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Thread: Can the U.S. take over BP America?

  1. #1
    Friend of Gossip Rocks! buttmunch's Avatar
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    Default Can the U.S. take over BP America?

    Q: Is this realistic?

    A: Not only realistic but it may become necessary -- both operationally and politically. If the disaster continues to worsen, it's untenable for a for-profit corporation to be in charge.

    Q: But why should we expect government to do any better job than BP?

    A: BP would still be at the job -- and its expertise, equipment, and other assets would continue to be utilized. But the federal government would be in overall control of the operation -- weighing public risks and benefits, deciding what resources are necessary, getting accurate information and disseminating it to the public.

    Q: Why should we trust the government?

    A: This isn't an ideological contest about how little you trust a giant oil company versus the federal government. It's a matter of accountability. BP's primary responsibility is to its shareholders. And it will cut corners -- as it has before -- if that's the best way to maximize the value of their shares. But only the government, through the president, is directly accountable to the American public, and responsible for protecting it.

    Q: Under what legal authority could the president take control of BP’s North American operations?

    A: Obama has implicit authority through laws and regulations dealing with offshore drilling, especially the Oil Pollution Act of 1990. By analogy, if a nuclear reactor were melting down, the president would use his regulatory authority over nuclear energy to take temporary control over the plant and the relevant parts of the corporation that ran it. President Truman seized the nation’s steel mills in 1952, arguing that the emergency of the Korean War necessitated it. (The Supreme Court ultimately blocked him but according to Justice Jackson, whose opinion was essentially the majority's, that was because Truman had no statutory basis for the seizure, not even an implicit one. That isn’t the case here.)

    Q: But BP is a British corporation. How can the U.S. government take control?

    A: The nationality of a corporation's shareholders has nothing to do with it. If it is operating within the jurisdiction of the United States and poses a serious and imminent threat to the health or safety of Americans, a president would take control of its operations and assets in the United States.

    Q: Do you really think Obama would do this? Wouldn't he prefer to stay away from this mess and keep the responsibility squarely on BP?

    A: He may not have much of a choice. If the disaster worsens and Obama doesn't take control he risks inheriting the mantle of Katrina.

    Q: What will force his hand?

    A: The White House is already inching toward control. BP's new admission that it can't stop the leak until August has shocked a public already deeply distrustful of it. As new evidence emerges of the scale of the disaster, the pressure on the Administration to take full and open control will only grow. Last Saturday Energy Secretary Chu asked BP to cease its so-called "top kill" effort to stop up the gush because he and his team of scientists had concluded it was too risky. Now the White House has to decide whether BP's continued use of highly toxic dispersants poses more of a threat to the public and the environment than a help. When do these decisions tip over into control? Any time now.

    Could we really take over BP? - Gulf Oil Spill 2010 | Gulf Oil Spill Pictures, Gulf Oil Spill News - Salon.com
    Interesting. It's a pretty bold move to take it over but it doesn't seem like there's any other solution, unless the new man in charge at BP is more effective.
    'Those who sacrifice liberty for security deserve neither.' Ben Franklin

    "When fascism comes to America, it will be wrapped in the flag and carrying the cross."
    --Sinclair Lewis

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    Elite Member Grimmlok's Avatar
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    Should have been done after the first week.
    I am from the American CIA and I have a radio in my head. I am going to kill you.

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    Elite Member kingcap72's Avatar
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    The White House is already inching toward control. BP's new admission that it can't stop the leak until August has shocked a public already deeply distrustful of it. As new evidence emerges of the scale of the disaster, the pressure on the Administration to take full and open control will only grow.
    And I hope Obama does take over. BP has already shown that their top priority isn't to stop the spill, but to cover up their own liability, and the public knows that. BP could've already had supertankers sucking up a lot of this oil and kept the spill from spreading as wide as it has, but they don't want to because of liability issues.

    Obama may not want to temporarily run an oil company, but he doesn't have much of a choice anymore.

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    Elite Member Grimmlok's Avatar
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    I love that.. "As new evidence emerges of the scale of the disaster"... new details? Seriously?

    Details BP was trying to cover up and only, ONLY the scientists who went out of their way to try and get past the BP/Obama admin bullshit screen managed to get to the media?

    Those details were known to everybody! As to the scale of the disaster, do they think the public is really THAT stupid, like the administration wasn't aware?

    That posits 2 things: either they're LYING and have known all along and have actively been engaging in information suppression (and only the media has tipped their hand now and they're scrambling) which is the most likely scenario.

    Or they've been seriously and totally clueless this entire time, which is even more frightening.

    Either one is just... reprehensible
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    Can you imagine what the Republicans and teabaggers will say if Obama were to take over BP.
    Tea baggers want to fight the Man because the Man doesn't look like them.

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    Elite Member McJag's Avatar
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    I would like to see them taken over & horse whipped.
    I didn't start out to collect diamonds, but somehow they just kept piling up.-Mae West

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    Elite Member Grimmlok's Avatar
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    Quote Originally Posted by visitor42 View Post
    Can you imagine what the Republicans and teabaggers will say if Obama were to take over BP.

