch how they hardly make a living yet suddenly they all seem to earn 100k plus and suddenly all the fishermen who go out got sick and had to return back home. LOL. Please dont make me laugh hysterically.

Quote from trefoil:

The Feds would have been well within their rights to seize BP and put it under receivership until the cleanup was done.
Also, BP has contracts with the Feds to provide fuel to the Defense Department, among other things. So there was plenty of leverage brought to the table in the White House today.
The Chairman and the CEO didn't agree to 20 bil because they were brainwashed. They did it because they know these things, unlike you, it seems.
More...
 
Quote from trefoil:

The Feds would have been well within their rights to seize BP and put it under receivership until the cleanup was done.
Also, BP has contracts with the Feds to provide fuel to the Defense Department, among other things. So there was plenty of leverage brought to the table in the White House today.
The Chairman and the CEO didn't agree to 20 bil because they were brainwashed. They did it because they know these things, unlike you, it seems.
More...

What good it is to put BP USA under receivership? Let it make some money to pay claims and shareholders.
 
Quote from asiaprop:
the real cost to clean up would more rationally amount to 2-3 billion.
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Just checked in here after a few days away and noticed you're involved in a flame war. I'm not sure if the above statement is just flame-fanning rhetoric but if you really believe that this spill can be contained and cleaned up in all theatres for 2 billion, you are very seriously misinformed.
 
would you kindly point me to a CREDIBLE source that estimates the clean up cost? The point is the administration has ZERO clue (they should have) how much oil es even leaking, how do they know how much its gonna take to clean up this mess?

Quote from traderNik:

Just checked in here after a few days away and noticed you're involved in a flame war. I'm not sure if the above statement is just flame-fanning rhetoric but if you really believe that this spill can be contained and cleaned up in all theatres for 2 billion, you are very seriously misinformed.
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