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| Economy |
| US to bill BP $69mn for oil spill |
| 2010-06-04 |
| [Iran Press TV Latest] The White House has slapped BP with a 69-million-dollar bill for the recovery operations relating to the oil spill in Gulf of Mexico. "The Obama administration on Thursday sent a preliminary bill for 69.09 million dollars to BP and other responsible parties for response and recovery operations relating to the BP/Deepwater Horizon Oil Spill," the government said in a statement on Thursday. The White House has also said that BP will ultimately be responsible for all costs associated with the worst oil spill in US history. The Oil Pollution Act of 1990, enacted after the Exxon Valdez oil disaster in Alaska, made oil giants liable for cleanup costs resulting from spills and is being used by the administration to hold BP's feet to the fire. Since the April 20 explosion of the Deepwater Horizon oil rig, which left 11 people dead, more than 20 million gallons of oil has entered the sea. Forty-five days on oil still continues to gush into water at a rate of 12,000 and 25,000 barrels per day according to official figures. However, scientists say that at least 70,000 barrels of oil leaks into sea every day. |
| Posted by:Fred |
| #9 CNN AM NEWS segment > I missed most of the segment, but IIUC POTUS BAMMER was proclaiming his personal resentment of BP dolling out roughly US$10.0BILYUHN? in Dividend or Shareholder Royalties while claiming to NOT enuff $$$ to fix and end the Deepwater oil gush??? |
| Posted by: JosephMendiola 2010-06-04 22:52 |
| #8 Friend and I were curious - I thought hurricane season begins mid-July, friend thought August. Its great and all that the accountants and lawyers in DC have a handle on this aspect, but would it not be better served for BP to directly use this money to hire out instead of the gov truffle shuffle? But I guess that raises another question - who's in charge here? Cuz there is a ticker clock in my imagination which says this could get much worse. |
| Posted by: swksvolFF 2010-06-04 17:21 |
| #7 ...does BP get a royalty fee from the networks for the profits they're making from their circus show? Need to call RIAA for lawyer help. |
| Posted by: Procopius2k 2010-06-04 09:01 |
| #6 ...teleprompter depreciation, hot air emission fees... |
| Posted by: Matt 2010-06-04 08:53 |
| #5 Well, there's the Air Force One charges, champagne and caviar for Michelle on the plane, Holdner & company researching what laws were broken, and uh ... other stuff. |
| Posted by: Bobby 2010-06-04 06:51 |
| #4 The way our laws work, if they pay it they're admitting guilt. Guilt of what? The way our law works, their well made the mess so they clean it up. Sort of like freshmen puking in the dorm lav. |
| Posted by: Nimble Spemble 2010-06-04 06:51 |
| #3 It I were BP I be sure to ask for a very detailed, itemized breakdown of the invoice. |
| Posted by: Besoeker 2010-06-04 05:09 |
| #2 Headline is wrong. $69mill is just the down payment. |
| Posted by: Seafarious 2010-06-04 01:12 |
| #1 The way our laws work, if they pay it they're admitting guilt. I wouldn't pay an open ended fine, I'd hold out for a definite amount, then try to negotiate it downward. |
| Posted by: Redneck Jim 2010-06-04 00:44 |