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View Diary: White House plans to force BP to set aside money to pay damages (272 comments)

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  •  The right wing will go crazy again (0+ / 0-)

    We own GM, now maybe BP. Looks like socialism to me :). I agree that BP must be held accountable, but a weakened BP won't be able to pay as much as a healthy BP.  Not sure how that works.  Maybe all dividends go to escrow account.  Eventually, BP stock will go down significantly because of lack of dividend, especially if Shell and Exxon pay dividends to stock holders.  In some way, all oil companies should pay, BP was unlucky to get caught (or stupid enough to lose), but it could happen to any of them.  I think a stiff profit tax on oil companies, 50% might help build the escrow account for the Gulf.

    I also agree we need new energy, but if you read about imported lithium and imported wind turbines (from China), we're losing that battle already.  We need a Manhattan Project or Moon race type effort to make US change ASAP.  Will it happen, no, unless Israel attacks Iran and Iran sinks 2 or 3 oil tankers in the straits, cutting off oil.  We'll use cars for breach erosion abatement.

    "War is Peace, Freedom is Slavery, Ignorance is Strength", George Orwell, "1984" -7.63 -5.95

    by dangoch on Sun Jun 13, 2010 at 05:06:35 PM PDT

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