Necronic
Staff member
So there is a law in place that limits the maximum a company can be liable for an oil spill (beyond cleanup costs.) This is for stuff like fishermen that loose money and shit like that. The cap is currently 75 mil, which is, really low.
Its so low in fact, that Congress is trying to pass a bill that will increase that 75 mil to a more reasonable amount. 10 billion. That's not a typo. Its a B. And here's the best part, they are going to try and make the limit apply retroactively so BPs liability increases from 75 mil to 10 bil, and at this point I'm guessing its quite likely that 10 billion could easily be hit.
Like sex criminals, I don't think many people are fans of BP right now. As someone who works in the oil/gas industry their management somewhat disgusts me. They have a history of fucking up and killing people, which is a disgrace to the industry, and now they just created the greatest enviromental disaster this country has ever seen.
That said. How can anyone think its acceptable to do this? The precedent this sets is monstrous. Any federally mandated liability cap can be modified whenever we want? No. That's not ok. The argument some lawmakers are giving is that the risk has risen dramatically over the last 2 decades (I think the original cap was introduced in the 70s or 80s), but if that's the case (and I believe it is) then they should have increased the cap before. FFS, they could have at least stopped rubber stamping shitty designs like this one.
This is an appalling move by the democrats in my mind, and just shows to me how much they are interested in being crowd pleasers who will whore out the rule of law to look like Captain Planet. (I'm kind of drunk right now, to be honest I feel this way about pretty much everyone in politics. Except Obama, I think he's just giving the world the finger and doing it his way, which I respect.)
Its so low in fact, that Congress is trying to pass a bill that will increase that 75 mil to a more reasonable amount. 10 billion. That's not a typo. Its a B. And here's the best part, they are going to try and make the limit apply retroactively so BPs liability increases from 75 mil to 10 bil, and at this point I'm guessing its quite likely that 10 billion could easily be hit.
Like sex criminals, I don't think many people are fans of BP right now. As someone who works in the oil/gas industry their management somewhat disgusts me. They have a history of fucking up and killing people, which is a disgrace to the industry, and now they just created the greatest enviromental disaster this country has ever seen.
That said. How can anyone think its acceptable to do this? The precedent this sets is monstrous. Any federally mandated liability cap can be modified whenever we want? No. That's not ok. The argument some lawmakers are giving is that the risk has risen dramatically over the last 2 decades (I think the original cap was introduced in the 70s or 80s), but if that's the case (and I believe it is) then they should have increased the cap before. FFS, they could have at least stopped rubber stamping shitty designs like this one.
This is an appalling move by the democrats in my mind, and just shows to me how much they are interested in being crowd pleasers who will whore out the rule of law to look like Captain Planet. (I'm kind of drunk right now, to be honest I feel this way about pretty much everyone in politics. Except Obama, I think he's just giving the world the finger and doing it his way, which I respect.)