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To: commish

Thanks so much for your first hand report. I don’t want to “over-react” but I know all these businesses will not survive this irresponsible “accident” on BP’s and the government’s part.

BP was nailed for causing a refinery fire in Texas that killing workers and exposed citizens to toxic air due to neglegence. They also have another unsafe rig that could blow at any time and is reportedly leading oil - the Atlantis rig. The corporate culture there is a huge problem.

BP is a corporate menace. That is not “hysterical”. That is fact at this point based on their track record. I know the implications...but we need to shut down BP right now and look at their operations carefully before they kill anymore people and life in the gulf.


15 posted on 06/12/2010 2:25:07 PM PDT by SaraJohnson
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To: SaraJohnson

you are 100% correct I work with several former BP employees that quit because they valued there life over a job. we cannot let the “Poor Pensioners” get away with saying BP cannot pay because we will loose money. If you were dump enough to buy BP stock then you deserve to loose your money.


21 posted on 06/12/2010 2:33:04 PM PDT by chemengineer42
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To: SaraJohnson
We need to encourage BP to stay afloat...not shut it down. The company has a $20 billion a year cash flow that needs to be maintained so that they can pay for the clean-up and the liabilities from lost jobs/businesses. BP has committed to doing that. It is my understanding that under federal law BP's liability is capped at $75 million after the clean up. If the company gets dumped on too much they can file for bankruptcy, merge or any number of legal movers....leave $75 million on the table and walk away. Accidents happen when we try to extract deposits from the earth. This could have happened to any of the oil companies. Hold BP accountable and force them to use that cash flow to make everybody whole in the end. Then beef up the government regulatory scheme, in conjunction with the expertise that the oil companies have, to make sure an accident of this magnitude never happens again.
22 posted on 06/12/2010 2:35:46 PM PDT by northwinds
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