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2010-06-08 Home Front: Politix

Community Organizer to Reopen Offshore Oil Drilling

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Posted by GolfBravoUSMC 2010-06-08 12:46|| || Front Page|| [4 views ] Top

#1 New safety requirements with the same, old, cozy EPA to enforce them.

Posted by Ebbang Uluque6305 2010-06-08 13:40|| 2010-06-08 13:40|| Front Page Top

#2 He sia slo going to reopen whale hunting.

Posted by JFM 2010-06-08 18:29|| 2010-06-08 18:29|| Front Page Top

#3 The White House also said Monday that it supported lifting the cap on liability damages altogether for any oil companies drilling offshore. The cap is $75 million unless the government can show criminal negligence.

Any "liability damages" will simply be passed along to the consumer in higher prices at the pump. That's just the way she works.

Posted by Besoeker 2010-06-08 18:31|| 2010-06-08 18:31|| Front Page Top

#4 Any "liability damages" will simply be passed along to the consumer in higher prices at the pump.

Not really. BP doesn't have pricing flexibility. It sells at whatever spot market and contract prices (if any). So any fines come directly from pretax earnings.

Posted by ed 2010-06-08 19:52|| 2010-06-08 19:52|| Front Page Top

#5 Well, now everyone else is able to charge just a little more without being undercut by BP.

Posted by Thing From Snowy Mountain 2010-06-08 22:39|| 2010-06-08 22:39|| Front Page Top

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