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BP p.l.c. Message Board

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  • usaf_ghost_rider usaf_ghost_rider May 4, 2010 7:48 AM Flag

    Bp liability limited to only $75 million on economic damages

    Liability limits in the 1990 Law DO NOT apply when safety, conduct issues are evident -- BP "qualifies" for both , notably safety violations. They have a LONG track record of fighting the US Govt on safety regulations --- in court, you just cite these violations and the limits go away BIG TIME.

    They have OPEN ENDED liability

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    • The biggest loss is not to BP but the American people. This administration has set out to attack big business, banks, even venture capitalists that start new businesses. I have already have one hedge fund refuse to invest in our technology as we are located in the U.S. Taxes are lower in China with better growth opportunities.

    • How can you say that when fault has yet to be determined? What will happen to BP's share price if the investigation uncovers Haliburton or Transocean is actually at fault?

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