    I keep running into this argument a lot, and it's hard not to lose my shit.

    But here's my response:

    WHO GIVES A RAT'S FUCKING ASS WHAT REPUBLICANS AND TEABAGGERS WOULD FUCKING SAY.

    OBAMA's HURT FEELINGS ARE NOT, REPEAT, NOT MORE IMPORTANT THAN THE DEATH OF THE GULF OF MEXICO.


    Jesus CHRIST.
    I am from the American CIA and I have a radio in my head. I am going to kill you.

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    Elite Member Mel1973's Avatar
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    Quote Originally Posted by Grimmlok View Post
    I keep running into this argument a lot, and it's hard not to lose my shit.

    But here's my response:

    WHO GIVES A RAT'S FUCKING ASS WHAT REPUBLICANS AND TEABAGGERS WOULD FUCKING SAY.

    OBAMA's HURT FEELINGS ARE NOT, REPEAT, NOT MORE IMPORTANT THAN THE DEATH OF THE GULF OF MEXICO.

    Jesus CHRIST.
    This!
    Kill him.
    Kill her.
    Kill It.
    Kill everything... that IS the solution!
    П(•_•)П
    twitchy molests my signature!

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    Quote Originally Posted by Grimmlok View Post
    I keep running into this argument a lot, and it's hard not to lose my shit.

    But here's my response:

    WHO GIVES A RAT'S FUCKING ASS WHAT REPUBLICANS AND TEABAGGERS WOULD FUCKING SAY.

    OBAMA's HURT FEELINGS ARE NOT, REPEAT, NOT MORE IMPORTANT THAN THE DEATH OF THE GULF OF MEXICO.


    Jesus CHRIST.
    Take a chill pill. I didn't say Obama shouldn't take BP over because of possible reaction from the teabaggers. I don't know enough about the ramifications of such a takeover to have an informed opinion, do you?
    Tea baggers want to fight the Man because the Man doesn't look like them.

  10. #10
    Elite Member ana-mish-ana's Avatar
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    This is really interesting and I agree the US Government should have made more of an effort to control things. Here in the UK the Media is playing the US is hypocritical and is slandering British companies angle here rather than focusing on the environmental disaster although its mainly the rightwing press :S

  11. #11
    Elite Member Grimmlok's Avatar
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    Quote Originally Posted by visitor42 View Post
    Take a chill pill. I didn't say Obama shouldn't take BP over because of possible reaction from the teabaggers. I don't know enough about the ramifications of such a takeover to have an informed opinion, do you?
    Yes.
    I am from the American CIA and I have a radio in my head. I am going to kill you.

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    Elite Member darksithbunny's Avatar
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    It really upsets me that as we sit here, that shit is still spilling into the ocean. 6 times worse than Valdez? Try like 100. This will probably be the worst manmade disaster ever. All the ocean, river, seas, lake, everything will be affect by this.

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    Friend of Gossip Rocks! buttmunch's Avatar
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    The thing is, as ana said, the British press is playing this as an attack on the Brits and going completely mental. The sad thing is that with this and with so many other things (think the blockade flotilla, etc) there is more to deal with than just 'fuck you, we're saying/doing/acting like this. Diplomacy is a strange thing and while sometimes it works it sometimes gets in the way of action. If the US does nationalize BP America it will be a slap in the face to one of our strongest allies. And it will hurt David Cameron..actually, it already has, since he said nil to Obama during their meeting and press conference the other day and the red tops in particular went loony over it.
    'Those who sacrifice liberty for security deserve neither.' Ben Franklin

    "When fascism comes to America, it will be wrapped in the flag and carrying the cross."
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    Elite Member Grimmlok's Avatar
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    I'm sure the government would look even more stupid once the crude starts washing up on British shores. That's where it's heading after it rounds florida.

    it doesn't have to be nationalized, all it has to be is put under TEMPORARY receivership.

    BP is going go to tits up anyway, unless it squirrels out of paying for this mess.. certain GOP congresspeople are already agitating that the US taxpayer should foot the bill (which is patently absurd)
    I am from the American CIA and I have a radio in my head. I am going to kill you.

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    Friend of Gossip Rocks! buttmunch's Avatar
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    Yeah, I was just reading about the repugs screaming for taxpayers to foot the bill, especially that one that looks like he just walked out of a Sears underwear catalogue from 40 years ago. Assholes. On one hand they're yelling about default homeowners and the unemployed (it's their fault, natch) but on the other hand they want to bail out BP. If the US does it they're fucked because BP is going down. Their stock today is worth less than the company's assets so either way it's lose-lose.
    'Those who sacrifice liberty for security deserve neither.' Ben Franklin

    "When fascism comes to America, it will be wrapped in the flag and carrying the cross."
    --Sinclair Lewis

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