[...] This post was mentioned on Twitter by Steve: Shamy, gordon coombes, The Perceiver, AL, WorldNewsRecord and others. WorldNewsRecord said: rawstory: What spill? Rig owner approves $1 billion dividend to shareholders: http://bit.ly/d0utw1 [...]

No one should believe a word that they tell you.

Ain't it wonderful when you win you win, when you lose you win. and we pay out the nose at the pump.

The rich get richer and to hell with everyone else. What a joke.

Lou
http://www.total-anonymity.se.tc

And this isn't criminal. Strip corporations of personhood; put executives on trial. Freeze the assets of these companies while they have some and strip all shareholders of value until liability claims are settled.

I hope this spill washes up in the wealthiest coastal areas and ruins rich folks beach properties for decades to come.

Perhaps, for expediency, we can refer to BP, Transocean and Halliburton collectively as SHELL-GAME OIL…

If I decided to make a big payout and divert my assets while I was being sued (or even going through a divorce), the courts would immediately hand me my a$$.

America and the President have been put on Official notice raise all the hell you want ,then SHUT UP SIT BACK, we are in charge and WE are PROVING it.

Right and the White House WILL FOLLOW ORDERS and DO AS IT IS TOLD, Remember Rhaum Emmanuel is going to make sure that is EXACTLY what Happens.

BP has just said shut your Wimpy ASS Government means NOTHING to US, and here is the PROOF.

This is the best reason I have heard yet for removing ALL caps on liability for the oil companies, the oil services companies and the oil drilling companies. While this company seeks to limit its liability to 27 Million Dollars, the estimated cost of recovery and removal of the rig from the ocean, it pays out a Billion Dollars in dividend to its shareholders. And we the taxpayers are stuck with an ever skyrocketing clean-up bill from the gross negligence of the companies involved. Before this thing is over, we taxpayers will have paid out a Trillion Dollars minimum with no hope of recovery. The countries whose fishing and tourism industries we have allowed these bloodsuckers to destroy will be looking to us for compensation and mitigation. And you can bet that very soon the weaselly statements of BP about payment for the damages they have caused will soon be solidified into 75 Million Dollars. Count on it.

What? all I am saying is this is the dumbest most incoherent comment of the day. Woot!

quick
pay out all the profits now
so nothing is left to attach ~

they know they are about to loose their ass,so distribute as much as you can where you are going to hideout so those people will be cover for you. when the afghans do that we just bomb them all. the oil companies are using their share holders as human shields. the only differance is they are paying their shields and they don't have to worry about getting rocketed by a drone.

Rescind corporate charters.
Revoke permits.

Hurricane season is coming. What's the chance oily seawater will be lifted up in a storm and dropped all over the office windows of the many Houston oil execs?
Then we'd see some quick action.

We don't seem to have any problem with capital punishment for the poor.

Smoke a joint and go to jail. Destroy an entire ecosystem and get a check. I'm going to waterboard my car.

Of course, the carrier re-insured this exposure, so the impact is radiating throughout the insurance system. Other oil companies, drillers and insurance clients in related countries will see their premiums increase and we'll see higher prices for goods and services. Trans ocean is wisely emptying the vault so there won't be anything to pay anyone with.

It's likely that there are dozens of companies owning a few rigs each, compartmentalizing the liability exposure.

TransOcean….13 employees in Zug…..1500 employees in Texas…….but they're incorporated as a Swiss company.

Gee whiz, i wonder why?

Fucking robber barons.

Sarah, you lost the election…give it up. You have a special needs child at home that really needs you. Who's watching him? Also, maybe you should keep closer tabs on your oldest daughter so she doesn't surprise you with any more illegitimate children. She probably needs you around instead of gallavanting around the country searching for stardom. Best wishes.

Sarah, you lost the election…give it up. You have a special needs child at home that really needs you. Who's watching him? Also, maybe you should keep closer tabs on your oldest daughter so she doesn't surprise you with any more illegitimate children. She probably needs you around instead of gallavanting around the country searching for stardom. Best wishes.

This proves Transocean's claim (to limit liability) the rig is only worth 26 million is false. Sounds like it's worth $560 million and according to law their trying to hide behind, that makes their liability up to $560 Million.

