perseus
Active member
I am no friend of big Oil, however, you would think the way Obama was ranting, it was BPs, yes they are legally responsible but how much can they be morally blamed? Is it part of an anti-British pro-US stance here?
In fact there are five companies connected to the disaster, including Cameron the manufacturer of the failed blowout preventer. (BTW Now why didn't we have that company name all over the UK newspapers over the past week? To avoid a bad connection with someone else in the electorates feeble mind? The right wing media protects its own!)BP was principal developer of the oil field and leased the oil rig from Transocean Ltd.[10] The U.S. Government has named BP as the responsible party in the incident and will hold the company accountable for all cleanup costs resulting from the oil spill.[11][12] BP has accepted responsibility for the oil spill and the cleanup costs but indicated that the accident was not their fault as the rig was run by Transocean personnel.[13]
http://en.wikipedia.org/wiki/Deepwater_Horizon_drilling_rig_explosionBP, Transocean, Anadarko Petroleum, Halliburton and Cameron International, had lost a total of $21 billion in market capitalization since the explosion.[86] It noted that Halliburton, which had lost $1.5 billion, "generally does not take environmental risk" and includes a limited liability clause in its contracts, and that Cameron's loss of $1.8 billion in market value was out of proportion to its involvement as manufacturer of the blowout preventer, as "most manufacturers are not responsible for consequential damages."[87]
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