Civil fine in Gulf spill could be $4,300 a barrel - GoFuckYourself.com

SuzzyQ · 05-26-2010, 08:57 PM

I just read this on Fox News web site.

The U.S. government could fine BP up to $4,300 for every barrel of oil gushing into the Gulf of Mexico -- a provision in federal law that some lawmakers are citing in their efforts to keep precise record of the spill's magnitude.

Reuters reported Wednesday that a clause within the U.S. Clean Water Act may expose BP and others to civil fines that are not limited to any finite cap.

The Act permits the government to seek civil penalties in court for every barrel of oil that spills into U.S. waters, according to Reuters.

Sen. Bill Nelson, D-Fla., and other lawmakers are highlighting the clause in their push to quantify the barrels of crude oil leaking into the ocean. An aide to Nelson told FoxNews.com Wednesday that the senator is pressing for BP to release more video footage showing the oil leaking from the well.

The environmental group Sierra Club estimates that the April 20 explosion at Deepwater Horizon has released more than 1,444,952 barrels into the Gulf as of midday Wednesday. By that estimate, BP would owe more than $6.2 trillion in fines so far if the federal government imposes a $4,300 penalty per barrel.

The Reuters article http://www.reuters.com/article/idUSN25143995

mmcfadden · 05-26-2010, 08:58 PM

and your grandkids wouldn't even see the end of that lawsuit.... better to just hire mr fingers and take care of biz where it hurts

Intrinsic · 05-26-2010, 08:59 PM

you never know it might put bp out of biz

DateDoc · 05-26-2010, 09:17 PM

the US govt isn't going to put BP out of business

Spudstr · 05-26-2010, 09:27 PM

Quote:

Originally Posted by DateDoc

the US govt isn't going to put BP out of business

Although BP isn't a US company and doesn't really pay US taxes, I don't see why the government wont grill BP and take them for what they are worth.

So what happens to BP if they get fined into hell and back? They are forced to liquidation and other companies buy their assets. Preferably Exxon since it is a US company and pays taxes.

or those crazies in the government who want the US to control the oil as a government body get their way and yet we are one step closer to to socialism... er I yeah. (tinfoilhat)

96ukssob · 05-26-2010, 09:34 PM

guaranteed gas prices will go up because of this. they will claim a shortage in oil or some BS that will raise the cost.

its not like even at a billion dollar fine would take a dent out of their bank account

Marcus Aurelius · 05-26-2010, 09:38 PM

BP were insured

they wont pay a dime.

fatfoo · 05-26-2010, 09:48 PM

BP oil spill leads to many birds are stained with oil, also.

dynastoned · 05-26-2010, 10:08 PM

Quote:

Originally Posted by Intrinsic

you never know it might put bp out of biz

LOL yeah right

thanks for the chuckle though

dynastoned · 05-26-2010, 10:27 PM

http://www.bpoilspillgulf.com/bp-oil...live-feed.html

god damn look at how much oil is spewing out of that. it has to be at least a barrel every 10-20 seconds.

LoveSandra · 05-27-2010, 02:01 AM

Quote:

Originally Posted by DateDoc

the US govt isn't going to put BP out of business

very true

05-26-2010, 08:57 PM	#1
SuzzyQ Confirmed User Industry Role: Join Date: Dec 2006 Location: Along the shore. Posts: 1,557	Civil fine in Gulf spill could be $4,300 a barrel I just read this on Fox News web site. The U.S. government could fine BP up to $4,300 for every barrel of oil gushing into the Gulf of Mexico -- a provision in federal law that some lawmakers are citing in their efforts to keep precise record of the spill's magnitude. Reuters reported Wednesday that a clause within the U.S. Clean Water Act may expose BP and others to civil fines that are not limited to any finite cap. The Act permits the government to seek civil penalties in court for every barrel of oil that spills into U.S. waters, according to Reuters. Sen. Bill Nelson, D-Fla., and other lawmakers are highlighting the clause in their push to quantify the barrels of crude oil leaking into the ocean. An aide to Nelson told FoxNews.com Wednesday that the senator is pressing for BP to release more video footage showing the oil leaking from the well. The environmental group Sierra Club estimates that the April 20 explosion at Deepwater Horizon has released more than 1,444,952 barrels into the Gulf as of midday Wednesday. By that estimate, BP would owe more than $6.2 trillion in fines so far if the federal government imposes a $4,300 penalty per barrel. The Reuters article http://www.reuters.com/article/idUSN25143995

05-26-2010, 09:17 PM	#4
DateDoc Outside looking in. Industry Role: Join Date: Feb 2005 Location: To Hell You Ride Posts: 14,243	the US govt isn't going to put BP out of business __________________

05-26-2010, 09:34 PM	#6
96ukssob So Fucking Banananananas Industry Role: Join Date: Mar 2003 Location: If I was in your ass you'd know it Posts: 12,991	guaranteed gas prices will go up because of this. they will claim a shortage in oil or some BS that will raise the cost. its not like even at a billion dollar fine would take a dent out of their bank account __________________ Email: Clicky on Me

05-26-2010, 09:48 PM	#8
fatfoo ICQ:649699063 Industry Role: Join Date: Mar 2003 Posts: 27,763	BP oil spill leads to many birds are stained with oil, also. __________________ Send me an email: [email protected]

05-26-2010, 10:27 PM	#10
dynastoned mmm yeah! Industry Role: Join Date: Feb 2005 Location: roseville, ca Posts: 5,061	http://www.bpoilspillgulf.com/bp-oil...live-feed.html god damn look at how much oil is spewing out of that. it has to be at least a barrel every 10-20 seconds. Last edited by dynastoned; 05-26-2010 at 10:29 PM..

05-26-2010, 08:58 PM	#2
mmcfadden So Fucking Banned Join Date: Oct 2008 Location: philly Posts: 5,099	and your grandkids wouldn't even see the end of that lawsuit.... better to just hire mr fingers and take care of biz where it hurts

05-26-2010, 08:59 PM	#3
Intrinsic Confirmed User Industry Role: Join Date: Jun 2008 Posts: 1,589	you never know it might put bp out of biz

05-26-2010, 09:38 PM	#7
Marcus Aurelius No Refunds Issued. Industry Role: Join Date: Apr 2003 Posts: 14,809	BP were insured they wont pay a dime.