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Guest absolutezero

Changing The Goalposts

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Guest absolutezero

First it was the 75million dollar cap on oil spills that the US wanted to retrospectively change

Now its the tax laws that allow deductions of costs from profits (BP again)

http://english.capital.gr/news.asp?id=1025193

If the USA keeps this up then no companies will want to get oil out of USA waters.

Maybe that's the idea.

Then they'll nationalise Exxon or something like that. Oil crisis solved for a day or two.

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I do wonder where on earth the USA thinks it is going. It used to be an effective market economy. Now it is riven with protectionistas. And the republicans seem an absolute shower too.

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I do wonder where on earth the USA thinks it is going. It used to be an effective market economy. Now it is riven with protectionistas. And the republicans seem an absolute shower too.

Market economy? The USA these days is closer to the USSR than a market economy. The debasing of currency and massive amounts of government spending are to do with this.

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Guest sillybear2

Given that the well is now shut in successfully it shows that the well design is structurally sound, so the problem lies with Transocean for losing well control and not maintaining their BOP, and Cameron for making the thing in the first place. The fact the coast guard decided to 'fight fire' by sinking the rig didn't help either.

This is actually good news for the entire industry in a way, nobody will want to drill any where near US waters, and lack of new production = constrained future supply = $100 oil before we know it.

Edited by sillybear2

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No surprise really the US govt needs the cash.

Its a stupid way to go about it. Killing the cash cows...

HMRC was just as stupid last year, companies renegotiated their debts with creditors, HMRC refused and liquidated the so they could force the company to pay its corporate taxes. HMRC got its corporate tax pretty quickly cept the company was no more and many people were made redundant and couldn't pay their income tax either.

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http://www.nytimes.com/2010/07/22/us/22transocean.html?_r=3&hp=&pagewanted=all

This article has a lot more detail.

I would imagine that BP will focus on the part that says that Transocean bullied its staff (Transocean employees) on the rig so that they believed that if they reported saftey concerns they would be fired. So they lied in filling out the reports saying every thing was OK.

Another area is the use of the wrong mud to seal the well inititally. This process was run by Haliburton and Haliburton staff were employed to do it.

Only one thing is sure and that is that US lawyers are going to have a field day with astronmical fees.

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Now they are judging BP as negligent before there has even been an investigation. Talking about fines of 21billion dollars and fighting over where they have to be spent when they don't know if the US regulator or the US coastguard or a combination of entities will be found negligent.

Or then again... :huh:

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HMRC was just as stupid last year, companies renegotiated their debts with creditors, HMRC refused and liquidated the so they could force the company to pay its corporate taxes. HMRC got its corporate tax pretty quickly cept the company was no more and many people were made redundant and couldn't pay their income tax either.

Anything else would represent a subsidy and a transfer of business from successful companies (that pay their tax) to their failing competitors (that are let off). This is not a recipe for a healthy economy IMO.

If we're going to subsidise failing companies to keep them going, we need to do so transparently following proper public and parliamentary debate.

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Maybe that's the idea.

Then they'll nationalise Exxon or something like that. Oil crisis solved for a day or two.

No, it's all part of pushing people to buy into the illuminati/billionaire owned Green monopolies that they have already set up.

Think Glow_ball monopoly 'they' created eg. Mittal steal steel.

These useless propeller objects have to be completely replaced every 25years and costs will treble within those years for raw material/construction - who ends up paying for that?

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is it really that simple?

That and, well, just because they can.

BP could have avoided all the cost and most of the bad media just by being insured by AIG.

Bet they are kicking themselves now :rolleyes:

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As a previous poster inferred. It's Obama trying to misdirect the public with the elections coming up. He wanted to look powerful and good at something. Shame even this failed as it was a massive over reaction without facts to hand.

The real sickener is this will all get sorted in just a few years, whereas anyone know what happened at Bopal, Union Carbide. (Not a serious question as we all know the answer).

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As a previous poster inferred. It's Obama trying to misdirect the public with the elections coming up. He wanted to look powerful and good at something. Shame even this failed as it was a massive over reaction without facts to hand.

...and it was the 'British' whom they had to fight for independence ....and it has been reported they did no favours for Obama's family in Kenya during the 50's...... <_<

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  • 140 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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