Effort to Raise Oil-Spill Liability Fails in Senate (Update1)

[Javaman]

http://www.bloomberg.com/apps/news?pid=20601072&sid=asE4RNMDTGqY

May 14 (Bloomberg) -- Backers of legislation to raise the economic-damage liability cap for oil companies to $10 billion plan to seek passage through the committee process after the legislation failed to win expedited approval yesterday.

Senator Robert Menendez of New Jersey, a sponsor of the bill, said he plans to push for the Senate’s Environment and Public Works committee to take up the measure, which could lead to a full Senate debate on it.

“There’s going to be other avenues to get this to the floor,” Menendez said. “I believe we are going to get a vote on this.”

The measure, introduced in response to the widening oil spill in the Gulf of Mexico, proposed increasing the existing liability cap of $75 million by more than 130 times.

[blindpig]

1. Good luck with that.

This is capitalism, baby.

[dixiegrrrrl]

3. I am having a strong negative reaction to the BP pic on your post.

[blindpig]

4. Is that good or bad?

Anger is appropriate.

[dixiegrrrrl]

5. Appropriate for the gusher, yes.

the image of the man who was shot in the head in Viet Nam, that is a different reaction.
I really do not care for it as it is used here.

EOM

[NJmaverick]

2. The article doesn't seem to match the headline

it seems the Senate failed to speed up passage, but overall the bill still seems to be on track.