Also, isn't insuring something way beyond it's value insurance fraud?

Dan

“Then we'd see some quick action”

yeah….we'd see them move their offices a bit further inland…..

Hmmm…having received a notice of intent to foreclose, maybe I'll torture my house with fire. There are only about 50 other people in my building.
Maybe I'll get a public service medal, huh?

Getting the money off the books as quickly as possible?

13 employees to run a post box? Wow! That's a lot of mail.
:D
But still, I wonder why there aren't incorporated on Grand Cayman, or one of those nice islands. In comparison, Swiss taxes are still high. Maybe it's because of the proximity to the big banks help them conceal their money flow, or something like that.

“13 employees to run a post box? Wow! That's a lot of mail.”

lol….indeed :)

“But still, I wonder….”

Good question. Though i failed to find a definitive, verified answer, i came across a few interesting things:

– “Transocean Ltd. Shares Begin Trading on SIX Swiss Exchange” [reprinted lots of places as an article, it's origin is a company press release, found here: http://phx.corporate-ir.net/phoenix.zhtml?c=113... ]

– “Spill thrusts Transocean into spotlight it shuns” …..”Simply put, rig owners view too much attention as bad for business, and Transocean, the Switzerland-based industry leader with a history of ex-military managers, is no exception”. …./….”The past year will have done little to change that. First, Transocean moved its headquarters from Houston to the foot of the Swiss Alps in early 2009, in a move mainly aimed at saving on taxes.”…..”And Transocean's move of its headquarters and tax domicile to Switzerland from the Cayman Islands just over a year ago will probably come up.

Noble Corp followed it, along with a few other companies with few fixed U.S. assets, and analysts interpret those moves as a response to fears that President Barack Obama would seek to increase the tax burden on U.S. companies based offshore. Yet Transocean's history is pretty multinational. It grew out of a series of mergers in the past 14 years, starting with the purchase by Birmingham, Alabama-based Sonat Offshore Drilling Inc of Norway's Transocean ASA in 1996″ (company history continues….)

[Reuters article, found here: http://www.reuters.com/article/idUSTRE6496M0201... ]

How many members of the Bush/Cheney family are shareholders in Transocean . . . . just askin'??

what a fucked up society we live in…

I'll take that fucking bet. It's amazing to watch otherwise intelligent people stoop to uttering pleasing platitudes and indulge in useless little make-work conversations in the face of this catastrophe. It is nothing less than crass, infectious cowardice.

Robert S. Finnegan
UNITED STATES MARINE CORPS
rsfinnegan@gmail.com
Jakarta, Indonesia

I truly hope you're right about the assumption of total responsibility for the costs of the clean-up. However, given BP's refusal to give a straight answer to the President, Congress or the Press, it tends to make you think that the management of BP is simply looking for a way to do this in a manner that won't provoke too much outrage. Wouldn't it be nice if BP just came out with a solid answer that said it was assuming responsibility, including financial responsibility for the clean-up? I'm waiting and hoping, because I sure as Hell don't want to have to have my government print a gazillion more funny money dollars that my grandsons' children will still be paying for.

TransOcean used to be incorporated in Delaware, but moved to Zug because Zug has a special deal for corporations that they pay NO income tax on any money earned OUTSIDE of Switzerland. Inasmuch as Switzerland is a landlocked country, the chance that TransOcean would generate ANY earnings in Switzerland is very remote. Basically, they are there tax free. So the offer by the mayor of Zug to donate TransOcean's taxes to help clean up the spill is pretty hollow, given that TransOcean pays no income tax there.

If you're a still a shareholder in Transocean, knowing what they have done in the gulf…you are just as culpable as all of the Oil executives and the Greed Squids of Wall Street for the economic rape of our country and the environmental damages of the oil spill that occurred on their watch and in the name of profit.
Shame on you for supporting this greed with your shares.

Thanks for the info on Switzerland's tax code, jimhadstate – good stuff. Where does the Delaware thing come from though? I'm not seeing any record of their history there….

