BP Should Fight the Government on Costs

Yossi Gestetner
I know it is in style to gang up on BP for the oil spill, but let me get straight to it: The United States Coast Guard (USCG), according to regulation, plan and/or law, is responsible to contain and clean up oil spills that affect the US waters, in addition that the ultimate command of all cleanup operations rests with the USCG.

Last August, seven months after Bush left office, the Coast Guard revised its reaction plans, which lawmakers - who should have oversight BEFORE A DISASTER - on the USCG, had no problem with the revised plans during the June 16 testimony of the five executives of large energy companies whose reaction plans were attacked as flawed and insufficient.


Beyond the responsibility that BP has for plugging the damn hole and some damage that has accrued since then, it should be the Federal Government, who's Coast Guard has failed in its task, that should pay for the clean-up of the coasts, lost fisherman's work, and all other dirt that comes with this mess.
If BP, according to law and regulation, were the sole, top responsible and authorized power in the Gulf, then hands down Obama should suck'em dry. The fact however is, that the USCG has top control of how things go or don't go there. Therefore, BP should NOT let Obama have $20 billion as a down payment. Instead BP should fight back with legal and PR means by pointing how moves and inaction of the Coast Guard permitted more oil to reach deeper into shorelines, and theretofore the Federal Government should take responsibility of at least half the clean-up cost. (Besides this point, let's not forget that STUPID government policies sent the oil firms fifty miles out, thousands of feet deep to get oil, where it is difficult to stop spills. Therefore, the government should have more than a mere 50-50 liability to cleanup - and pay for - this mess).

If BP will without a challenge continue giving into Obama's and the Dems' demands such as the $20 billion account and the additional $100 million for workers who don't have work due to Obama's moratorium, the firm will ‘VERY likely', as I tweeted on June 14, collapse/go into bankruptcy, because as far some on the left are concerned, $20 billion is just a down payment. If this approach goes unchallenged, BP will sink into the oily ocean.


I know it is in style to gang up on BP for the oil spill, but let me get straight to it: The United States Coast Guard (USCG), according to regulation, plan and/or law, is responsible to contain and clean up oil spills that affect the US waters, in addition that the ultimate command of all cleanup operations rests with the USCG.

Last August, seven months after Bush left office, the Coast Guard revised its reaction plans, which lawmakers - who should have oversight BEFORE A DISASTER - on the USCG, had no problem with the revised plans during the June 16 testimony of the five executives of large energy companies whose reaction plans were attacked as flawed and insufficient.


Beyond the responsibility that BP has for plugging the damn hole and some damage that has accrued since then, it should be the Federal Government, who's Coast Guard has failed in its task, that should pay for the clean-up of the coasts, lost fisherman's work, and all other dirt that comes with this mess.

If BP, according to law and regulation, were the sole, top responsible and authorized power in the Gulf, then hands down Obama should suck'em dry. The fact however is, that the USCG has top control of how things go or don't go there. Therefore, BP should NOT let Obama have $20 billion as a down payment. Instead BP should fight back with legal and PR means by pointing how moves and inaction of the Coast Guard permitted more oil to reach deeper into shorelines, and theretofore the Federal Government should take responsibility of at least half the clean-up cost. (Besides this point, let's not forget that STUPID government policies sent the oil firms fifty miles out, thousands of feet deep to get oil, where it is difficult to stop spills. Therefore, the government should have more than a mere 50-50 liability to cleanup - and pay for - this mess).

If BP will without a challenge continue giving into Obama's and the Dems' demands such as the $20 billion account and the additional $100 million for workers who don't have work due to Obama's moratorium, the firm will ‘VERY likely', as I tweeted on June 14, collapse/go into bankruptcy, because as far some on the left are concerned, $20 billion is just a down payment. If this approach goes unchallenged, BP will sink into the oily ocean.