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Senate Witness: BP using dispersants so oil hits "beaches for 10 or 15 years"; To benefit from long-term amortization of costs (VIDEO)

 
Sludge
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07/01/2010 06:14 PM
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Senate Witness: BP using dispersants so oil hits "beaches for 10 or 15 years"; To benefit from long-term amortization of costs (VIDEO)
Fred McCallister to Testify Before U.S. Senate Regarding Oil Spill, Red Tape, KSWO Channel 7 Oklahoma, June 29, 2010:

“We believe BP has chosen to ‘disperse and sink’ the oil rather than to ’surface and collect’ the oil,” said McCallister. …

“This way BP can amortize the cost of the clean up over the next 15 years. Unfortunately this strategy exacerbates the significant cost to the Gulf of Mexico and the people and animals who live there.”

Oil Disaster Day 71; Tropical Storm Set to Impact Gulf, CNN ANDERSON COOPER 360, June 29, 2010:

FRED MCCALLISTER, VICE PRESIDENT, ALLEGIANCE CAPITAL CORPORATION: It keeps it out of sight and out of mind. And it allows BP to amortize the cost of the cleanup over several years, 10 to 15 years, because some of this oil is going to biodegrade, but a lot of that oil is going to roll up on the beaches for 10 or 15 years.

And if they can amortize that over 10 or 15 years,as opposed to dealing with that over the next 15 months, that’s a much better financial position for BP to be in.


Skip to 3 minutes in:
[link to www.floridaoilspilllaw.com]





full video:
[link to www.youtube.com]

Last Edited by ^TrInItY^ on 07/01/2010 08:06 PM
Anonymous Coward
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07/01/2010 06:16 PM
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Re: Senate Witness: BP using dispersants so oil hits "beaches for 10 or 15 years"; To benefit from long-term amortization of costs (VIDEO)
:pin:
Sludge  (OP)

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Re: Senate Witness: BP using dispersants so oil hits "beaches for 10 or 15 years"; To benefit from long-term amortization of costs (VIDEO)
pin
 Quoting: Brian Moran
Sludge  (OP)

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07/01/2010 06:42 PM
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Re: Senate Witness: BP using dispersants so oil hits "beaches for 10 or 15 years"; To benefit from long-term amortization of costs (VIDEO)
bump
Anonymous Coward
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07/01/2010 07:14 PM
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Re: Senate Witness: BP using dispersants so oil hits "beaches for 10 or 15 years"; To benefit from long-term amortization of costs (VIDEO)
Yeah, because the more wildlife it kills, and the longer it takes to get back to normal, well those are small fry compared to what is best for BP from a financial perspective!
Sludge  (OP)

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07/01/2010 07:15 PM
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Re: Senate Witness: BP using dispersants so oil hits "beaches for 10 or 15 years"; To benefit from long-term amortization of costs (VIDEO)
bump
Karu

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07/01/2010 07:33 PM
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Re: Senate Witness: BP using dispersants so oil hits "beaches for 10 or 15 years"; To benefit from long-term amortization of costs (VIDEO)
Criminal!
Mr fix it

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07/01/2010 07:40 PM
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Re: Senate Witness: BP using dispersants so oil hits "beaches for 10 or 15 years"; To benefit from long-term amortization of costs (VIDEO)
so.... whats new in oz?
WizzleDizzle

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07/01/2010 07:45 PM
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Re: Senate Witness: BP using dispersants so oil hits "beaches for 10 or 15 years"; To benefit from long-term amortization of costs (VIDEO)
Criminal!
 Quoting: Karu


Beyond criminal, this is outrageous.

LETS GO ADD MORE TOXIC STUFF TO SOMETHING ALREADY TOXIC!!! YEAH GOOD IDEA!!!!
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Yee Haw

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07/01/2010 07:48 PM
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Re: Senate Witness: BP using dispersants so oil hits "beaches for 10 or 15 years"; To benefit from long-term amortization of costs (VIDEO)
That is the reason the clean up is so low key. Why bother?
Anonymous Coward
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07/01/2010 08:00 PM
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Re: Senate Witness: BP using dispersants so oil hits "beaches for 10 or 15 years"; To benefit from long-term amortization of costs (VIDEO)
lol that guy is full of shit. You disperse oil, thats how you clean it up. and he thinks its better for BP to be paying for this 15 yrs from now, LOL. Give me a break cnn. Go cover something important like the fact that obama new about Blago, or the fact that he told the DOJ to have the case against the Black Panthers.
Anonymous Coward
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07/01/2010 08:11 PM
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Re: Senate Witness: BP using dispersants so oil hits "beaches for 10 or 15 years"; To benefit from long-term amortization of costs (VIDEO)
lol that guy is full of shit. You disperse oil, thats how you clean it up. and he thinks its better for BP to be paying for this 15 yrs from now, LOL. Give me a break cnn. Go cover something important like the fact that obama new about Blago, or the fact that he told the DOJ to have the case against the Black Panthers.
 Quoting: Anonymous Coward 998331


who do you work for?
Anonymous Coward
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07/01/2010 08:13 PM
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Re: Senate Witness: BP using dispersants so oil hits "beaches for 10 or 15 years"; To benefit from long-term amortization of costs (VIDEO)
pin
ShadowDancer

