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TOPIC: Gulf seafood deformities alarm scientists
#20828
Re: BP- Settlement Terms 1 Year, 11 Months ago Karma: 263
Earl, lest people think that the Oil Oligarchs are even MORE contemptuous/cynical than some of the other Oligarchs, or get even MORE lenient treatment; let's compare them to the Financial Oligarchs.

As part of (the hidden and larger component of) the Wall Street bail-out/hand-outs; the Wall Street crime syndicate was bestowed who-knows-how-many-$trillions in TAX BREAKS on the "losses" they suffered -- in a "crash" they created.

What sort of "assets" did they suffer losses on? Primarily the inventory of SCAMS they had on their books at the moment the crash occurred, and which (as a result of that crash) they weren't unable to UNLOAD on more victims.

Much of these scam-products are worthless and were NEVER worth what they were purported to be worth (and valued at on their balance sheets). Thus the "tax breaks" they end up getting for this financial feces may come close to giving them 100 cents on the dollar.

But of course it doesn't END there. Because these Criminals had such an ENORMOUS quantity of bad-bets on their books when THEY detonated their own sector, there is still $TRILLIONS more in losses/financial feces -- not covered by the PREVIOUS $15 TRILLION in hand-outs.

And so we have the Fed's NEW "quantitative easing": $500 billion per year in new money-printing which is NOT going toward buying-up U.S. Treasuries (the Fed counterfeits money for that job); but rather toward buying up the worst financial feces off the balance sheets of the Wall Street fraud-factories -- at the fantasy-prices they have this crap listed at on their books.

Compared to the Wall Street Oligarchs, the Oil Oligarchs must feel hard done by...



P.S. Oh yeah, even BP hasn't tried to use the words "too big to fail" to describe itself...

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#20829
Re: BP- Settlement Terms 1 Year, 11 Months ago Karma: 218
Jeff posted-

Earl, lest people think that the Oil Oligarchs are even MORE contemptuous/cynical than some of the other Oligarchs, or get even MORE lenient treatment; let's compare them to the Financial Oligarchs.

As part of (the hidden and larger component of) the Wall Street bail-out/hand-outs; the Wall Street crime syndicate was bestowed who-knows-how-many-$trillions in TAX BREAKS on the "losses" they suffered -- in a "crash" they created.

What sort of "assets" did they suffer losses on? Primarily the inventory of SCAMS they had on their books at the moment the crash occurred, and which (as a result of that crash) they weren't unable to UNLOAD on more victims.

Much of these scam-products are worthless and were NEVER worth what they were purported to be worth (and valued at on their balance sheets). Thus the "tax breaks" they end up getting for this financial feces may come close to giving them 100 cents on the dollar.

But of course it doesn't END there. Because these Criminals had such an ENORMOUS quantity of bad-bets on their books when THEY detonated their own sector, there is still $TRILLIONS more in losses/financial feces -- not covered by the PREVIOUS $15 TRILLION in hand-outs.

And so we have the Fed's NEW "quantitative easing": $500 billion per year in new money-printing which is NOT going toward buying-up U.S. Treasuries (the Fed counterfeits money for that job); but rather toward buying up the worst financial feces off the balance sheets of the Wall Street fraud-factories -- at the fantasy-prices they have this crap listed at on their books.

Compared to the Wall Street Oligarchs, the Oil Oligarchs must feel hard done by...



P.S. Oh yeah, even BP hasn't tried to use the words "too big to fail" to describe itself...



Jeff,

I was going to mention the 2.2 billion in subsidies big oil receives, while millions of families are on food stamps. There "Federal Land" being opened to these predatory parasites.

But, the "trillions" the banking cartel has robbed.... Hmmmm...

Lets say we, split the cost on the "War for Oil" and environmental damage (HAARP and the weather derivatives vs oil spills). Split the death toll, and say you have a point. Financial Oligarch is the bigger "parasite".

I need to go print some stuff off the "Coming Collapse"-

bullionbullscanada.com/bulletin-boards/11-off-topic/7125-surviving-the-coming-collapse?limit=10&start=210#20754

Thank You
Earl
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#20861
BP temporarily "suspended" from U.S. contracts 1 Year, 10 Months ago Karma: 263
This topic was mentioned previously, since it was suggested in a previous article that BP would only receive a "temporary suspension" from receiving any more (lucrative) U.S. government contracts.

