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BP wants to stop paying Gulf oil spill victims
AP via Google ^ | Jul 8, 2011

Posted on 07/16/2011 6:10:02 PM PDT by Pan_Yan

CHICAGO — BP wants to stop paying most people affected by the massive 2010 Gulf of Mexico oil spill for potential future damages because the region has recovered, a document released Friday said.

The tourism industry is booming, all federal fishing grounds have reopened, and the shrimp catch has been plentiful, BP said.

"The current economic data do not suggest that individual and business claimants face a material risk of future loss caused by the Deepwater Horizon oil spill," BP said in a 29-page document filed with the Gulf Coast Claim Facility, which is handling compensation claims.

...

The compensation fund has so far paid more than $4.5 billion to more than 195,000 claimants and made around $430 million in additional offers that are under consideration by claimants.

BP said it "remains committed to paying all legitimate claims" but said a "reevaluation" of the formula for calculating damages is required due to "the current state of the Gulf economy."

(Excerpt) Read more at google.com ...


TOPICS: Extended News; News/Current Events
KEYWORDS: bp; deepwaterhorizon; gorelick; gulf; jamiegorelick; obamanomics; oilspill; thedestroyers

1 posted on 07/16/2011 6:10:06 PM PDT by Pan_Yan
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To: Pan_Yan
Sorry BP, when ya sign on with the commies, there ain't no signing off.
2 posted on 07/16/2011 6:12:49 PM PDT by Navy Patriot (Holy flippin' crap, Sarah rocks the world!)
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To: Pan_Yan

BO shook them down for $20 Billion. What happened to it???


3 posted on 07/16/2011 6:19:37 PM PDT by kittymyrib
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To: Pan_Yan

Does the rest of the $20 billion go to Obama’s stash/reelection campaign?


4 posted on 07/16/2011 6:22:44 PM PDT by Truth29
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To: kittymyrib
BO shook them down for $20 Billion. What happened to it???

If I recall correctly BP's lawyers wrote that deal very carefully. With deferred payments, the hit on their revenue and tax shenanigans the $20 billion didn't really cost them anything. They've paid $4.5 billion and will walk away with the rest not paid and the tax breaks intact.

5 posted on 07/16/2011 6:27:56 PM PDT by Pan_Yan
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To: Pan_Yan

And Obama and the Democrats won’t get any of this
BP stash? The same Obama who has never accounted for all those thousands of “small contributions” by computer that he cashed in on in the ‘08 campaign? The same Obama who had the help of outfits such as ACORN and every sleazy union in the country?

Sorry, I’m not convinced that BP’s money won’t find its way into tight races for the Senate next year. It’s for the “common good,” doncha know.


6 posted on 07/16/2011 6:38:54 PM PDT by kittymyrib
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To: Pan_Yan

7 posted on 07/16/2011 6:40:11 PM PDT by NorthStarStateConservative (From the land where nothing is allowed.)
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To: Pan_Yan

Jamie Gorelick managed to wrangle a position as a liaison representing BP in the negotiations.


8 posted on 07/16/2011 6:43:50 PM PDT by cripplecreek (Remember the River Raisin! (look it up))
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To: kittymyrib

The democrats had an inside man on the job. A woman actually. Post from exactly 1 year ago

http://www.freerepublic.com/focus/f-news/2535886/posts


9 posted on 07/16/2011 6:46:16 PM PDT by cripplecreek (Remember the River Raisin! (look it up))
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To: Pan_Yan

shrimp catch plentiful?

Nonsense. The democrats told us it was the END OF THE WORLD.

Some on here posted about “seas turning to blood”

Do you realize you were had yet?

DO YOU?


10 posted on 07/16/2011 6:58:40 PM PDT by Christian Engineer Mass (25ish Cambridge MA grad student. Many conservative Christians my age out there? __ Click my name)
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To: cripplecreek

That woman can smell a nickle at the bottom of a 10 ton dung heap on a hot day from 5 miles upwind. She could have been honest and gotten rich. Instead she’s been one of the greatest scam artist of the last 20 years.