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07/01/2010 08:15 PM
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Re: Senate Witness: BP using dispersants so oil hits "beaches for 10 or 15 years"; To benefit from long-term amortization of costs (VIDEO)
tony hayward and his minions of sloppy safety


and fat checks


I am waiting for the news-BP in Hell

the abyss they opened has swallowed them.

hf I have to wait a bit, working on my patience...
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Anonymous Coward
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07/01/2010 09:25 PM
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Re: Senate Witness: BP using dispersants so oil hits "beaches for 10 or 15 years"; To benefit from long-term amortization of costs (VIDEO)
bump
Corizon

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07/01/2010 09:27 PM
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Re: Senate Witness: BP using dispersants so oil hits "beaches for 10 or 15 years"; To benefit from long-term amortization of costs (VIDEO)
bump
Remember, Remember 11 September
The Gun powder, Treason and Plot
I know of NO reason
why the gun powder treason
should ever be forgot.

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I think he's from the CIA.
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Anonymous Coward
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07/01/2010 09:55 PM
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Re: Senate Witness: BP using dispersants so oil hits "beaches for 10 or 15 years"; To benefit from long-term amortization of costs (VIDEO)
sounds about right to me

spread those costs out over time and deduct as a business expense
Anonymous Coward
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07/01/2010 10:23 PM
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Re: Senate Witness: BP using dispersants so oil hits "beaches for 10 or 15 years"; To benefit from long-term amortization of costs (VIDEO)
I dont jack bout oil spills. But... why not let the oil rise to the surface and burn it w/o dispersants? Many miles offshore.
Anonymous Hero
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07/01/2010 11:00 PM
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Re: Senate Witness: BP using dispersants so oil hits "beaches for 10 or 15 years"; To benefit from long-term amortization of costs (VIDEO)
This is the most important issue in regards to this entire event. This poison for profit margin bs.

There are some fuckers out there (and not just with BP) who need not just fined, fired, or indicted and incarcerated, but strung up on the rack by their bloodied hands and burned the fuck alive.

We need to spread the information about the dispersant. This is the single most important betrayal that the people need to find out about. The truth needs to be put into the hands of the people.
Anonymous Coward
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Re: Senate Witness: BP using dispersants so oil hits "beaches for 10 or 15 years"; To benefit from long-term amortization of costs (VIDEO)
Psssst.... It's the dope dealing queen and the vatican.
Anonymous Coward
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Re: Senate Witness: BP using dispersants so oil hits "beaches for 10 or 15 years"; To benefit from long-term amortization of costs (VIDEO)
Cut off the head, the body dies
Anonymous Coward
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07/02/2010 12:00 AM
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Re: Senate Witness: BP using dispersants so oil hits "beaches for 10 or 15 years"; To benefit from long-term amortization of costs (VIDEO)
lol that guy is full of shit. You disperse oil, thats how you clean it up. and he thinks its better for BP to be paying for this 15 yrs from now, LOL. Give me a break cnn. Go cover something important like the fact that obama new about Blago, or the fact that he told the DOJ to have the case against the Black Panthers.


who do you work for?
 Quoting: Anonymous Coward 1022418



BP & U.S. Government of course.
sdisme

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07/02/2010 01:21 AM
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Re: Senate Witness: BP using dispersants so oil hits "beaches for 10 or 15 years"; To benefit from long-term amortization of costs (VIDEO)
This may be the stupidest video I have watched to date.

Why would anyone want to amortize a tragic event. Amortization is an accounting tool, not a way to finance something.

IMO this guy probably spent too much time drunk during his college years.
Agent M. Ahmadinejad

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07/02/2010 01:48 AM
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Re: Senate Witness: BP using dispersants so oil hits "beaches for 10 or 15 years"; To benefit from long-term amortization of costs (VIDEO)
lol that guy is full of shit. You disperse oil, thats how you clean it up. and he thinks its better for BP to be paying for this 15 yrs from now, LOL. Give me a break cnn. Go cover something important like the fact that obama new about Blago, or the fact that he told the DOJ to have the case against the Black Panthers.


who do you work for?
 Quoting: Anonymous Coward 1022418


Probably just got done listening to Glen Beck.
Alxander Raven

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07/02/2010 01:58 AM
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Re: Senate Witness: BP using dispersants so oil hits "beaches for 10 or 15 years"; To benefit from long-term amortization of costs (VIDEO)
Corexit dispersant; most toxic and least effective shit available.
The truth will set you free but first it will piss you off.
Anonymous Coward
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07/02/2010 02:08 AM
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Re: Senate Witness: BP using dispersants so oil hits "beaches for 10 or 15 years"; To benefit from long-term amortization of costs (VIDEO)
lol that guy is full of shit. You disperse oil, thats how you clean it up. and he thinks its better for BP to be paying for this 15 yrs from now, LOL. Give me a break cnn. Go cover something important like the fact that obama new about Blago, or the fact that he told the DOJ to have the case against the Black Panthers.
 Quoting: Anonymous Coward 998331

lolatuLOL...You are a natural born bushtard You just showed the world what a dumbass you are. Now go and research this and see just how stupid your statement is. People here are pro active and a we bit smarter than you're giving them credit for.........SO... stfu
Sludge  (OP)

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07/02/2010 08:43 AM
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Re: Senate Witness: BP using dispersants so oil hits "beaches for 10 or 15 years"; To benefit from long-term amortization of costs (VIDEO)
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Sludge  (OP)

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