tag:blogger.com,1999:blog-4900303239154048192.post7141779691864405346..comments2024-03-06T06:34:42.881-05:00Comments on EconoSpeak: BP Share Price and the Gulf Oil SpillUnknownnoreply@blogger.comBlogger5125tag:blogger.com,1999:blog-4900303239154048192.post-88156824720022777012010-06-17T11:38:31.224-04:002010-06-17T11:38:31.224-04:00I always enjoy reading intelligent articles by an ...I always enjoy reading intelligent articles by an author who is definitely knowledgeable on their chosen subject. I'll be following this thread with much interest. Keep up the great work, till next timeEugenhttp://erl-mortgage.com/noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-88906742594564747282010-06-12T01:48:37.557-04:002010-06-12T01:48:37.557-04:00Boehner: "It is generally not the practice of...Boehner: "It is generally not the practice of this country to change the laws after the game"<br /><br />In fact, the Constitution explicitly prohibits ex post facto laws.Minnoreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-57787606569855177772010-06-11T13:29:05.640-04:002010-06-11T13:29:05.640-04:00All of the naturally occurring oil and minerals wi...All of the naturally occurring oil and minerals within the sovereignty of the United States of America are the responsibility of the United States government. Most unlike factories, and corporate associations of productive individuals, this natural bounty is to be managed by government for the benefit of the people. The United States government has a fiduciary responsibility in regard to these natural assets. SO it has come to pass that the United States government will have recognized that it has been negligent in regard to this responsibility. Henceforth, the United States government shall at all times retain legal title to all such natural "goods" and retain contractors to develop such "goods" in a manner that is most beneficial to the people of the United States. As oppsed to the United States receiving a royalty on the oil, the oil field service contractors will receive a percentage of the accounting profits from the recovery of the "goods", The United States government will be responsible for this and any other "spills" because the United States government will direct contractors in the development of the UN_OWNED resources that belong equally to all persons of the United States. And those contractors will act only at the direction of the United States government. The contractors can and will own equipment and technology to accomplish the tasks of oil recovery. But the US government retains ownership of the natural environment and the oil itself and is responsible for any environmental degradation.<br /><br />Thus:<br /><br />When the EPA and the Department of Energy tell a contractor that an xxx ton block of concrete with suitable and automatically closing access ports must be placed above any water bound bore hole BEFORE DRILLING CAN COMMENCE then that will be the case.<br /><br />further:<br /><br />All of the market value of all the minerals after payments to contractors (including contractors percentage of accounting profits) will inure to the benefit of the United States Treasury.<br /><br />If government is to be saddled with the costs then government will be reaping the gains.TheTruckerhttps://www.blogger.com/profile/10346127768102862741noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-10863596523042152602010-06-11T06:52:15.517-04:002010-06-11T06:52:15.517-04:00A "Bo[eh]ne[r] of contention"?A "Bo[eh]ne[r] of contention"?Shag from Brooklinehttps://www.blogger.com/profile/07312591102812315460noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-42436775586428901552010-06-11T05:00:22.187-04:002010-06-11T05:00:22.187-04:00There were regulatory attempts, deep within the go...There were regulatory attempts, deep within the government, to address the technology shortfall in deepwater drilling before permits were granted, but they were ignored. To me that is regulatory failure. Does that get BP off the hook for clean-up costs beyond its statutory obligations? If they want their brand to recover in the US, no.Anonymousnoreply@blogger.com