From the 1500s until 1886, corporations were considered the artificial creations of their owners and the state legislatures that authorized them. Because they were artificial legal entities, created only and exclusively by the states and sometimes referred to in the law as artificial persons, they were subject to control by the people of the state in which they were incorporated.

It's clearly time to return to the laws that were meant to control the rampant greed of corporatism by reinstating the early laws meant to control greed abuse. Some examples of our early laws regarding the regulation of corporations that now need to be revisited:

1.Corporations' licenses to do business were revocable by state legislatures if they exceeded or did not fulfill their chartered purposes.

2.The state legislature could revoke a corporation's charter if it misbehaved.

3. The act of incorporation did not relieve corporate management or stockholders/owners of responsibility or liability for corporate acts.

4. As a matter of course, corporation officers, directors or agents couldn't break the law and avoid punishment by claiming they were “just doing their job” when committing but instead could be held criminally liable for their crimes.

5. State, not federal courts heard cases where corporations or their agents were accused of breaking the law or harming the public.

6. Directors of corporations were required to come from among their stockholders.

7. Corporations had to have their headquarters and meetings in the state where their principle place of business was located.

8. Corporation charters were granted for a specific period of time, like 20 or 30 years instead of being granted “in perpetuity” as is now the practice.

9. Corporations were prohibited from owning stock in other corporations in order to prevent them form extending their power inappropriately.

10. Corporations' real estate holdings were limited to what was necessary to carry out their specific purposes.

11. Corporations were prohibited from making any political contributions, directly or indirectly.

12. Corporations were prohibited from making charitable or civic donations outside of their specific purpose.

13. State legislatures could set the rates that monopoly corporations could charge for their products or services.

14. All corporation records and documents were open to the legislature or the state attorney general.

I recall that Rachel Maddow made that statement when she had her fake show on moving MSNBC to Zug. She gave the history of TransOcean's move to Zug as well as their flagging the drilling rig in the Marshall Islands. On that show she stated that Marshall Island inspectors had never inspected the DeepWater Horizon during its lifetime, from it's construction in South Korea to its movement to the Gulf of Mexico.

Time to put a hold on their assets, until the damage is at least done.

You know, it is far past time to bring back the guillotine….

ah, okay – thx jimhadstate, 'preciate it

Indeed. What oil leak. In fact, BP and Halliburton will be tying up their funds because of lawsuits, thus preventing them from paying for anything until they're all out of court.

In the meantime, the US taxpayer will be paying for this for decades to come. We already have precedent with the Exxon Valdez lawsuit which went on for two decades.

There's no doubt in my mind that BP is never going to pay for this cleanup. No doubt in my mind. Halliburton will be off the hook shortly and Transocean has already washed its hands of the issue. In fact, I suspect that within a year BP will be exonerated of all costs of cleanup and eventually beatified.

I wouldn't wait and hope for a multi-national corporation that has a solid record of being ethically-challanged, to do the right thing. BP, Halliburton and Transocean have some of the highest paid lobbyists in Washington who have already thrown tens of millions of dollars at the right people in Congress to prevent them from speaking out in a way that makes them responsible.

BP is responsible for producing oil, which is the backbone of the American economy. Destroying BP would be tantamount to cutting off a segment of the economy that's larger than what healthcare reform was supposed to be all about (20%).

Those people who will be getting a slice of Transocean's dividend have no intention of giving up a large chunk of cash such as that. They don't look at themselves as greedy. They look at themselves as being shrewd, smart and dodging a bullet.

And this is precisely why Transocean has already washed its hands of this issue. They have lawyers that know exactly how to keep from paying a cent to anyone. The US taxpayer can't legally challenge Transocean to participate in the cleanup of any beach or pay any insurance money. Transocean can pay a billion dollars to their stockholders and NOT A SINGLE PERSON on this planet can prevent such a transaction from taking place, nor can they legally complain to any organization or institution. There are none that have oversight.

That's the idea here. And that's why this transaction (a billion dollars to stockholders) will take place come hell or oily water.

No joke

Maybe they need some more bullets to dodge.

Why did you have to mention “Bush / Cheney”?
Now you've got me screaming at the dog.