However, for those who missed that post I thought I would repeat my quip about yet another corporate slap-on-the-wrist. Temporarily suspending BP after the Gulf of Mexico holocaust, where it was grossly/criminally negligent, killing its own employees, devastating the Gulf Coast economy, and where it showed NO REMORSE is precisely equivalent to:

Telling a Mafia hit-man that you're going to "punish him" by temporarily refusing to sell him any more bullets.






BP Suspended From Contracts With U.S. Government After Spill

www.bloomberg.com/news/2012-11-28/bp-tem...-u-s-government.html

BP Plc (BP/), which agreed to plead guilty to criminal charges after the worst oil spill in U.S. history, will be suspended from winning new contracts from the federal government, the U.S. Environmental Protection Agency said today...
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#22230
Re: BP temporarily "suspended" from U.S. contracts 1 Year, 8 Months ago Karma: 218
By Julie Cart, Los Angeles Times
www.latimes.com/news/nationworld/nation/...0220,0,6895127.story
February 19, 2013, 7:22 p.m.

With the ink barely dry on the record-breaking $4-billion check BP wrote to settle criminal charges stemming from its Gulf of Mexico oil spill disaster, the energy giant now faces a protracted court battle that could cost it billions more.

The civil trial scheduled to begin next week could expose BP to about $17 billion in fines for violating the Clean Water Act. If imposed, the fine would be the largest environmental penalty in U.S. history.

The first phase of the nonjury trial will focus on the cause of the April 20, 2010, explosion that killed 11 people and spewed an estimated 4 million barrels of oil into the gulf over 84 days.

Federal District Court Judge Carl Barbier in New Orleans will decide whether BP's actions on the drilling rig were negligent — as has already been determined in the criminal case — or grossly negligent, which could force the company to pay significantly higher fines.

The second part of the trial, expected to begin in late summer, will attempt to determine how much oil was released. That difficult accounting will determine the size of the federal fine, which could be as little as $4.5 billion.

On Tuesday, an agreement was reached to deduct 810,000 barrels of oil from the government's spill estimate because some oil from the crippled well was captured by BP before it could leak into the ocean.

Legal experts had expected a pretrial settlement as attorneys from the U.S. Department of Justice and BP have been working toward a deal. But this week the London-based company announced it was dissatisfied with the government's offers and vowed to take the case to trial.

"Gross negligence is a very high bar that BP believes cannot be met in this case," said Rupert Bondy, BP's general counsel. "This was a tragic accident, resulting from multiple causes and involving multiple parties. We firmly believe we were not grossly negligent."

Whether or not BP's announcement amounts to a bargaining ploy, federal prosecutors pledge to be ready for a complicated trial that could stretch into next year.

"We intend to prove that BP was grossly negligent and that the company engaged in willful misconduct in causing this disastrous oil spill," Justice Department spokesman Wyn Hornbuckle said in a statement.

Although the case could still be settled, the decision to go to trial carries risks for both sides, said David Uhlmann, former chief of the environmental crimes section at the Justice Department.

"The most difficult issue for the judge to decide is how much oil was spilled," said Uhlmann, now a professor at the University of Michigan Law School. "It's not like there was a meter on the well. No one knows to a degree of scientific certainty how much oil was spilled into the Gulf of Mexico."

The oil flow rate and the degree of negligence are critical to assessing the civil penalties.

The company would be required to pay $1,100 for each spilled barrel under the Clean Water Act. But that fine would rise to $4,300 per barrel if BP were found to be grossly negligent.

Uhlmann said years of litigation would serve no one's interest. "The government would like to get as much money going to Gulf Coast restoration efforts and restoring the Gulf Coast economy as fast as possible, and BP desperately wants to move on from this tragedy," he said.

Even if the company reaches a settlement and averts a trial, BP's tab for fines, cleanup costs and restoration efforts could climb to more than $50 billion, experts say.

BP's profit fell nearly 80% in the fourth quarter in results released this week, reflecting the recent payouts related to the criminal charges. The company said that its net profit fell to $1.62 billion in the quarter ending on Dec. 31, down from $7.69 billion in the same period the year before.

Although the company has weathered the financial hits so far, there are substantial payouts in its future.

Some analysts believe BP has paid enough.

"Although BP has the money to meet any additional payments and penalties in connection with the oil spill, that does not mean that it will be the money train for federal, state and local governments," said Fadel Gheit, an energy analyst with Oppenheimer & Co.

