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Showing posts with label Deep Horizon. Show all posts
Showing posts with label Deep Horizon. Show all posts

Friday, April 30, 2010

Oils pill 2: Bleak House

It is loudly said that British Petroleum will pay the bill for the Oil Spill.
Of course, it is BP that will pay for this mess......

Or actually BP's insurance carrier.........

which means we'll pay for it with higher insurance premiums eventually....since other carriers will insist on more costly safeguards.......

and the environmental damage and the loss of livelihood for the fisheries will be paid by BP.... and the lawsuit will drag on, the plaintiffs will be awarded a sum, it will be appealed, and after 20 years, the settlement will be reduced to a pittance....

Dicken's Bleak House....

Actually, there is a good chance BP won't pay very much at all, or will pay more in legal fees than to those adversely impacted by this mess.
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Thursday, April 29, 2010

Oils pill



It was a typo for Oil Spill, but I guess it is more like "bitter pill to swallow" or some such metaphorical nonsense.

Anyway:  oil spill... much, much  worse than thought! ... will accept any help...

Sounds to me like another shoe falling; another one of Imelda Marcos' thousands of shoes, which is another one of those metaphor thingies for our screw ups. Perhaps we can "bail out" the Gulf of Mexico. Maybe there'll be a "Sunni Awakening of oil spills" to help save our poorly planned hides.........

Bottom Line, idiots:   Proper and Adequate and Thoughtful preparation and execution take time!
Time costs money! That cost will reduce profits! Profits must be maximized!

Socialize the cost: the cost of all poor decisions will be heaped onto the backs of those mindless beasts of burden, dumber than Sancho Panza's donkey's stupid cousin, the taxpayers of this country of miserable leadership.

And if you think I'm a fool, and ask if I can do better, I have reached the point where I'd take you up on it. Yes, I can do a better job.