Of course. Just “do up” the hedge funds to cover the losses.

American oil and gas industry receive anywhere between $15 billion and $35 billion a year in subsidies from taxpayers. How can you possibly not turn a profit.

Oh yeah…. and invading the 2nd largest oil producing country on the planet, then turning off the oil from there for a couple of years. While at the same time undermining OPECs ability to control the volume of oil in the world doesn't hurt either. Not to mention the fact that it was the first domino to fall that precipitated the housing market crash.

And nobody has yet gone to jail. Unfreakin believable.

For you and I it is fraud.

But for big evil oil companies it is allowed…….oh and I'm pretty sure that large commercial real estate owners who sacrifice their sky scrappers to help start wars are allowed too.

This is BP's baby. All the reports coming out point to negligence on BP's part big time. TRANSRIG argued about procedures with BP and BP won as was reported on Sixty Minutes.

[...] its very inception that the shareholders of the company whose rig blew up and caused this disaster just made $1 billion after executives approved a [...]

This planet is so fucking done. There really is no hope, not with the human pestilence still at large on this planet. It's sad, really sad. This is such a beautiful globe with all the immense diversity of life on it, and humans are delivering the death blow to it.

“BP is responsible for producing oil, which is the backbone of the American economy. Destroying BP would be tantamount to cutting off a segment of the economy that’s larger than what healthcare reform was supposed to be all about (20%). ”

Do you believe this or are you being sarcastic?

BP makes $5-$10 BILLION every three months. In what alternate reality would requiring the company to pay one or two quarter’s profit constitute destroying the company?

And what do you think you mean when you state the company would be destroyed? Do you believe that when a company goes bankrupt its assets are whisked away to a dark cave by the Bankruptcy Fairy? In bankruptcy the assets do not disappear, they simply (generally) change ownership.

I understand your point about BP throwing money around to attempt to head off any kind of meaningful reform or particular attempt to hold it accountable. However, politicians being what they have become recently, the only thing they fear more than lack of campaign donations is an enraged voting public. When the public becomes enraged, it tends to make voter turnout much higher and does not bode well for incumbents.As for noting that BP is an oil company, there are literally dozens of oil companies with ample supplies of ready cash who like sharks circling a pool of blood in the water would be more than willing to buy the various assets of BP out of bankruptcy court at fire sale prices. True, it wouldn’t hurt BP as a person, since BP is not really a person. But it would injure terribly the vast number of shareholders who thought that they bore no responsibility in running the company; they could just let the hired guns do it.In corporate law, the shareholders own the company and are the final say in any decision of consequence that the company takes. Perhaps the bankruptcy and dissolution of a giganto oil company like BP would shock the shareholders of all the other oil companies (and all companies, for that matter) into really attending the shareholder meetings and paying attention at them and challenging the management on numerous issues that seem risky. They might also pay attention to the 10C filings of their company and especially the part about executive compensation, including the Board of Directors. They also might want to have the company terminate the managers and directors liability insurance policies that the company is paying for. Then the ‘hired guns would have to think a little more carefully about what they did when the house in Cabo San Lucas were fair game in any shareholder lawsuit. I wouldn’t bet the farm on it, but it’s a nice thought.

Actually, Congress and the Senate could establish a tax specifically focused on Transocean. They do it all the time re: special interests tax breaks. Only this time, it could be a draconian tax commensurate to the damage perpetrated by these firms. Such tax law could extend to the specific corporate executives responsible, also.

The power to tax is the power to destroy. The corporations AND their executives who have profitted greatly from their recklessness should be made destitute and laid bare before one dollar of public funds is expended beyond their collective assets.

“BP is responsible for producing oil, which is the backbone of the American economy. Destroying BP would be tantamount to cutting off a segment of the economy that’s larger than what healthcare reform was supposed to be all about (20%).”

You know BP stands for British Petroleum right? They do nothing for the American economy except destroy and undermine it.

Actually, the Congress and Senate could enact a new tax law specifically focused upon Transocean, its executives, and its shareholders. Such special interest legislation is done all the time in Washington. Only this time, instead of extending the usual corruption induced tax breaks, the law could be of such draconian extent as to reach all the assets of the corporations and the reckless executives who have previously profitted from their callous disdain of the environmental consequences of their actions.

