Ed Schultz & Papantonio Go After BP

[GoLeft TV]

Run time: 09:42 https://www.youtube.com/watch?v=VT6mhxxN6VA   Posted on YouTube: May 03, 2010 By YouTube Member: golefttv Views on YouTube: 0   Posted on DU: May 04, 2010 By DU Member: GoLeft TV Views on DU: 830

 
Things are heating up on the Gulf Coast as oil from the Deep Horizon rig explosion is now washing up on shore. Over the weekend, BP attempted to get Gulf Coast citizens to sign away their right to sue the company for a mere $5,000, but they've since been reprimanded for doing so. Mike Papantonio appears on Ed Schultz's radio program to talk about the latest developments in the case.

[tekisui]

1. I hope BP goes belly up for this. Papantonio thinks they could.

Especially interesting is the part that they may have been drilling deeper than their contract permitted, which could have lead to drilling into a spot with too much pressure for the rig. The rest is the tragedy unfolding.

[swilton]

6. What if they declare bankruptcy before they clean this up?

Anyone know?:think:

[Generic Other]

2. Corporate Death penalty

when a company deserves to die.

[dotymed]

4. Absolutely, invoke it on the financial institutions too.

Sadly, in reality, the people would probably get more money from taking the $5000 settlement. After the lawyers take their cut, and the leftovers are dispersed, they will probably end up with a couple of hundred $$. The whole system is set up for the wealthy. What a country..

[LaPera]

3. Excellent segment from today's, the Ed Show (MSNBC).

[Turborama]

5. Have you seen the NYT article you're in yet?

On Defensive, BP Readies Dome to Contain Spill




On Monday, lawyers representing environmental groups, workers from the oil rig and fishermen who have been hurt by the leak leveled fresh accusations against BP, as well as Transocean and Halliburton. BP leased the rig from Transocean. Halliburton was providing several services on the rig, including cementing, which is a method of sealing the well to control pressure from the oil and gas beneath.

=snip=

Another worker familiar with the rig told the lawyers that the company had chosen not to install a deep-water valve that would have been placed about 200 feet under the sea floor. Much like blowout preventers, devices that are meant to seal leaks, this valve could have served as a cutoff of last resort in explosions, the lawyers said.

“The company took their chances in not having the valve so they could save money,” said Mike Papantonio, one of the lawyers representing the shrimpers and fishermen.

=snip=

More than a half-dozen workers who were on the rig at the time of the explosion told the lawyers that the rig operator had seemed to be rushing to finish and detach from the well — a possible factor that could have contributed to the explosion.

However, the lawyers, including Mr. Papantonio from Florida, and Daniel Becnel and Ronnie Penton from Louisiana, said that all the facts were not known and speculation was rampant.

Full article: http://www.nytimes.com/2010/05/04/us/04spill.html?pagewanted=all