In his address, Obama also bemoaned the stalling of a separate measure that would lift a $75 million liability cap on economic damages for companies such as BP during disasters like the Gulf oil spill. The Senate is considering a bill to increase that cap to $10 billion.
BP SHORTS ALL YELLING FOR $50 BILLION or $100 BILLION LIABILITY
SOME EVEN DUMB ENOUGH TO SAY $1 TRILLION
looks like $75 million
$75 million liability.. $10 billion
BP already agreed to set up a $20 billion escrow with Obama
$75 million liability/$10B .. shorts sees $1 trillion
thunderstorm .. shorts will call it hurricane
seeing a dolphin .. shorts will tell you they saw a great white shark
face the facts and the odds >> game over for you shorts
You long really don't understand the law. Yes BP can be charged criminally and get a large fine Too many attorney are stating this. Quit confusing the issue. Once criminal charges are filed, anything can happen
This is one exon valdiez a week and I am not sure if they can even stop this even with the relief well. Moreover if their is a hurricane BP is finished for good. Mark this post. BP will drop below 10.00 in thnear future because they will eventally have to file for Bankruptcy. A penny stock someday like Enron.
BP shorts, looks like game over for you guys
$75 million or $10 billion liability // BP will live and become a very profitable company
where is the $50 billion liability or $100 billion liability you guys talking about everyday.. you guys are all wrong >> YOU LOSE!!
The liability issue is what's going to drive BP stock price up or down.
$20 billion obama fund
to kill BP .. the liability have to be $50 billion or $100 billion
$75 million or $10 billion liability // BP will survive and become a very strong and profitable company ~~~> BP shorts have no hope now
Is BP protected by the $75 million dollar liability cap set by the OPA?
by admin on June 6, 2010
There was a recent article written by Roger Parloff of Forbes that offers a lot of information about if BP is protected by the $75 million dollar cap on damages that was created by the Oil Pollution Act of 1990, also known as OPA. The OPA was passed in 1990 and it states that the company responsible for the accident is limited to $75 million in economic lawsuit damages with several very large exceptions. One of those exceptions is if the company or any of its contractors acted with gross negligence or violated any federal or state safety law or regulation, the Company can not use the OPA limit. This means that if the BP, Transocean, Halliburton or Cameron violated a safety regulation, the OPA limit will not apply. Additionally, the OPA does not apply to any of BP’s federal or state cleanup costs. BP claims that they have already spent $990 million in cleanup costs as of early June.
GET A GRIP.. did you happen to read the little tid bit about Anadarko giving their 2 cents about bp? theirs sounds pretty much like congress's viewpoint. imagine that.