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Do you think $20 billion is enough financial compensation from BP?

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Note: This is not a scientific poll. The results reflect only the opinions of those who chose to participate.

Comments

Shane Garrett 4 years, 6 months ago

Drive the British out of our waters!! So the others can move in. ; )

vinividivici 4 years, 6 months ago

It makes about as much sense as charitable donations being tax deductible.
None.

coolhandluke 4 years, 6 months ago

The question is irrelevant. $20B is just the initial size of the escrow account. It in no way represents a cap or an estimate.

Stuart Evans 4 years, 6 months ago

I love the $20 billion number. It's an arbitrary figure that sounds impressive. Of course nobody knows what the actual cost would be. If the government estimates $20b, then it's probably more like $50b or $100b. The cleanup and restoration will go on for decades. I think that the $20billion should be used to start the cleanup fund. Then every oil company or other mineral digging, disaster prone company can contribute tens or hundreds of millions more on an annual basis. These millions should be directly diverted from all lobbying efforts in Washington.

awillowhawk 4 years, 6 months ago

As usual, big business wins. The damage to the environment from this is enormous. Instead of monetary punishment, having BP and other big oil concentrate on RESEARCH into alternate energy systems would be better! Of course, this would mean a change in their primary business.

When it comes to money/profits vs Nature - Nature loses every time!

itwasthedukes 4 years, 6 months ago

The administration has effective bypassed the judicial and legislative branch with this money grab. Be careful what you wish for. Why don't we stop the leak before we take any more money from shareholders and pensioners.

Olympics 4 years, 6 months ago

At present, Exxon (for the valdez leak) has had to pay $500 million and continues to fight paying even that.

You can put a shovel into the sand in alaska and hit valdez oil!!!

good luck getting any money out of BP.

Scattered 4 years, 6 months ago

Some "volunteers" are paid by BP.

We have a friend in veterinary school who was paid $250 per day for helping clean pelicans. The sleeping trailers were all full, so BP also provided motel rooms.

No amount of $ can restore what has been damaged.

I just saw a sad sad report on Nigerian waters damaged 50 years ago by an oil spill....

Shell has been spilling/leaking oil there for the last forty years: The equivalent of an Exxon Valdez spill EACH YEAR for FORTY YEARS.

Kirk Larson 4 years, 6 months ago

It's a start! At least there may be a chance of people getting compensated. Not like after the Exxon-Valdez where no one got their money for nearly twenty years.

Rokchalk 4 years, 6 months ago

Let's bankrupt them for what we the people have demanded-low cost fuel. This is our fault. Bankrupting them only kills jobs. You think it's bad now, just wait until the government takes over!

scott3460 4 years, 6 months ago

Doesn't it reward those businesses who operate safely with more business opportunity?

Ford Pinto workers were probably put out of work when the cars they built starting exploding because of poor business decisions too.

phoggyjay 4 years, 6 months ago

The amount doesn't come close to how much this is going to damage. I never liked white powder sands anyway.

krissink1 4 years, 6 months ago

There is no amount of money that could fix this environmental and economical disaster!

Cait McKnelly 4 years, 6 months ago

Irony....Texas Congressman Joe Barton (R) apologized to BP for Obama, calling the President's requirement for BP to fund the cleanup and compensate the residents of the Gulf a "shakedown". I didn't know whether to laugh or cry.

dontcallmedan 4 years, 6 months ago

And Barton's sentiment is shared by 114 republican house members, known as "The Republican Study Committee".

SouthWestKs 4 years, 6 months ago

When you have a President that has no management skills this is what you get.. Law passed after the Exxon spill says the president is responsible for our shores.. There is a 3B spill fund that could have been tapped but wait no management skills.. Could have lifted the Jones Act to get foreign help but wait no management skills.. There was 14 to 17 foreign countrys that would help but were told we don't need you, again no management skills.. I would not let him drive a icecream truck..

mr_right_wing 4 years, 6 months ago

If oil drilling was as harshly regulated as the nuclear power industry, these waters would still be pristine. The nuclear power industry is harshly regulated, which it needs to be...and that's what makes it so safe today. Let's get rid of oil & coal, maybe use some natural gas in the mean time (which we have plenty of, right where you are standing now) and switch over to solar, wind and nuclear.

grammaddy 4 years, 6 months ago

You need to change your moniker. Doesn't sound very right-wing-ish to me. But I totally agree!!

mr_right_wing 4 years, 6 months ago

Well I don't listen to Rush or Beck...yes I'm conservative; but that doesn't mean I blindly follow every party line. I've even been known to compliment Barry on occasion (very few, but it's happened.)

independant1 4 years, 6 months ago

$20B enough?

Ain't enough to break BP, need a big enough number to force them out of business and eliminate all the big bad corporate jobs they provide.

'bout a gazillion is 'bout right.

grammaddy 4 years, 6 months ago

Ban off-shore drilling NOW!! We don't have the technology to fix this expeditiously. As long as off-shore drilling is around, this is the risk we take. Is it worth it.$20 billion is less than 1/3 of the profit BP makes in a year.

cfdxprt 4 years, 6 months ago

link? Their profit was a little over 20 B last year and that was a good year.

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