These corporations and their executives should be made destitute and laid bare by taxation prior to one dollar of public funds being expended beyond their collective assets. While I do not begrudge the small shareholders their investment, it is none-the-less equitable these specific dividends be subject to 100% tax.

The power to tax is the power to destroy. There is no reason taxation cannot be used to hold these corporations and their executives totally and completely responsible for their actions. If they all wind up in bankruptcy, that is where their actions place them. Too bad if they have to sell their private islands, mansions, yachts, etc. They reap the rewards and bear the risks associated therewith. Now THAT is capitalism.

Something along the lines of an “Environmental Impact” tax might be a reasonable starting point.

Any ANYONE has the rights to form a corporation including you. If you look at the statistics most wealthy people even Rockerfeller worked 10000% harder and smarter than everyone around him and made his money himself in whatever system and laws were in place at the time. That is life.

yea… do away with corporations and noone would take risks and noone would invent things because everyone would be too in fear of being sued and losing everything. So forget any jobs without employers or cars or someone wanting to do anything other than bartering and planting their own food and building their own home from scratch.

I thought this comment had been cancelled. Apparently it posted.

I really hope you’re wrong, although It wouldn’t surprise me if you weren’t. TransOcean may have washed its hands of this, but the manner that they have tried to do so with has so many traps and pitfalls, they can easily get snared in their own cleverness. Haliburton and BP are going to have a difficult time getting themselves off the hook if the administration has the will to pursue them. There are many, many clubs left in the bag to clear the water hazard, it just takes someone with the guts to step up and take the swing. And yes, I know that BP is a wonderful source of re-election cash. That gives me great pause.

I’m not sure you understood his point. His point was that corporations used to be governed much more strictly than they are today. He did not advocate taking away anyone’s right to form a corporation. He simply wanted corporations to be viewed as they were originally intended: a creation of the state, granted as a privilege to the holder of the charter for the convenience of making business operations more fluid. It also granted the officers, directors and shareholders immunity from personal liability for the debts of the corporation, unless the debts were incurred using unlawful methods or means. If the corporate officers broke the law in the name of the corporation, they were not shielded by the charter of the corporation from responsibility or liability for those transgression.
As to John D. Rockefeller and his ilk, it wasn’t a case of working harder. You probably should go read up on the Gilded Age. The “Robber Barons” as they became known, did not work harder, they worked in more underhanded methods and made the appropriate payoffs to let them continue their work. As they engaged in monopolistic and predatory business practices, they became bigger and bigger. As the became bigger, they became more abusive in their business practices and were in the process of strangling the economy. There were several deep recessions and one that should have been labeled a Depression but was instead labeled a very deep recession all brought about by the ever increasing constrictions of the monopolies that had come to rule business in American life.
These were eventually broken up when people got tired of being price gouged by these monopolies and the Sherman Anti-trust Act was passed.
I agree with starvapor’s points. The Congress and the States should make clear that they had no intention of bestowing personhood in the sense of living persons on corporations, that they were merely artificial entities that served functions similar to personhood.

The accounting gain is likely because of depreciation.

Well, I'm not quite as sure as you about that. There are a number of issue that can be challenged in admiralty. While I don't hold myself out as any expert in admiralty law be any means, I vaguely remember something about the incidental and consequential damages caused by a ship's sinking; that is when I was not in such a sleep stupor that things actually registered during the one class I had on it in law school. Despite being on things on the ocean, we used to say that the textbook could make admiralty law moot if it fell into any of the oceans. Because they would all disappear.

Poor timing to say the least.

[...] timing, folks. Does Transocean have a PR department? Excellent report from John Byrne on RAW Story: Five days after appearing before Congress to testify about its responsibility in one of the worst [...]

If you watch Sunday's 60 minutes segments on this topic it really does appear that BP, not Transocean is fully liable. They over ruled Transocean when the pipe was capped and chose the FAR riskier and more profitable for them approach. Transocean objected but BP prevailed and that foolish decision led to the disaster. What is even worse is that BP has a second Gulf rig that could fail even more catastrophically.

