Another Disgusting Oil Spill!!

stdreb27

stdreb27

Active Member
Originally Posted by bionicarm
http:///forum/post/3267615
Demand hasn't gone up that quickly to deplete the existing supply. With the Recession last fall, travel was being limited to geographic locations within 300 miles of people's homes. People didn't, and still don't for the most part, have expendable cash to take long-range trips. Airlines have cut their flights and equipment down, so jet fuel is pretty abundant. I haven't heard any news reports where the American public have stated they will be taking multiple Griswald trips this summer. I don't know anyone who is. Most people I know here in San Antonio are taking trips to Dallas, Corpus, and South Padre, as opposed to Arizona, California, or Florida this summer.
Perceived supply and demand is equally important... You have some guy out there with the power to shut everything down, couple it, with an excuse (like this) and you'll have people who are willing to bet prices are going to go up, and that will push prices up...
The actually supply doesn't actually have to change...
It is the reason they highly advertise, the "last week of truck month" or for a limited time only. Etc...
 
reefraff

reefraff

Active Member
Originally Posted by bionicarm
http:///forum/post/3267615
Demand hasn't gone up that quickly to deplete the existing supply. With the Recession last fall, travel was being limited to geographic locations within 300 miles of people's homes. People didn't, and still don't for the most part, have expendable cash to take long-range trips. Airlines have cut their flights and equipment down, so jet fuel is pretty abundant. I haven't heard any news reports where the American public have stated they will be taking multiple Griswald trips this summer. I don't know anyone who is. Most people I know here in San Antonio are taking trips to Dallas, Corpus, and South Padre, as opposed to Arizona, California, or Florida this summer.
Actually less airline travel usually results in more car travel. People can't afford to fly overseas for a vacation so they drive somewhere locally. I think it's a pretty good bet damand will be high this summer.
 
reefraff

reefraff

Active Member
"Madam Douchebag, I mean Senator, We followed the regulations and procedures you mandate we follow" would be my response to every question.
 
stdreb27

stdreb27

Active Member
What is funny is that it is probably the same company underwriting their insurance for BP, Anadarko, halliburton, and transocean. So I don't know why they're fighting
 
reefraff

reefraff

Active Member
Insurance won't pay a cent if the company is found to have not followed the proper procedures. Still likely a cap on the amount the policy will cover too. BP's problem is the ignorance of the American people who end up on juries. You are going to have 6 degrees of separation when it comes to class action lawsuits on this. Any industry that is remotely connected with the gulf coast will be pulled into a different class action against BP and probably any other company remotely involved in this spill right down to the food caterer. Sympathetic juries will end up giving out huge awards, deserved or not. I don't see how BP can survive. I wish I had shorted their stock a few days after the accident.
 
stdreb27

stdreb27

Active Member
Yeah actually they will. Because they probably had a rep sign off on the concrete before they proceeded.
 
zman1

zman1

Active Member
Like I said upthread -- perhaps it's the too big to fail AIG -LOL However, this disater did provide some comic relief on the pointing fingers between the three at congress... You know the only ones with the answers -
The three......
 
zman1

zman1

Active Member

Originally Posted by reefraff
http:///forum/post/3267998
Insurance won't pay a cent if the company is found to have not followed the proper procedures. Still likely a cap on the amount the policy will cover too. BP's problem is the ignorance of the American people who end up on juries. You are going to have 6 degrees of separation when it comes to class action lawsuits on this. Any industry that is remotely connected with the gulf coast will be pulled into a different class action against BP and probably any other company remotely involved in this spill right down to the food caterer. Sympathetic juries will end up giving out huge awards, deserved or not. I don't see how BP can survive. I wish I had shorted their stock a few days after the accident.
what was their first quarter profit - 5.5 billion. perhaps the stockholders in their gambling should take the hit. http://www.bp.com/extendedgenericart...tentId=7061409 The highlighted item would be in trust of BP.
Poor BP might be taken advantage by the ones they have fleeced for years. Don't worry we all will be the ones who pay the cost - the consumer.
 
stdreb27

stdreb27

Active Member

Originally Posted by zman1
http:///forum/post/3268093
what was their first quarter profit - 5.5 billion. perhaps the stockholders in their gambling should take the hit. http://www.bp.com/extendedgenericart...tentId=7061409 The highlighted item would be in trust of BP.
Poor BP might be taken advantage by the ones they have fleeced for years. Don't worry we all will be the ones who pay the cost - the consumer.
funny leftists can make the connection that an increase in costs to a corporation will result in an increase in costs to a consumer. But they can't make that connection when it comes to increased costs due to taxes...
 
zman1

zman1

Active Member
Originally Posted by stdreb27
http:///forum/post/3268106
funny leftists can make the connection that an increase in costs to a corporation will result in an increase in costs to a consumer. But they can't make that connection when it comes to increased costs due to taxes...

