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BP/Recovered oil

post #1 of 8
7/15/10 at 10:46am
Thread Starter 
I'll be honest, I pay as little attention to the BP well situation as possible, primarily because the fact that it still IS a story probably tells me more than I need to know.

And so, this may have been covered ad nauseum, but I had been wondering if BP still "owns" the oil spewed into the Gulf. Seems as though they do, if only in part:

http://money.cnn.com/2010/06/08/news..._oil/index.htm

So, I hate to be cynical (okay, no I don't), but could that be part of the reason for the everlasting "omigosh what do we do now?!?!" method of dealing with the well itself? Every dollar spewed into the gulf is one less dollar out of BP's pocket for reparations, at least on the surface (no pun intended).

Thoughts by the more rational?
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post #2 of 8
7/15/10 at 10:51am
Quote:
Originally Posted by Keycube View Post
I'll be honest, I pay as little attention to the BP well situation as possible, primarily because the fact that it still IS a story probably tells me more than I need to know.

And so, this may have been covered ad nauseum, but I had been wondering if BP still "owns" the oil spewed into the Gulf. Seems as though they do, if only in part:

http://money.cnn.com/2010/06/08/news..._oil/index.htm

So, I hate to be cynical (okay, no I don't), but could that be part of the reason for the everlasting "omigosh what do we do now?!?!" method of dealing with the well itself? Every dollar spewed into the gulf is one less dollar out of BP's pocket for reparations, at least on the surface (no pun intended).

Thoughts by the more rational?
Actually, I'm in agreement. I said some time ago that shearing off that well casing and putting a funnel over it with the same device that could have crimped the casing shut was not an effort to contain, it's BP still working their well.
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post #3 of 8
7/15/10 at 10:52am
The situation with this company is dire. They've lost 10's of millions of dollars and continue to lose money.

Yes, they are a wealthy company, but money only goes so far. I'd hate to see this company fold because of this tragedy. Them folding means thousands of people will be out of work. With the economy and job market the way it is in the USA, that is not a good thing.

So I think we need to be supporting this company in its efforts to sort this all out and fix the problem, instead of continuing to bash them about it.
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post #4 of 8
7/15/10 at 10:56am
Quote:
Originally Posted by Natalie_ca View Post
The situation with this company is dire. They've lost 10's of millions of dollars and continue to lose money.

Yes, they are a wealthy company, but money only goes so far. I'd hate to see this company fold because of this tragedy. Them folding means thousands of people will be out of work. With the economy and job market the way it is in the USA, that is not a good thing.

So I think we need to be supporting this company in its efforts to sort this all out and fix the problem, instead of continuing to bash them about it.
I would have agreed with you two years ago...but the entire idea of "too big to fail" has left a really sour taste in my mouth.
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post #5 of 8
7/15/10 at 11:07am
Quote:
Originally Posted by Natalie_ca View Post
The situation with this company is dire. They've lost 10's of millions of dollars and continue to lose money.

Yes, they are a wealthy company, but money only goes so far. I'd hate to see this company fold because of this tragedy. Them folding means thousands of people will be out of work. With the economy and job market the way it is in the USA, that is not a good thing.

So I think we need to be supporting this company in its efforts to sort this all out and fix the problem, instead of continuing to bash them about it.
I agree. We have enough trouble without seeing BP collapse. By the way is there a newslink as to what caused this calamity in the first place. What really caused the leak?
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post #6 of 8
7/15/10 at 11:14am
Quote:
Originally Posted by Keycube View Post
I'll be honest, I pay as little attention to the BP well situation as possible, primarily because the fact that it still IS a story probably tells me more than I need to know.

And so, this may have been covered ad nauseum, but I had been wondering if BP still "owns" the oil spewed into the Gulf. Seems as though they do, if only in part:

http://money.cnn.com/2010/06/08/news..._oil/index.htm

So, I hate to be cynical (okay, no I don't), but could that be part of the reason for the everlasting "omigosh what do we do now?!?!" method of dealing with the well itself? Every dollar spewed into the gulf is one less dollar out of BP's pocket for reparations, at least on the surface (no pun intended).

Thoughts by the more rational?
Quote:
Originally Posted by Skippymjp View Post
Actually, I'm in agreement. I said some time ago that shearing off that well casing and putting a funnel over it with the same device that could have crimped the casing shut was not an effort to contain, it's BP still working their well.
The thought that BP is only doing what allows it to exploit the well has crossed my mind more than once.
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post #7 of 8
7/17/10 at 8:18am
The longer it takes to fix this disaster in the Gulf, the more convinced I become that BP is trying to pull one over on us. I'm starting to believe that BP has no intention of killing this well. They are trying to figure out a way to make this the oil producing dynamo that they estimated it was before the DeepWater Horizon blew up. I personally think they have every intention of continuing to produce oil out of this well, and disguise it....call it relief wells, containment caps...whatever....just keep pumping up the dollars.
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post #8 of 8
7/17/10 at 8:22am
Let's all just hope this repair that has been done is going to work.
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