Yeah and all this oil has been simply attributed to the Macondo spill together with oil from other spills and from natural oil seeps. EPA has to prove the source of the oil. Since all beaches have been cleaned this cannot be done. Innocent until proven guilty. No fines should be levied.
Yeah all they have to do is find someone with about 200 billon dollars in pocket change willing to forego lattes for a while, invest in oil and the matter is settled. Oh I forget, the stockholders will have to prove it. Not a simple matter.
The nature of predictions is that they are typically way off especially in volatile situations such as commodity prices. Only be surprised when a prediction comes true.
I don't know the answers to your questions but I imagine few legislators would like to be seen as fair to the oil industry. To me a key issue is that the enormous cleanup and repair costs provide plenty incentive for the industry to avoid spills or clean them up when they occur. These costs could be subtracted when calculating the fine. Ultimately all society needs is that oil spills are prevented as much as possible, cleaned up when they occur and damages are paid. There is no benefit to further harm companies, their employees and retirees with levying absurd penalties when disaster strikes.
I would certainly argue for changing the law. Laws are supposed to enhance justice or at least should allow room for justice. That has hardly been the case here. Under current law, rules and regulations an oil company would be well advised to completely ignore spills, vigorously deny them and have the government prove for every gallon spilled that it originated from the spill site. Of course investigators would have to collect all spilled oil in order to measure its volume; No more wild guesses and overestimates. And certainly every plankton individual would have to prove beyond reasonable doubt that it was harmed by the spill before a fine could be levied. BP should have gone by the book.
What are you saying here? You are waiting for BP to be driven out of business and then throw your worthless shares away. Strong buy you say. Not hard to see.....what do you mean?
Thats correct, everyone knows the South is not capable of much on its own. Without the big federal subsidy #$%$, where would you be? Yes, you are correct.
Gulf is recovered from oil spill. 5-6 states are continuing to harm the Gulf every day by dumping massive amounts of sewage and agricultural run-off into the Gulf. This has been much more damaging than the incidental oil spill but suing BP is much more lucrative than suing oneself.