I know what you mean -- the BUSH tax cuts are why the economy is fantastic and unemployment is so low. Haven't they just now expired - now wait for the recovery.
It's amazing how this works. But that tax cut was for the wealthy (job creators
) - trickle down dosen't work. The middle class can use it though. Those elderly medicare and social security free loaders are the largest part of the 50% of Americans that don't pay taxes. Isn't that the righty way when you don't pay taxes - free loader
 
reefraff

reefraff

Active Member

Originally Posted by zman1
http:///forum/post/3268093
what was their first quarter profit - 5.5 billion. perhaps the stockholders in their gambling should take the hit. http://www.bp.com/extendedgenericart...tentId=7061409 The highlighted item would be in trust of BP.
Poor BP might be taken advantage by the ones they have fleeced for years. Don't worry we all will be the ones who pay the cost - the consumer.
If the fishing grounds are spoiled what do you think it's going to cost BP? You are talking long term loss of how many people's livelyhoods? 5.5 Billion ain't squat, did you bother to look at their debt? If their income stream is dried up in legal costs and settlements it wont take long before they reach the brink. Same thing happened with WR Grace with Asbestos. Not to say they didn't deserve it but what happened is we the people ended up footing the costs once Grace declared bankruptsy. Worst thing for us would be BP sued to the point where they do the same.
 
reefraff

reefraff

Active Member
Originally Posted by zman1
http:///forum/post/3268119
I know what you mean -- the BUSH tax cuts are why the economy is fantastic and unemployment is so low. Haven't they just now expired - now wait for the recovery.
It's amazing how this works. But that tax cut was for the wealthy (job creators
) - trickle down dosen't work. The middle class can use it though. Those elderly medicare and social security free loaders are the largest part of the 50% of Americans that don't pay taxes. Isn't that the righty way when you don't pay taxes - free loader
You might want to research the historic GDP, Jobs and Unemployment numbers before blaming everything on the evil tax cut which were actually slanted more in favor of lower income than upper. The economy was still doing quite well in January 2007, under 5% unemployment and good job creation. Hmmmm, what changed in January 2007???
 
zman1

zman1

Active Member
Originally Posted by reefraff
http:///forum/post/3268128
You might want to research the historic GDP, Jobs and Unemployment numbers before blaming everything on the evil tax cut which were actually slanted more in favor of lower income than upper. The economy was still doing quite well in January 2007, under 5% unemployment and good job creation. Hmmmm, what changed in January 2007???
G W was President for another two years and by the end of the 8 years with 6 years of republo congress double the national debt. You know how the conservatives can spend money and not tax to pay for it, even better and faster than lefties. GW and Reagon were masters at this. The tax cut should have saved us - that's the fix for righties.
I am starting to believe Obama may be a secret Republican. Where were the Tea baggers 8 eight years ago
 
zman1

zman1

Active Member
Originally Posted by reefraff
http:///forum/post/3268128
.... the evil tax cut which were actually slanted more in favor of lower income than upper. ?
HMMMMM I think you were looking at your historical data backwards. unchanged in not an improvment for lower income and a 3.6 percent drop is for the higher income. Perhaps I am not aware of the math you use....
The existing 10% and 15% rates remain unchanged --- 0
27% rate goes to 25% -- minus 2
30% rate goes to 28% -- minus 2
35% rate goes to 33% -- minus2
38.6% rate goes to 35% -- minus 3.6
When the Bush cuts expire this year, the rates go back to the budget surplus, deficit reduction, booming job growth and economy of the Clinton years. Sad fact - I didn't vote for Clinton either time....
 
reefraff

reefraff

Active Member
Originally Posted by zman1
http:///forum/post/3268132
G W was President for another two years and by the end of the 8 years with 6 years of republo congress double the national debt. You know how the conservatives can spend money and not tax to pay for it, even better and faster than lefties. GW and Reagon were masters at this. The tax cut should have saved us - that's the fix for righties.
I am starting to believe Obama may be a secret Republican. Where were the Tea baggers 8 eight years ago

Not making excuses for Bush and the Republicrats but you on the left seem to ignore the fact the Democrats controlled congress for W's last two years and took control at a time when the economy was still humming right along yet everything is Bushes fault.
 
reefraff

reefraff

Active Member
Originally Posted by stdreb27
http:///forum/post/3268197
wow, your "knowledge" is dumbfounding.
Seems the boy is leaving out the 2001 cuts which created the 10% bracket while only droping the top bracket by 1 percent and that the 2003 cuts increased the income level for the 15% bracket by more than 10 grand. That had a huge effect on the lower middle class because the next bracket is 25% which is the biggest jump in the tax code.
 
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