To date, the oil giant has racked up more than $24 billion in spill-related expenses.

Despite expert estimates that put the costs higher, BP figures it will spend about $42 billion to resolve its total liability for the disaster in the deep waters 50 miles off the coast of Louisiana. At the height of the spill, oil coated nearly 1,100 miles of shoreline.

The recent $4-billion criminal settlement will be split five ways: $2.4 billion to the National Fish and Wildlife Federation for ongoing restoration efforts, $1.15 billion to the Oil Spill Liability Trust Fund, $350 million to the National Academy of Sciences for research into oil spill prevention and response, $100 million to the North American Wetlands Conservation Fund and $6 million to the federal Treasury.

The more than 100,000 private claims against BP and others have been consolidated into one group, with compensation to be supervised by a district court in New Orleans. The company estimates the payout on those claims will total nearly $8 billion.

For those who opted out of the class-action settlement, there is a separate claims process that has paid out nearly $400 million so far.
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#22235
Re: BP temporarily "suspended" from U.S. contracts 1 Year, 8 Months ago Karma: 168
I normally use a light insecticide in my house to protect against cockroaches, but this time because I did not find that light pesticide and the roaches were getting to me. I bought Baygon and sprayed a lot of it all the while inhaling it thinking that it is just like my normal light pesticide.

After sometime I tried to sleep but I was unable to do so, a couple of times my breathing just stopped and I had to push myself to breathe, my wife and kids also felt very uncomfortable. Thank God that he saved us and nothing happened to any one of us. I quickly got up and googled and found that I am showing symptoms of Baygon poisoning which is a "Petroleum based insecticide"

I took my family out of the disaster zone and we roamed around in the car with our windows down for an hour before checking into a hotel to spend then night there because of the environmental disaster in my house!

I can just imagine what all those sea creatures must have gone through, I still feel heavy in my chest even now sometimes.
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#22242
Re: BP temporarily "suspended" from U.S. contracts 1 Year, 8 Months ago Karma: 218
Samix,

LOL, you remind me of a classic "Earl" moment.

I started making my own "solutions" when I got flea infestation, roaches and spiders (shhhhhh). You buy "concentrate" and there's a shot glass available seperately for "activation" and "time release". It worked well. I guess the combo isn't avaiable or has shelf life. But, if you mix and spray (it works).

Well, "Earl" had a few festive beers one day and was talked into a deep freezer. A deep freezer a "single" person doesn't need. It was easier to take the damn thing than turn the people down.

Turns out, there was a thriving "colony" of roaches in the freezer. I hadn't seen that many fly to a light in years. Plus the ground troops doing "recon".

Having no way to actually drive to the store. I searched my shelves and made my own concoction. I found some concentrate (the base, "I'll just double, no triple that mix), then I found some "Malathion", I used on plants. "A shot works for plants, lets see what a half a bottle will do #&^%$%.

I took my sprayer and proceeded with my best impression- "SAY HELLO TO MY LITTLE FRIEND". I sprayed and sprayed and drank some more.

I'd mixed "Malathion OIL". Enough to cover 100 acres in a small city house and yes the yard in case some thought they'd get away.

Needless to say, three days later I returned home. A week later the backyard grass was dead, Even the moths stop coming bye.

LOL- I read the labels now too.

Take Care- From my Family to Yours,
Earl
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#22243
Re: BP temporarily "suspended" from U.S. contracts 1 Year, 8 Months ago Karma: 263
I'm feeling like a broken record here today, but again I see "two things" to comment on (lol).

1) The difference between "criminal justice" and "civil justice" (and then, of course, there is the theoretical concept of "real justice" - lol).

2) How the propaganda machine CONTINUALLY uses the same, ridiculously simplistic argument when dealing with the LARGEST crimes of the LARGEST Oligarchs (i.e. primarily Big Oil and the Big Banks). If they have been fined "the most ever" then automatically this means they have "paid enough".



Yes, who cares if the Oligarchs have committed a crime a thousand times worse than anything else in history (i.e. 100,000% worse). If they pay a fine which is 10% bigger than the previous "biggest fine" then this MUST be "justice."



Think I'm exaggerating when I talk about crimes "a thousand times worse" than anything prior to it? Recall our CURRENT $500+ TRILLION LIBOR-fraud scandal. Pull out your calculator and calculate how much larger in scope this is than anything else previous (that is, previously exposed). What's the appropriate fine for being a party to a fraud of such magnitude, which impeaches the integrity of the entire, global financial system? Certainly not the PENNIES paid by Barclay's.



