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BP Share Chat (BP.)



Share Price: 487.40Bid: 535.80Ask: 421.00Change: 9.00 (+1.88%)Riser - Bp
Spread: -114.80Spread as %: -21.43%Open: 484.15High: 0.00Low: 0.00Yesterday’s Close: 478.40


Share Discussion for Bp (BP.)


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maloo
Posts: 426
Off Topic
Opinion:No Opinion
Price:449.50
View Thread (2)
RE: a bit more ...
6 Mar '13
Hi whotme
"So, if I get a cement company in to build my kitchen extension, and tell them to make the cement too loose, and they do as told, and my house falls down, is that my fault for giving bad advice, or their fault as the expert, for doing something was was destined to fail, taking advice from somebody who pays them to know better"...
You spell it out the expert must be at fault he is paid to be an expert and if he acts against his own advice he is at fault
I am a chartered accountant .if my client advises me to submit his tax returns which I realise and know that he is wrong and I submit them under his advice,I AM IN THE WRONG QED
 
cinders1
Posts: 9,028
Off Topic
Opinion:No Opinion
Price:449.50
IF
6 Mar '13
I deliver you concrete and you say"you want it wetter" you sign my paperwork,you can have it as wet as you like!
whotme
Posts: 305
Observation
Opinion:Strong Sell
Price:449.50
View Thread (2)
a bit more ...
6 Mar '13
..."So, if I get a cement company in to build my kitchen extension, and tell them to make the cement too loose, and they do as told, and my house falls down, is that my fault for giving bad advice, or their fault as the expert, for doing something was was destined to fail, taking advice from somebody who pays them to know better"...

Get it right for goodness sake, both Transocean and Haliburton DID object to bp's instructions on well design, and cement composition, and were overruled!! All a matter of public record, see the investigation results ... not that you'll bother ... it's too uncomfortable reading...

The size of the financial penalty is related to the magnitude of the crime as in all cases ... here, you couldn't do worse than that which BP has done, so biggest crime - biggest fine.
whotme
Posts: 305
Observation
Opinion:Strong Sell
Price:449.50
C76
6 Mar '13
I look forward to any attempt by BP to undo the damming evidence produced so far.

such as ...

Heenan is an independent drilling consultant; handles planning, permitting, operational management of drilling ops, mostly in Canada.

Heenan: "I couldn't comprehend, as I looked at this, how these decisions were made given the evidence that was there." ... test should not have been interpreted as a successful test."

Heenan: "Even a layperson would be able to understand how the observed data from the negative pressure...

Heenan: BP's negative pressure test was "a gross and extreme departure from the standards of good oil field practice.
Chandley-1976
Posts: 3,338
Off Topic
Opinion:No Opinion
Price:449.50
Mem
6 Mar '13
Scrap that... Haliburton aint paid a penny yet. They are totally innocent. So, if I get a cement company in to build my kitchen extension, and tell them to make the cement too loose, and they do as told, and my house falls down, is that my fault for giving bad advice, or their fault as the expert, for doing something was was destined to fail, taking advice from somebody who pays them to know better. Hmmmmm, I fail to see how its a one sided blame.
Chandley-1976
Posts: 3,338
Off Topic
Opinion:No Opinion
Price:449.50
Mem
6 Mar '13
All good in the hood mate. Hopefully things are well at your end too.

Its just common sense to me though. Blame BP 100%?! So all those people who were being paid good money to do a job are allowed to just kick the can down the road to BP, and yet say that they were willing to destroy their own rig and well cementing because BP told them to do so?! Garbage, utter garbage.

BP should pay up, and have/will do some more
Transocean should pay up, and have/will some more
Haliburton should pay up, and have/will some more
Mitsui have paid up
Anadarko have paid up

The size of fines should be relative to the size of the company, which means that clearly, BP pays the lions share. The Judge, surely isnt daft enough to think that BP made every single key decision in the accident.
memem
Posts: 2,820
Off Topic
Opinion:No Opinion
Price:449.50
Chandly-1976 :-)
6 Mar '13
post recommended, common sense prevails, (hopefully)..send a copy to the state prosecutors.thats ONLY after you have you have been put on the payrole, for a job as defence lawyer representing BP, of course, :-)..PS, hope all you guy`s are keeping well, BW.......m
Chandley-1976
Posts: 3,338
Off Topic
Opinion:No Opinion
Price:450.25
Whotme
6 Mar '13
Hopefully when BP are giving their own evidence for a few weeks, and all the spin is in the other direction, you'll disappear and conveniently forget that theres 2 sides to every story.

I've not seen anything so far in the prosecutions case which is new, revolutionary, that we didn't know already. BP were the chief operator. Everybody else is blaming them as they had the 'final say'. Well, did BP make those final says, or did they just let the operators do their job, what they were paid to do, and drill the well. Sure, BP wanted them to do it as cheaply as possible, but what business doesnt want that? The way I see it is that if I take my car into the garage, and tell them to fix brakes which dont work, but do it really cheaply, to the point that they may not work, will they go ahead and fit them being all too aware of the outcome? No, they would flat refuse to do something which they knew would likely fail. So BP told Haliburton and Transocean to build a well which would fail, and they just went ahead and did it regardless, knowing that it would destroy their rig, cause a massive spill, and kill 11 people?! Behave! Transocean and Haliburton must have been confident that everything was being done above board, to correct standards, in order for them to proceed!
Chandley-1976
Posts: 3,338
Off Topic
Opinion:No Opinion
Price:449.55
Whotme
6 Mar '13
450 SP.

Can I lend you a tenner?
whotme
Posts: 305
Observation
Opinion:Strong Sell
Price:447.00
err what ?????
5 Mar '13
BP rig leaders said strange pressure readings explained away by TO crew as "bladder effect." But sr. crewman never heard of it.

But Then ...

The senior toolpusher aboard the Deepwater Horizon described on Tuesday the harrowing final hours on the drilling rig in 2010, saying he knew there was concern about a negative pressure test and that he offered to stay on duty beyond his shift to help.

Ezell called his wife, talked to her for a few minutes, and was "just about to fade away for the night when the phone rang" at about 9:50 p.m.

It was Stephen Curtis, the assistant driller.

"He said, 'Randy, we have a problem, we have mud flowing into the crown. And I was horrified," Ezell told plaintiffs' attorney lawyer Paul Sterbcow





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