Simple solution – make it like any other insurance policy.

Free to do whatever you want – no restriction or regulation BUT NO LIMITS ON ANYTHING

Follow our safety regulations etc and you have your cap (higher than the laughable amount now – but none the less a cap)

Now on to the rant. I live in New Orleans and this is a total cluster. BP COO came out and said he has no specifics on whether BP pushed Transocean to move faster thus introducing the risk. He is a douche bag to say the least. We all know BP sucks a$$ – no really, they suck the money right out of everything.

Transocean – SHAME ON YOU!! Just because you knew you would not pay for this disaster, I'll be damned if you didn't know something was wrong. 7 years of perfect drilling and no injuries and all of a sudden these turd burglars come along and tell you to drill or else and you cave? What kind of panzy ass seamen are you? The captain of the vessel should have put a stop to it before it got to that point and deal with the BP fall out later. I would have gladly stopped those greedy bastards from killing my men.

We need oil, I understand that and by no means am I against drilling in the gulf. I am however against stupidity and spitting in the face of common sense. Only bad things can happen when greed blinds.

Maritime law states that the CAPTAIN is in control of the vessel. BP officials on board have no say in what that vessel does if the captain disagrees.

Transocean had leased it and was not responsible. If you lease a car and someone uses it in a terrorist act should Hertz or Toyota who made the car or Sony who made the CD player inside etc get sued?!?!?! No, they still would and should make a profit off the car the terrorist used.

you keep up girl we r behind youu

A house can cost 100k to build but there are all the other things like contents, the lot, permitting, etc that ad value and you can insure it for much more than the 100k construction cost. There are also opportunity costs, legal costs, employee compensation and MANY other things. You guys always assume it is the big bad rich guy. Obviously whoever insured them had a lot of money too and entered into the contract willfully. Do you think if it were fraud someone would just fork over 400 million right away without a lawsuit??

Incorrect – MARITIME LAW. It is an ocean going vessel.

More appropriately, let's say you leased/rented a limousine for an evening and the driver stopped to put air in the tire to avoid a blowout. You decided that you were in a hurry to get to where ever and ordered the driver to skip that SAFETY precaution and he obliged, he is not to be held accountable if anything happens?

It is very common in the oil industry for the operator and not owner of the equipment to assume most of the liability given accidents. In this case. BP is at fault and so they will pay.

If you crashed a truck you rented and caused $10m of damage by crashing it into a building which then burned down, the truck owner bears no responsibility for that, do they?

You are funny,

I take it you don’t have a car or any of the consumer goods most of us have…. How on earth do you power your laptop from your mud hut….????

Freeze all assets until the oil is cleaned up!

I’m not sure exactly what part you find amusing. BP is not the only oil company in the world. There are many of them. If BP should go bankrupt, there would be more than enough gas to power my car, although I wish I had the option of having a car totally independent of fossil fuels. There would be more than enough energy produced to continue to make consumer goods. And my desktop would keep getting its power from the coal that powers the electric plant nearby.As for making companies more responsible, if you are suggesting that no one would stay in business making any products, producing any services or creating new inventions under the circumstances described in my post, then I think you are the one that is humorous and have no understanding of how corporations evaluate risk and adjust their actions accordingly. They are simply more careful and obey the laws, rules and regulations, which unlike the Reagan, Bush I. Clinton and Bush II administrations they were allowed to circumvent or ignore. This administration is still an open question.However, if they and the other companies are compelled by private or governmental legal actions that make it too expensive to ignore the rules, they will comply. The alternative is to go out of business, which will then subject them to shareholder lawsuits. Play by the rules. That provides a more than adequate shield in the event of a calamity. And just in case you hadn’t noticed, it’s looking more and more like this was a disaster caused by BP’s decisions to ignore the rules and try to hurry. Read a little.

If you had read my reply properly you would see it said….’ YOU are funny’

I find your overly verbose, ill-argued postings a splendid source of hilarity.

BTW energy aside, I suspect you’d find it difficult to find the materials used to manufacture many things without the by-products of petroleum

And as for coal-powered electricity plants…….. how environmentally conscientious of you, perhaps you would do better to use it to heat your mud hut.

