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So what happened to the BP oil spill?

Started by Martinus, October 27, 2011, 03:00:23 PM

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Martinus

It was like big on the news and we were all going to die and all, but then it suddenly went off the radar. Was anyone held liable? Was it stopped?  :huh:

MadImmortalMan

Most of the "we're all gonna die" theories turn out to be crap. Are you surprised?

The apocalypse was supposed to be a couple days ago too.
"Stability is destabilizing." --Hyman Minsky

"Complacency can be a self-denying prophecy."
"We have nothing to fear but lack of fear itself." --Larry Summers

Zanza

Quote from: Martinus on October 27, 2011, 03:00:23 PMWas anyone held liable?
BP. And their CEO was fired.

QuoteWas it stopped?  :huh:
Yes, took about a 100 days or so. There was a lot of media reports on that, so it didn't suddenly go off the radar.

ulmont

Quote from: Martinus on October 27, 2011, 03:00:23 PM
It was like big on the news and we were all going to die and all, but then it suddenly went off the radar. Was anyone held liable? Was it stopped?  :huh:

The oil spill fucked up a lot of the Gulf, killed a lot of animals, ruined the oysters and fishing, and sprayed chemical contaminants everywhere.  BP cut a lot of checks to a lot of people.  Ultimately everyone not in the Gulf realized they didn't care about it and started ignoring coverage.

Viking

Though to us in the oil bizness it's pretty clear what probably happened. Probably doesn't cut it for the lawyers who can't tell a packer from a plug. So it's still caught in the courts. The ADHD infecting reporters means that none of the stuff actually happening is getting reported. BP is going to pay a really really really big fine (which they have already set aside the money for) while BP will sue it's sub-contractors who will settle out of court for smaller sums.


Edit: The BP CEO wasn't fired he was transferred to Russia and will retire when the time is right. iirc
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First Corollary - "You cannot have too many soldiers, only too few supplies."
Second Maxim - "Be willing to exchange a bad idea for a good one."
Second Corollary - "You can only be wrong or agree with me."

A terrorist which starts a slaughter quoting Locke, Burke and Mill has completely missed the point.
The fact remains that the only person or group to applaud the Norway massacre are random Islamists.

Zanza

QuoteRelease date: 27 July 2010
BP today announced that, by mutual agreement with the BP board, Tony Hayward is to step down as group chief executive with effect from October 1, 2010. He will be succeeded as of that date by fellow executive director Robert Dudley.
http://www.bp.com/genericarticle.do?categoryId=2012968&contentId=7063976

Mutual agreement is public relations bullshit and means he was fired. There were recently reports that he is now working for some kind of investment company that invests into Central Asian or Russian oil wells and pipelines IIRC.

Sheilbh

He's not working for, he set up a firm with Nat Rothschild and a lot of private equity money behind them.
Let's bomb Russia!

Admiral Yi

Quote from: ulmont on October 27, 2011, 03:08:25 PM
BP cut a lot of checks to a lot of people.

This is the main reason the story didn't have legs.  You need fisherman bitching about not getting paid for the media to care.

grumbler

[Marti] So what about World War Two? It was like big on the news and we were all going to die and all, but then it suddenly went off the radar. Was anyone held liable? Was it stopped?  :huh:[/Marti]
The future is all around us, waiting, in moments of transition, to be born in moments of revelation. No one knows the shape of that future or where it will take us. We know only that it is always born in pain.   -G'Kar

Bayraktar!

fhdz

Some bacteria ate quite a bit of the oil, oddly.
and the horse you rode in on

Richard Hakluyt

BP settled with Anadarko, who paid them $4bn as their share of the disaster :

http://www.dailyfinance.com/article/bp-anadarko-settle-gulf-disaster-claims/1948991/

BP has also been given permission to drill in the Gulf of Mexico again by the US :

http://www.bloomberg.com/news/2011-10-26/bp-wins-u-s-approval-to-drill-well-in-gulf-s-deep-waters-1-.html

.....and, as fahdiz remarked, turns out that the gulf of Mexico constantly leaks oil and has bacteria that mop most of it up.

So, the compensation fund is $20bn and the lawyers will argue for years, but in general it is back to normal business.



The Brain

But Japan is a radioactive wasteland, right?
Women want me. Men want to be with me.

fhdz

and the horse you rode in on

dps

Quote from: The Brain on October 27, 2011, 05:23:17 PM
But Japan is a radioactive wasteland, right?

Now you're teasing us.  That's cruel.

Ideologue

Quote from: Viking on October 27, 2011, 03:09:01 PM
Though to us in the oil bizness it's pretty clear what probably happened. Probably doesn't cut it for the lawyers who can't tell a packer from a plug. So it's still caught in the courts. The ADHD infecting reporters means that none of the stuff actually happening is getting reported. BP is going to pay a really really really big fine (which they have already set aside the money for) while BP will sue it's sub-contractors who will settle out of court for smaller sums.


Edit: The BP CEO wasn't fired he was transferred to Russia and will retire when the time is right. iirc
A polonium watch?
Kinemalogue
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