Send a Tweet
Most Popular Choices
Share on Facebook 3 Share on Twitter 3 Share on LinkedIn Share on Reddit Tell A Friend Printer Friendly Page Save As Favorite View Favorites
Exclusive to OpEdNews:
OpEdNews Op Eds

"A Bidding War For Recovered BP Oil: Why Not A Carrot Instead Of A Stick?"

By   Follow Me on Twitter     Message Jeffrey Toney       (Page 1 of 3 pages)     Permalink    (# of views)   19 comments

Related Topic(s): ; ; ; ; ; ; , Add Tags
Add to My Group(s)

View Ratings | Rate It

opednews.com Headlined to H2 6/12/10

Author 49500
- Advertisement -

Everyday we awaken to more disheartening news about the BP oil spill. BP executives attempt to appear sympathetic about this disaster, saying that they will "make it right". A common theme is emerging: initially, BP executives describe things in the most positive light, stating "minimal effect on the environment" and later: "Now that the cap is in place, a trickle of oil remains"".


Copyrighted Image? DMCA

- Advertisement -

Then external observers, including scientists and engineers, provide a very different assessment. The initial flow rate was far more than that initially described by BP, and the amount of oil "trickling" from the cap is hardly a trickle more akin to periodic geysers.

- Advertisement -

Blame is being assigned broadly, to BP itself to federal regulators to President Obama. The "$75 million liability limit" has been given much attention; now it is recognized that liability and damages will likely be in the billion dollar range.

- Advertisement -

BP's CEO has indicated that they will pay investors well over $10 billion this year in dividends for shares in the company, so a $1 billion penalty would be a relative "slap on the wrist" in response to this environmental disaster.

Next Page  1  |  2  |  3

 

- Advertisement -

View Ratings | Rate It

opednews.com

Jeffrey H. Toney is Dean of the College of Natural, Applied and Health Sciences at Kean University and is a Trusted Author at OpEdNews. He received a B.S. in Chemistry at the University of Virginia and an M.S. and Ph.D. in Chemistry at Northwestern (more...)
 

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon Share Author on Social Media   Go To Commenting

The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Follow Me on Twitter

Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles