Time to seize BP assets

  • Thread starter Thread starter AndyF
  • Start date Start date
Status
Not open for further replies.
A

AndyF

Guest
It looks like our predictable BP head can’t stomach the tragedy. He does what he can to distance himself from this gulf mess, vacations and whatever sooths the pangs.

It’s time to apply typical measures in such a predicament, particularly when increasingly signs of loss of interest in mending their problem are increasingly evident. Frankly with all the problems Louisiana has suffered due to incompetence the past few years it should threaten to secede from the union. Bet they get help pronto.

Obama seems to wimp out on this one.

AndyF
 
That would be rather difficult to do. BP is…well… British Petroleum, a foreign (UK) company.

The US can no more seize it’s assest as Mexico could seize all of Boeing’s assests.

Sure, it could sieze any physical equipment Boeing had on Mexican territory, just as we could sieze any well equipment that BP has on US soil. We could also claim any accounts that BP had in US banks, but that was the money that we into the 20 Billion slush fund.

So we might get some well drilling equipment on top of what they already have (whoop-dee-do) and maybe a refinery or two.
 
Brendan said:
So we might get some well drilling equipment on top of what they already have (whoop-dee-do) and maybe a refinery or two.
Click to expand...
BP has a bit more US assets than that - approximately $250 billion worth.
montrealgazette.com/business/fp/assets+expected+receive+plenty+interest/3171031/story.html

As the article mentions BP is already selling some of them off, in the hope might reduce some of the negative attention the company is receiving. Still, as Brendan points out, such a move would be of dubious legality. It would also be a major blow to our economy, as foreign companies would look askance at investing in the US. Then there is a whole matter of the US government being able to afford purchasing those assets, as well as how it would dispose of them.

Seizing BP assets may be emotionally appealing, but its not a sensible solution.
 
If this company is attacked to the point where they are no longer bringing in revenue, how can they be forced/expected to continue to pay for the damage they have done? I feel that they need to be able to continue to make money so they can pay for what they have done - seizing assets is not going to allow them to do that.

~Liza
 
The federal government is doing more harm in the Gulf and in AZ. There’s an agenda going on here which is very scary. We should accept all help in the Gulf that’s been offered and Obama should make good on his promise to send help to AZ rather than suing that state.
 
AndyF said:
It looks like our predictable BP head can’t stomach the tragedy. He does what he can to distance himself from this gulf mess, vacations and whatever sooths the pangs.

It’s time to apply typical measures in such a predicament, particularly when increasingly signs of loss of interest in mending their problem are increasingly evident. Frankly with all the problems Louisiana has suffered due to incompetence the past few years it should threaten to secede from the union. Bet they get help pronto.

Obama seems to wimp out on this one.

AndyF
Click to expand...
‘Seizing assets?’ Did you get this straight from the mouth of Karl Marx?
 
If assets are to be seized it should be the liberals in the feseral govt. Start with Barack Hussein Obama.
 
aicirt said:
The federal government is doing more harm in the Gulf and in AZ. There’s an agenda going on here which is very scary. We should accept all help in the Gulf that’s been offered and Obama should make good on his promise to send help to AZ rather than suing that state.
Click to expand...
What is the agenda? Can you back it up with references?

God bless,
Ed
 
If BP is criminally negligent and cannot or will not pay ALL settlements, why would seizing there assets be wrong ?
 
edwest2 said:
What is the agenda? Can you back it up with references?

God bless,
Ed
Click to expand...
Questions like this lead me to believe very few actually pay attention to the daily news, I mean real news outlets such as the Wall Street Journal and Fox not the administration toadies like the major networks and NYT to name a few. There is so much out there that points to intentional disregard for the US constitution, religious freedom and even a push toward Marxism that the question borders on naive. Do a Google or Bing search and you’ll find you’re swamped with valid references.
 
Bob_Aliano said:
Questions like this lead me to believe very few actually pay attention to the daily news
Click to expand...
I agree with you on that.
Bob_Aliano said:
I mean real news outlets such as the Wall Street Journal and Fox not the administration toadies like the major networks and NYT to name a few.
Click to expand...
LOL

I think its a good idea to get news from a variety of sources. But to say that the Wall Street Journal, which has long been regarded as leaning towards US political conservatism, and that Fox News, which was established to advance a message of US political conservatism, are the only reliable news sources is a bit silly.
Bob_Aliano said:
There is so much out there that points to intentional disregard for the US constitution, religious freedom and even a push toward Marxism that the question borders on naive. Do a Google or Bing search and you’ll find you’re swamped with valid references.
Click to expand...
eh… just because you see a lot of posts on the internet doesn’t mean that a viewpoint is correct. It just means that a lot of people on the internet believe that the viewpoint is valid.

It is far better to rely on facts (as best they can be determined), rather than opinions.
 
Seamus_L said:
If BP is criminally negligent and cannot or will not pay ALL settlements, why would seizing there assets be wrong ?
Click to expand...
Due process which means our government is obligated under the Constitution to respect the rights of the individual and that would include BP’s rights. I could hold you guilty for damages in a traffic accident. I cannot bring the police to your house and seize your belongings.
 
Seamus_L said:
If BP is criminally negligent and cannot or will not pay ALL settlements, why would seizing there assets be wrong ?
Click to expand...
Perhaps because the law caps how much financial responsibility the company bears.
And the assetts of this company are foreighn and the US government has no jurisdiction over it.
And the laws in this country respect the rights of the corporation, and no one can sieze anything without due process that would involve somehow proving bad faith on the part of BP.

etc.
etc.
etc.

Ultimately we live in a country that claims to respect the rights of the individual.
Seizure of assetts in this case would prove that our country no longer holds to the ideals put forth in the constitution.
 
Who could seize the assets, assuming this could be done? I could use a hundred million dollars - just send it to my P.O. Box. 🙂

It was announced that 1.1 million gallons of oil were cleaned up in a 24 hour period. I am watching this from multiple sources. The Media of Fear is making this sound much worse than it is. Compensation claims are being processed and things are getting done.

God bless,
Ed
 
Seamus_L said:
If BP is criminally negligent and cannot or will not pay ALL settlements, why would seizing there assets be wrong ?
Click to expand...
A little humor here: A strip club is bringing suit because the men no longer have the $$ for entertainment and the club is hurting financially. So it is filing a claim too. Only in America!!
 
edwest2 said:
It was announced that 1.1 million gallons of oil were cleaned up in a 24 hour period. I am watching this from multiple sources. The Media of Fear is making this sound much worse than it is. Compensation claims are being processed and things are getting done.
Click to expand...
eh… I am glad that BP is providing compensation to persons adversely affected, but to dismiss the reporting of the catastrophe in the Gulf of Mexico as a creation of the “Media of Fear” seems unjustified. If you have evidence to support that view, I welcome to hear of it.
 
Status
Not open for further replies.
Back
Top