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BP expresses 'significant uncertainty'
about settlement for 2010 Gulf spill

The Hill [Washington, DC], by Zack Colman

Original Article

Posted By:LadyVet, 10/30/2012 6:56:38 PM

The British oil firm BP on Tuesday warned it might be unable to reach a settlement with the U.S. government over the 2010 Gulf of Mexico spill. “BP is in ongoing discussions with the DOJ [Justice Department] and other federal agencies regarding a possible settlement of these claims and whilst it is ready to settle on reasonable terms, a number of unresolved issues remain and there is significant uncertainty as to whether an agreement will ultimately be reached,” BP said Tuesday in its third-quarter earnings report. BP could owe as much as $21 billion in Clean Water Act fines alone, on top of

Comments:
Eric Holder's DoJ is pressuring BP to settle this so that announcement can be made before election day in plan to buy Florida votes. Since the money would go for "wildlife habitats," Florida would be the state to get almost all this money, not Alabama, Mississippi, or Louisiana where the economic damages occurred. To get BP to agree to the deal before election day, the deal was structured so that BP would get the tax breaks. Take from the evil oil company and give to the liberal's pet cause. Spread the wealth.

      


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Reply 1 - Posted by: strikingviking, 10/30/2012 7:04:56 PM     (No. 8975459)

Obama's regime bypassed the established legal procedures for apportioning blame and awarding damages in a court of law. Instead, he strong-armed BP to agree to funding a mega-bucks slush fund for his discretion in rewarding friends and punishing enemies.

This is what Fascist regimes do.

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Reply 2 - Posted by: crimea river, 10/30/2012 7:20:12 PM     (No. 8975480)

I recall that BP was already pressured to put $20 billion into a fund at the time of the spill. This was to be used to settle claims against BP. So now BP has to come up with another $21 billion in fines. This has to be the biggest shakedown outside of Russia.


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R-G1
  
R-VAR_AD


 
Reply 3 - Posted by: skedaddle, 10/30/2012 7:28:17 PM     (No. 8975495)

I have no love lost for BP but they need to lay low until, hopefully, January. Then some people with morals will be available for settlement discussions.

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Reply 4 - Posted by: razorx22, 10/30/2012 7:50:12 PM     (No. 8975533)

To all the people cheering the government going after BP - 2 words.

YOU'RE NEXT!

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Reply 5 - Posted by: Kurto, 10/30/2012 8:22:16 PM     (No. 8975587)

BP will need to settle this with the Romney administration. Then, then can pay up, less the 0bama/Holder shakedown, and move on.

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Reply 6 - Posted by: kanphil, 10/30/2012 9:19:42 PM     (No. 8975717)

BP got a notoriously bad deal under Obama. They could certainly reach a more business like settlement with a Romney administration. Incidentally, Boehner and Cantor were complicit in the unlawful dealings of Obama because they censored Congressman Joe Barton of Texas when he called the Obama deal what it was--a shakedown.

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Reply 7 - Posted by: Rumblehog, 10/31/2012 12:47:49 AM     (No. 8976017)

I don't recall any evidence of the oil ever being found. So what's the big shakedown all about?

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Reply 8 - Posted by: 3XALADY, 10/31/2012 8:14:48 AM     (No. 8976304)

I'm in SW FL and radio ads are being run locally by some attorneys (of course!) that YOU could be eligible for some of BP's money if you own a hotel, are a hair dresser, get out of bed in the morning. Just kidding about that, but it's about the truth. I can't believe who all they are saying can get the $$. IT IS A SHAKEDOWN. And Zippy had his hand out first to the tune of $20 billion.

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