tag:blogger.com,1999:blog-7806136543904112143.post2274267917173486240..comments2023-10-30T09:23:42.803-05:00Comments on Some Assembly Required: SAR #10168Charles Kingsley Michaelson, IIIhttp://www.blogger.com/profile/04364694465614330540noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-7806136543904112143.post-63015260948950733992010-06-18T08:53:02.321-05:002010-06-18T08:53:02.321-05:00CKM,
The big thing I think people should keep in ...CKM,<br /><br />The big thing I think people should keep in mind about BP, is that most other large corporations and governments are just as bad. I think you do a great job of providing details on that time and time again.<br /><br />BP got caught with their pants down. That doesn't mean everyone else isn't screwing with us. Hell, just look at Ecuador and Nigeria to see how oil other companies have handled things. Look at Iraq, Pakistan and Afghanistan to see how our own government handles itself.<br /><br />BP found that putting up the escrow was in their best interest. Whether it bought political favor, or is paying interest, or helps tax accounting, who knows. I don't think they are foolish enough to think that anything will buy immunity, except maybe that if one kills the company, then how will it pay for this mess.Eric Hackerhttps://www.blogger.com/profile/03288021379443566141noreply@blogger.comtag:blogger.com,1999:blog-7806136543904112143.post-22401460175354280712010-06-17T12:37:24.577-05:002010-06-17T12:37:24.577-05:00I think it's most likely BP is just buying tim...I think it's most likely BP is just buying time and favour with the escrow account. If I'm right, it indicates just how bad they think the situation may be / will get.Rumorhttps://www.blogger.com/profile/08948216807360763565noreply@blogger.comtag:blogger.com,1999:blog-7806136543904112143.post-82862638477037629812010-06-17T09:54:10.089-05:002010-06-17T09:54:10.089-05:00One more thing: Do you suspect that BP traded 20...One more thing: Do you suspect that BP traded 20 billion in escrow for immunity from criminal prosecution?<br /><br />ckmCharles Kingsley Michaelson, IIIhttps://www.blogger.com/profile/04364694465614330540noreply@blogger.comtag:blogger.com,1999:blog-7806136543904112143.post-51387342271729311032010-06-17T09:52:49.423-05:002010-06-17T09:52:49.423-05:00Eric - The increase in food prices has so many var...Eric - The increase in food prices has so many variables and unanswered questions. Nominal or real prices? What level diet/foodstuffs How was potential population arrived at? Does this include the cost of energy in an over-the-peak era? <br /><br />The editorial review board told me I was going to get in trouble with this one, and she was right. <br /><br />The observation about BP - watch what they do, not what they say - boy it hurts when you get blindsided by one of your own cautions. <br /><br />Thanks. ckmCharles Kingsley Michaelson, IIIhttps://www.blogger.com/profile/04364694465614330540noreply@blogger.comtag:blogger.com,1999:blog-7806136543904112143.post-15263812034623294152010-06-17T09:35:22.887-05:002010-06-17T09:35:22.887-05:00re: Do the Math.
Actually a 40% price increase fo...re: Do the Math.<br /><br />Actually a 40% price increase for food is scary if one considers that wages in the US have been stagnant for a long while. Sure there will be global pockets of growth. The report also says that they adjusted for inflation.<br /><br />re: Simmons says. <br /><br />There is a really good comment on TOD (http://www.theoildrum.com/node/6593#comment-648967) that basically says that the things BP have done are only wrong based on what they have been telling us. Looking at what they are actually doing and determining why one might do that leads one to the same disastrous conclusion that Simmons comes to. <br /><br />All I know is that we've already polluted the entire ocean with oil derivatives (http://www.desdemonadespair.net/2010/06/surprisingly-large-amount-of.html), this is just upping the ante.Eric Hackerhttps://www.blogger.com/profile/03288021379443566141noreply@blogger.comtag:blogger.com,1999:blog-7806136543904112143.post-56018825092329586692010-06-17T09:16:26.615-05:002010-06-17T09:16:26.615-05:00Last night one of the cable channels was showing a...Last night one of the cable channels was showing a repeat of Earth 2100, originally produced by ABC. It was a "worst case scenario" - and it didn't mention the gulf oil geyser at all, of course.<br /><br />Laugh or cry? Well, laughing takes less time to clean up from.mistah charley, ph.d.http://atinyrevolution.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-7806136543904112143.post-10981161118123321242010-06-17T08:36:04.342-05:002010-06-17T08:36:04.342-05:00"says nukes are the only way to seal the leak...<i>"says nukes are the only way to seal the leaking well, that there is a serious down-hole leak, from a well-bore rupture, that leaked oil covers 40% of the subsurface Gulf"</i><br /><br />Its 6:30 am here in Seattle. Still, after reading this, hooch seems like a reasonable breakfast.Dinknoreply@blogger.com