It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Originally posted by JohnPhoenix
YES !! Everyone read the whole article then look up info on RICO. I think this may have a good shot. The best hope is that BP gets bankrupt. They have Billions and Billions of dollars they could be using to fix this situation the right way... if there were only forced to do that.
Originally posted by mike_trivisonno
reply to post by dizzie56
Big Corporations are tyrannical.
All of these Big Oil corporations?
Many of us have watched them form, merge, takeover, bubble, and arise almost mysteriously after the 1970s "oil shortage". It didn't used to be this way.
They all need to be broken back down into smaller corporations that are better able to function at regional level. It is painfully obvious that they are incapable of responding reasonably once they grow beyond a certain point. When you see creepy rich guys running the show, the damage has been done.
Like I said in another thread, if it was gold bars and not worthless crude oil spewing out of that hole, virtually every single resource available would be moved instantly to the site and every darn bit of it would be tracked down and recovered, by deadly force if needed.
Originally posted by mike_trivisonno
reply to post by dizzie56
Big Oil corporations behave in a tyrannical fashion. They are certainly oppressive and their source of power comes from oil and the manipulation of its price.
The board of directors of BP is creepy rich people controlling a gigantic soulless machine that tyrannically generates profits at any cost. That is not business. That is not wealth. That is fraud.
Defending BP is akin to defending the person pushing a knife into your heart. Who cares what or where they are drilling. They had the resources to ensure that operations were done as safely as operations in low earth orbit. And God knows the environment they are operating in close enough to it. They failed. Because they don't care. Because we are small people. Creepy. Rich. People.
We certainly don't need corporations this large to drill holes in the ground to get worthless crude oil.
Crude oil is worthless because to get it you only have to drill holes and let it spew. You don't need a gigantic corporation to get it. And you don't have to drill in the middle of the ocean either.
The suits allege that BP committed mail fraud, wire fraud and potentially other RICO predicate act violations when the company sought permits from the federal government for deepwater offshore drilling, knowing that it did not possess the technical expertise or equipment necessary to respond to an emergency such as the ongoing Deepwater disaster.
In the Defense Authorization Act of 1996, the U.S. Department of Energy was directed to sell the assets of NPR-1. On February 5, 1998, the Department of Energy and Occidental Petroleum Corporation concluded the largest divestiture of federal property in the history of the U.S. government. The sale agreement completed a privatization process that began in 1995 when the Clinton Administration proposed selling Elk Hills. The divestment removed the federal government out of the business of producing oil and gas at Elk Hills. In May 1995 the Clinton Administration proposed placing the federally-owned Elk Hills Naval Petroleum Reserve on the market as part of its efforts to reduce the size of government and return inherently non-federal functions to the private sector. In February 1996, the Congress passed and the President signed the Defense Authorization Act for Fiscal Year 1996 containing authorization to proceed with the sale.