I suspect you have plenty of time on your hands so you could perhaps lobby your points in a more productive forum, perhaps a comedy store……???

The cash distribution was planned way before the disaster, it's not a reaction to anything related to the disaster. They have done these cash distributions in the past. That said, is it right to proceed given what has happened ? In my opinion, no. Disclosure : I am a RIG stock holder.

Why do you have a picture of the “West Atlas” on fire and not the “Deep Water Horizon”? Just A detail I guess…..

I have the answer for the clean-up; SHAM WOW!!!!!!!!

ALL I WANNA KNOW IS:how much does Obama and Congress make on this one. from oilfield Conglomerates…Americans are so gulibal… poor cajuns are screwed again………..Enough is Enough….The USA needs to confiscate ALL OF BP, TRANSOCEAN, and Halliburton's…….. assets …..IN THE GULF ASAP… YEA RIGHT….IT'S TIME FOR A CHANGE…SORRY I VOTED FOR THE ASS…………………….A CHANGE WE DEFINATELY GOT IN LOUISIANA………….

BP is the number one producer of gasoline in the US.

BP is the number one producer of gasoline in the US.

Th

Th

Ahahahahahahahaha,

I don’t need to argue for or against the oil companies, it was a personal attack on your mediocrity…. you’re priceless!!!!

What the hell is the actually story here? They owned the rig, BP leased it and under the terms of the contract BP has to pay for the cleanup. BP are paying for the cleanup. End of story.

I’m impressed with your passion USMC but can’t figure out your point.

We get what – about 1-2 % of our oil ever from the continentla shelf? This is what’s known as another bad deal for the village idiots (taxpayers, fisherman, and beach goers), and a great deal for the gloabl oil billionaires.

[...] other news, TransOcean the owner of the rig, just announced a $1 billion dividend to its stock owners. I hope that all of the Republican voters who are losing their livelihoods down [...]

[...] other news, TransOcean the owner of the rig, just announced a $1 billion dividend to its stock owners. I hope that all of the Republican voters who are losing their livelihoods down [...]

[...] ~here~ for the full article. View Escape The Illusion's Profile      Subscribe via [...]

http://www.rgrdlaw.com/csgrr-cgi-bin/mil?case=t…

Check this out An attorney in LA. is fileing a Class action lawsuit against Transocean. Its about damn time.

Riiight. Rockefeller as John Galt in thin disguise.

Try again.

Riiight. Rockefeller as John Galt in thin disguise.

Try again.

Riiight. Rockefeller as John Galt in thin disguise.

Try again.

We need a revolution against the corporations. Too bad we'll never see one.

Rachel Maddow MSNBC zug moving to the statement she had made her fake show. He has a history of steps your flagging TransOcean Marshall Islands Zug with drilling rig. She said on that show deep Horizon Marshall Islands inspectors during their lifetime had ever inspected the Gulf of Mexico in South Korea to build their movement is.

[...] Transocean shareholders picked up $1 billion in dividends as the company tried to hold it’s liability to under $27 million.  All of this while [...]

Such grousing! I would expect that most of these complainers are victims of their Obama vote. It was the big O, a technological simpleton, whose supporters required that he restrict oil companies to drilling only in deep water. People who work in the energy sector have to create new technology all the time in order to translate the sometimes wishful thinking of the unenlightened and ignorant into realities we all benefit from. Also, at least BP and other “greedy oil companies” give amazing amounts of money charitably that most people are unaware of. Furthermore, they are providing financial security for many of the self-employed or workers in churches and small businesses who weren't otherwise eligible for Social Security checks and would not have had adequate pensions otherwise. To my friend, who worked for a church while taking care of both her elderly mother and handicapped sister from the time she was young until they died, her small investment invested in “a greedy big oil company” where she had worked for a few years when she was very young, multiplied over time, allowing her to make it WITHOUT TAKING A CENT FROM THE TAXPAYER. She looks on Big Oil as a double blessing that has made all the difference in her life, and, just think, her story is multiplied by the millions!

Really…

Anyhoo, it’s something to feel on this.

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