Given the need to DETER these psychopaths from ever attempting another fraud of this magnitude, a 1% fine would seem to be appropriate: $5 TRILLION. Similarly, what is the "appropriate fine" to levy against BP for turning the Gulf of Mexico into a toilet, endangering the health of millions, and destroying the livelihoods of 10's of thousands?

REALLY hard to put a price tag on something this heinous/gigantic, but once again $5 TRILLION would seem to be a good, ball-park number.

So we have our "civil justice" -- i.e. where the Oligarchs pay some fraction of 1% for the harm caused by their raping-and-pillaging. Then we have our "criminal justice" -- i.e. totally non-existent justice. Note the grim significance of this.

Criminal verdicts are first of all the only verdicts which ever REALLY capture the attention of the Sheep. In their own lives (on the LOWER tier of the two-tier "justice"); they know that if you only get a fine then you haven't done anything "really bad" -- no matter what those bad, old "environmentalists" try to tell people. Secondly, criminal verdicts are the only ones who punish the INDIVIDUALS (i.e. individuals in management) for these crimes.

What this means on a practical basis is that there is ZERO DETERRENCE for gigantic crimes by large corporations (other than some bad publicity and a temporary drop in share price). But note the world is entirely different for the "small fish". If one of THEM does the same thing done by a BP or a JPMorgan; they will be prosecuted to the full extent of the law, paraded around as a scapegoat; and then the government will thump its chest and boast about how "it's tough on white-collar crime."



Note the two-for-one payoff from such circuses. Not only do they obtain the propaganda value of a scapegoat, but they weed out the smaller competitors for the Oligarchs.

Check out the CFTC's website, and look at the MANY "enforcement actions" it takes, but where it actually hands out any PUNISHMENT. All small fish.
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#22244
Re: BP temporarily "suspended" from U.S. contracts 1 Year, 8 Months ago Karma: 263
samix wrote:
I normally use a light insecticide in my house to protect against cockroaches, but this time because I did not find that light pesticide and the roaches were getting to me. I bought Baygon and sprayed a lot of it all the while inhaling it thinking that it is just like my normal light pesticide.

After sometime I tried to sleep but I was unable to do so, a couple of times my breathing just stopped and I had to push myself to breathe, my wife and kids also felt very uncomfortable. Thank God that he saved us and nothing happened to any one of us. I quickly got up and googled and found that I am showing symptoms of Baygon poisoning which is a "Petroleum based insecticide"

I took my family out of the disaster zone and we roamed around in the car with our windows down for an hour before checking into a hotel to spend then night there because of the environmental disaster in my house!

I can just imagine what all those sea creatures must have gone through, I still feel heavy in my chest even now sometimes.



Samix, you may have really opened the proverbial "can of worms" here. I'm guessing we could all supply at least one "reckless use of chemicals" argument. Mine is a little less dramatic, but has the same stupidity-quotient.

I wanted to water-proof a new pair of hiking boots, I did actually glance at the label and note "spray in well-ventilated area"; and then proceeded to apply it in my tiny laundry room...after all, it was cold outside.



When I woke up the next day with a pain in my right side (in the same area my liver is located), I read the label again -- and this time I made sure the words sunk in. I little bit of a chill for a minute or two is much preferable to a sore liver...



P.S. If anyone else feels compelled to share their own "I was an idiot with chemicals" anecdote (lol); please start a NEW thread -- or else we'll end up 'losing' the whole dialogue inside a non-related post.
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#22245
Re: BP temporarily "suspended" from U.S. contracts 1 Year, 8 Months ago Karma: 218
Jeff,

P.S. If anyone else feels compelled to share their own "I was an idiot with chemicals" anecdote (lol); please start a NEW thread -- or else we'll end up 'losing' the whole dialogue inside a non-related post.


LOL- Don't encourage it.

Because-

I wanted to water-proof a new pair of hiking boots, I did actually glance at the label and note "spray in well-ventilated area"; and then proceeded to apply it in my tiny laundry room...after all, it was cold outside.

When I woke up the next day with a pain in my right side (in the same area my liver is located), I read the label again -- and this time I made sure the words sunk in. I little bit of a chill for a minute or two is much preferable to a sore liver...


I did that too. Figured the pain was from the beverages (LOL). I guess I was wrong.
Thanks, Jeff

Cheers,
Earl
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