Republicans want bailout for BP...?!!?!
POSTED BY: Niki2
UPDATED: Wednesday, June 9, 2010 18:52
VIEWED: 4314
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Quote:
Byte: I don't doubt that there IS collusion to set, raise, or lower gas prices, but in this case it hasn't worked quite to BP's advantage. Typically, gas prices go up heading into summer ("peak driving season", they say). Have you noticed the prices going up lately? I've seen the stations near me drop gas prices by $0.15/gal in the last month.
I think the oil companies have a fear that this will have a negative backlash on them, and that people will start TRYING to drive less, drive more efficiently, buy and use less gas, etc. And I think they're actively trying to hold down gas prices - even if it impacts their short-term profits - to try to assuage our fears and keep us addicted to cheap oil. That's just the feeling that I get. I have no factual basis for that; it's just a hunch.
This is likely also true. As a reaction to the oil spill, they panic, and hang BP out to dry. And BP is stupidly still waiting for it's oil tankers to be able to sell high, saying "c'mon, guys, this isn't funny, rate hike already."
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I doubt this will effect oil prices overly, Oil is bought and sold on a futures market, things that threaten long term supply tend to force prices up. Hence why growing tensions in the middle east and Russia's invasion of Georgia, threatening a major pipeline, saw big rises that peaked an fell when those same situations came to a conclusion).
Fact is that this spill, as hugely damaging to the environment as it is, is a drop in the ocean (if you'll pardon the unforgivable pun) to the overall supply. The US burns about double the total amount of oil spilled so far into the Gulf of Mexico a day.
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If you play a Microsoft CD backwards you can hear demonic voices. The scary part is that if you play it forwards it installs Windows.
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Edit: wrong thread.
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Wrong thread byte ;)
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If you play a Microsoft CD backwards you can hear demonic voices. The scary part is that if you play it forwards it installs Windows.
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Byte, apparently that wasn't good enough, we just had a couple no-damage, no-casualty pipeline fires, and one explosion in Cleburne TX (and it's always TX, with those) where the company initially claimed far more casualties (in fact one killed, not the twelve they claimed) and damage was done, in spite of it being obvious immediately that wasn't the case.
Now all they need is an empty tanker truck to crash and burn to complete the usual June trifecta, preferably into an overpass so they can max the media coverage.
-F
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Quote:That's an incredibly toxic statement, Cit.
Originally posted by citizen:
The US burns about double the total amount of oil spilled so far into the Gulf of Mexico a day.
The laughing Chrisisall
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Oops, I'll fix it.
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Quote:Are you Wonder Woman?
Originally posted by Bytemite:
Oops, I'll fix it.
The laughing Chrisisall
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Quote:
Originally posted by chrisisall:Quote:Are you Wonder Woman?
Originally posted by Bytemite:
Oops, I'll fix it.
The laughing Chrisisall
Are you prepared to be lassoed to find out the truth?
Mike
On this matter, make no mistake. I want you to go fuck yourself long and hard, as well as anyone who agrees with you. I got no use for you. --Auraptor
This vile and revolting malice - this is their true colors, always has been, you're just seeing it without the mask of justifications and excuses they hide it behind, is all. Make sure to remember it once they put the mask back on. --Fremdfirma
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Quote:But what about the open oceans? Who owns that? Who sues for damages there? Damage is certainly being done, but since nobody "owns" the oceans there is no entity with the authority to collect.
All coastal properties, townships, cities, counties and states should independently sue BP for damages to help with clean up.
It's the problem of the commons. That's why government was invented.
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