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BP is ruining all the Gulf coast with the jobs there and natural resources. BP just paid out 2.63 billion in dividends. I would call BP an honest player if that money had been put into a restitution fund. So far I don’t trust BP on any kind of payouts they will be making. They are a British company so how much jurisdiction does US law have?? What US assets does BP have that the Feds could seize to pay out to Americans who have been harmed?

If the relief wells fail after waiting these long three months for them to hit pay dirt...Then things will get very hairy

I would call BP an honest player if that money had been put into a restitution fund.

That is a great idea! But how about the other players? From the article:

Of the 126 people working on the Deepwater Horizon, only eight were BP employees. BP had a 65% share in the well, while a partner, Anadarko, had 25%. The rig was owned and operated by a US firm, Transocean. A failed blow-out preventer was made by another US firm, Cameron, while Halliburton, the oil services firm once run by Dick Cheney, carried out cement work that was supposed to seal the well.

BP may have paid out $3 billion in dividends, but the shareholders are those who need to stick around so BP can pay all the bills coming due. Paying dividends is a budgeted expense of a company. Paying the bills.

What happens if a business stops its bills?

It goes under. Then guess who pays the bills. You do.
Talk about stopping dividends led to investors dumping BP stock yesterday. BP has lost $82 BILLION in value in the past week.

That was “value” that could have figured into BP”s ability to pay future damage claims. Now, it is gone. Went with the wind.

You know who is invested in BP to earn dividends, right? Mostly pension funds. Teachers and public workers. IF the value of pension investments is wiped out, who pays?

Cavuto had this on FOX business last night.

Talk is now BP may declare banKrupcty by end of month, because obama is trying to tag them to pay the salaries of every oil driller in every company laid off because of obama’s executive order stopping all rig operations.

Charming.

BP just paid out 2.63 billion in dividends. I would call BP an honest player if that money had been put into a restitution fund.

Hmmmm. . .maybe. But the stockholders generally receive dividends based on earnings. I don't think you want people not receiving dividends in their retirement fund. It isn't their fault this happened.

Of course BP should pay for the clean up and indemnify those who lost income directly as relates to the spill. That will ultimately impact the stockholders anyway, which is why everyone is selling their BP stock.

What US assets does BP have that the Feds could seize to pay out to Americans who have been harmed?

I don't think we want to go down that road. Next thing you know, the libs will be demanding that the feds seize assets from your local electric company because of the harm they've done to the environment through burning coal or something like that.

We all need to remember - this was an accident. It wasn't like BP did it on purpose. The reason this has been so difficult to fix is because they were forced to drill in such deep water instead of closer to the shoreline. I blame our government/the EPA for that.