BP Oil Spill UpDate

Just over 4 years ago the Gulf was the site of the world’s worse oil spill….that is right the BP debacle….I live on the gulf Coast and had to live with the horrible pics of the day….my state was a bit luckier than the others because we have a chain of barrier islands that sort of protected our beaches from the gunk………but thanx to the spill the economy was crashed into the Gulf and it is slowly coming back….still not a 100% but it is trying……..

I bring this up because BP is still fighting the penalties that have been leveled at them……and new info has been reported……..

A federal judge has ruled that BP’s reckless conduct resulted in the nation’s worst offshore oil spill, leaving the company open to billions of dollars in penalties. US District Judge Carl Barbier’s ruling today could nearly quadruple the amount of civil penalties BP could face for polluting the Gulf of Mexico with its Macondo well blowout. Barbier presided over a trial in 2013 to apportion blame for the spill that spewed oil from April 20 to mid-July 2010. Eleven men died in the explosion; BP already has agreed to billions of dollars in criminal fines. Barbier says BP bears 67% of the blame for the spill, drilling rig owner Transocean Ltd. takes 30% of the blame, and cement contractor Halliburton Energy Services takes 3%.

I have said all along that BP will some how get out of these fines and penalties….why would I think that?  look at the Exxon Valdez spill from the 80’s…..Exxon has never paid what they were ordered to pay and BP will slither out of their responsibility somehow.

I will be watching this to see if I am predicting correctly or not……..what is your guess?

One thought on “BP Oil Spill UpDate

  1. And it’s not as if they would be handed an appropriate fine, never mind jail sentences, or mandated corporate dissolution. (aka The Death Penalty for corporate “persons”.)

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