why are emotional appeals to BP stock/pension holders being used?

Discussion in 'Environment' started by blu, Jun 12, 2010.

  1. blu
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    blu Senior Member

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    these people either invested in a bad company by themselves or allow their retirement to. in a free market you are not guaranteed success and the government should not bail you out when you fail. I really don't understand why I should feel sorry for people who invested in BP since they knew they were taking a risk when doing so and in this case they lost. They should have invested smarted by diversifying investments or having a plan if their one hope (BP) were to fall
     
  2. Gunny
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    Gunny Gold Member

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    Why are emotional appeals to tree-huggers and socialists being used to vilify a freakin' accident?

    See how that works?:eusa_hand:
     
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  3. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    Nobody is saying the shareholders should be bailed out. The objections are to the U.S. government's interference in what is a BP board decision.
     
  4. blu
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    blu Senior Member

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    yes and I actually have been thinking about that and trying to see the root cause of the fall of the stock price / confidence in long term BP. The problem with your argument is that everywhere I look the first people bringing bad news were economists that were attempting to figure out how much it would cost BP. After these costs came out plus BP having multiple failed attempts to stop the leak, that is when the stock confidence/price started to fall.

    Many other people including myself only really understood how bad the spill was in terms of money and long term damage after reading these economists reports.

    also, while investigations will go on forever, the idea that it was a simple 'accident' isn't really proven true (yet?). There are multiple reports and investigation that are pointing to negligence and high risk and careless activity taking by the crew that were transforming the rig into a full production station.

    Until I can be shown that it was the evironment freaks that caused the fall I really will think it is BPs fault due to their own stupidity followed by reality checks being published by economists. You also have to think that economists would have much more effect on the market than tree huggers.
     
  5. blu
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    blu Senior Member

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    you talking about the dividends? I already made a thread here that got a lot of posts about that and I am/was strongly against it.
     
  6. Gunny
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    Gunny Gold Member

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    First, I do not disagree the spill is bad. However, the rig busting was an accident. The only reason the left vilifies BP is because of their zero-defect mentality for anything that isn't in lockstep with their ideals that began in the 80s.

    Contrarily, the right is pussy enough to jump through hoops to try and appease the left.

    Accidents happen. The Titanic sank. Amelia Earhart crashed. The nuclear reactor at 3 Mile Island melted down.

    Affixing blame is for pussies. Try fixing the problem.

    As one who loves going to the coast, and lived most of the 70's in South Florida and initially wanted to be a professional beach bum do you REALLY think I don't understand the ramifications of this spill?

    But when was it decided we should eat our own? Industrialization, capitalism and OIL got us where we "were" when we "were" on top. Self-loathing and blame in the last few decades is what has removed us from being there.

    I'm ALL for an alternative fuel source. Come up with one that works. I'd love most to become independent from idiot nations that control the oil. Until then, check your gas gauge. You might be a bit low.
     
  7. NYcarbineer
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    NYcarbineer Diamond Member

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    Why didn't you mention the Exxon Valdez 'accident'? Too good an analogy? lol
     
  8. Old Rocks
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    Old Rocks Diamond Member

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    Gunny. You are posting bullshit. This was no accident. When you take enough chances, there is no longer a chance of catastrophe, there is a certainty of it. BP had taken enough chances that the blowout was a certainty.

    Workers Describe Failures On Oil Rig - Wake County - MyNC.com

    At a Coast Guard hearing that started earlier this month and continued in New Orleans on Wednesday, Doug Brown, chief rig mechanic aboard the platform, testified that the trouble began at a meeting hours before the blowout, with a "skirmish" between a BP official and rig workers who did not want to replace heavy drilling fluid in the well with saltwater.

    The switch presumably would have allowed the company to remove the fluid and use it for another project, but the seawater would have provided less weight to counteract the surging pressure from the ocean depths.

    Brown said the BP official, whom he identified only as the "company man," overruled the drillers, declaring, "This is how it's going to be." Brown said the top Transocean official on the rig grumbled, "Well, I guess that's what we have those pinchers for," which he took to be a reference to devices on the blowout preventer, the five-story piece of equipment that can slam a well shut in an emergency

    There is a lot more in that article that indicates a totally dysfunctional management structure on that drilling rig.
     
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  9. Old Rocks
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    Old Rocks Diamond Member

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    Well, Gunny, how does $1.62 a watt for solar sound? That is for a 5 kw kit and includes the grid parallel inverter. In megawatt installations the price would be even less.

    Solar Panels from Wholesale Solar Renewable Energy

    And here in Oregon there is a company preparing to build a plant that will drop the price another order of magnitude. Ink jet deposition. Nanotech, Qdots.

    Solexant
     
  10. NYcarbineer
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    NYcarbineer Diamond Member

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    Accidents and liability aren't mutually exclusive. I don't know who decided to push that notion. There are scores of people in jail for drunk driving 'accidents', when they were to blame. Just as one example.
     
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