Slouching Towards Oblivion

Thursday, May 16, 2013

High Calorie Content Warning

...because this is just too damned sweet.
BP wants Prime Minister David Cameron to intervene over the escalating cost of compensating US companies for the Gulf of Mexico oil disaster in 2010.
BBC business editor Robert Peston has learned that BP feels its financial recovery is in jeopardy because the compensation system is being abused.
The financial burden of paying fictitious and inflated claims may even make BP a takeover target, it fears.
BP hopes Mr Cameron will raise the issue with the US government.
BP shits on EPA every chance they get, and then they stiff-arm every government agency trying to help with Deepwater Horizon, but now that they're being held to account for their fuckup, they go cryin' to Parliament to save their asses.

Meanwhile, back in the boardrooms of Big US Oil - those guys are (probably) using every nickel in the Government Affairs budget to get Local, State and Federal agencies to keep the pressure on BP, and it shouldn't surprise anybody if it turns out (eg) Exxon's lending a bit of a hand directly to squeeze a few extra bucks out of BP "for the good of our hard-working local independent job-creatin' small business owners".  Of course they do that kind of thing quietly and very carefully.

They're happy to get some Gubmint Assistance in order to fuck over a competitor and improve their market position, but they have to be careful not to disturb the rubes - above all else, they must never upset the delicate framing of "government is always bad except when it serves the interests of Business".

("and in cases like this, we're gonna let you pretend you're one of us").

And let's also not ignore the fairly obvious Tort Reform angle to all of this as well.

hat tip = Democratic Underground

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