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BP p.l.c. Message Board

  • profitprophetgold profitprophetgold Jun 25, 2013 12:13 PM Flag

    No gross negligence- Going All IN on BP

    Thank me later

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    • I would argue there wasn't even negligence. All the errors made were common judgement errors and oversights by BP and contract workers. The real culprit was the unforeseen high pressure gas pocket they hit. Thats always a risk in drilling. The only way to avoid blowouts is not drilling at all.

      • 2 Replies to laeexv
      • "The real culprit was the unforeseen high pressure gas pocket they hit. Thats always a risk in drilling."

        That poster unwittingly just made my point. If it's "always a risk" by definition it's not "unforeseen."

        Honest longs might want to reevaluate their faulty logic here.

      • I guess you could argue it, but BP never did. It would have been a pretty costly argument to make, as it would reveal a complete lack of credibility for which the hammer would likely come down even harder. The trial evidence was pretty overwhelming for all three defendants, at least as far as ordinary negligence was concerned. That's why BP settled with the class plaintiffs and pled guilty to a dozen criminal (felony) counts (and accepted a massive fine) before the civil trial began, and at trial it pretty much admitted that it was negligent at the trial while taking issue with the gross negligence claims. Likewise, RIG pled to a misdemeanor on the criminal side (with a criminal fine that was 10% the size of BP's) and also settled the DOJ's civil claims, and both RIG and HAL pretty much acknowledged ordinary negligence at trial as well.

 
BP
40.21+0.290(+0.73%)Jan 27 4:00 PMEST

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