11 posted on 07/16/2011 7:08:10 PM PDT by Pan_Yan
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To: Pan_Yan

She is the epitome of the shadow government. She’s been involved in every major scandal since the OKC bombing.


12 posted on 07/16/2011 7:12:01 PM PDT by cripplecreek (Remember the River Raisin! (look it up))
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To: cripplecreek

Carvile and the MSM were Howling 24/7 about BP until all of a sudden they all shut up at once. That was the day they Graft and payoff amount was agreed to.


13 posted on 07/16/2011 7:18:20 PM PDT by screaminsunshine (Socialism...Easier said than done.)
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To: cripplecreek
Image Hosted by ImageShack.us
14 posted on 07/16/2011 7:18:37 PM PDT by cripplecreek (Remember the River Raisin! (look it up))
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To: Pan_Yan

I imagine that the debate will center around “Does BP or Obama have the balance of the cash in which account?”

FUBO


15 posted on 07/16/2011 7:36:21 PM PDT by Noob1999
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To: cripplecreek

The problem being that less than 1% of voting Americans would recognize most of those names. Those of us in that 1% pray a lot.


16 posted on 07/16/2011 7:36:40 PM PDT by Pan_Yan
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To: Pan_Yan

Has every bit of Oil damaged wetlands been restored?


17 posted on 07/16/2011 7:39:30 PM PDT by Cheetahcat ( November 4 2008 ,A date that will live in Infamy.)
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To: Pan_Yan

Stephen Rattner who is her attorney has an even larger collection of friends in high places.


18 posted on 07/16/2011 7:39:43 PM PDT by cripplecreek (Remember the River Raisin! (look it up))
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To: Pan_Yan

I think the main harm was done to the economy of these areas by irresponsible reporting.

I have a Nephew who lives near the beach in Destin. He told me that he has not seen a single sign of the spill. He did say a couple of his friends had seen a few tar balls but they were rare.

In other words if the tourists had actually come to the beaches, they would have been fine.


19 posted on 07/16/2011 7:52:02 PM PDT by yarddog
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To: yarddog

When he finally got around to it the first thing Obammy did was send an army of DOJ attorneys down there. Next he sent FEMA. Seems that a couple of the bigger hotels did OK filling rooms with federal employees at least for a while.

It was the little guys who took a media driven hit.


20 posted on 07/16/2011 7:58:49 PM PDT by cripplecreek (Remember the River Raisin! (look it up))
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To: screaminsunshine

Funny how that worked, huh?


21 posted on 07/16/2011 9:46:48 PM PDT by ArmstedFragg (hoaxy dopey changey)
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To: Pan_Yan

The story doean’t seem to match the assertions in the headline. The formula for the original payoff was set based on a worst case scenario. Now that it hasn’t happened, they’re proposing to modify the formula to match the reality.


22 posted on 07/16/2011 9:49:50 PM PDT by ArmstedFragg (hoaxy dopey changey)
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To: ArmstedFragg

Wonder who the Bag Man was? But when the dough changed hands it was instant silence.


23 posted on 07/16/2011 9:50:05 PM PDT by screaminsunshine (Socialism...Easier said than done.)
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To: Truth29

Freezer money for Obama.


24 posted on 07/17/2011 4:26:09 AM PDT by Vaduz
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To: Pan_Yan

Where does fair compensation become feed-me-for-life welfare? Who gets to determine that?


25 posted on 07/17/2011 10:25:10 AM PDT by JimRed (Excising a cancer before it kills us waters the Tree of Liberty! TERM LIMITS, NOW AND FOREVER!)
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To: JimRed
"Where does fair compensation become feed-me-for-life welfare? Who gets to determine that?"

Hahahah once you expose the vein to the vampires they will never give it up till they drain it dry!

26 posted on 07/17/2011 10:33:34 AM PDT by Mad Dawgg (If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
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