BP oil spill trial delayed for settlement talks

"a massive trial to decide who should pay for the 2010 Gulf of Mexico oil spill" What a waste of time and money. I mean seriously, who ELSE is supposed to pay for BP's #$%$ -up? The people living there? Taxpayers footing it at the pump? OH, I know...how about the fish in the Gulf!

hmmmmm.... BP spills oil in the gulf...causing deaths of people, animals, marine life, plant life, and major damages to local businesses and homes... and we have to have a trial to see who will pay for the spill? I can save them a lot of money wasted going to trial with a single answer; BP. Just think how much could be saved in legal fees, court costs and tax payer dollars. It's a no-brainer!

I never ever use BP Gas and I am shocked at the people who do!

Hope they don't catch me. My Chevy pushes over a quart a month. God, my lawnmower has the same population as a mass transit bus. During the cold snap I turned the thermostat up to 65. Now between me and 250 million other Americans, we must owe a bundle. Course I never planned to buy a thimble of gas from BP. I'm a liberal polluter. Honest Judge, never drove a MPH above the limit in my life. Can I have my power boat back?

So that’s why the price of gas is so high BP needs more of our money to cleanup their boo boo. As Navin said “so it’s a profit deal that takes all the pressure off”

I'll bet Halliburton pay's not a nickle for their crap #$%$ plug that did nothing. Ever wonder where all the money went? No Space Shuttle/Public Parks/Schools/Infrastructure...all shutting down....Halliburton was the last agency to be paid Trillions before the global currencies took a crap. Is Dick Cheney going to buy a new umbrella stand, or AUSTRALIA?

The BP $20 Billion Gulf Claims Facility Has Paid Nearly Nothing
Posted: April 19, 2011 at 5:22 am

BP plc (NYSE: BP) was forced by the US government to set up a $20 billion claims facility to cover costs from the Deepwater Horizon disaster. The money was meant to make businesses and individuals whole who were affected by the catastrophe. A year after the accident, only $3.8 billion, or 19%, has been paid out. Not much more money may be handed out if evaluations of the spill’s impact are accurate.

The Gulf Coast Claims Facility run by Kenneth Feinberg, who also solved all of Wall St.’s pay problems after the credit disaster, is in charge of disbursing the money. His latest report shows that 201,261 claims have received final payment. Just over 857,000 claims have been made. Feinberg has been attacked for the meagreness of the payments and the slow pace at which they have been made.

A group of scientists who have examined the impact of the spill say that the “health” of the Gulf is almost back to pre-spill levels. “More than three dozen scientists grade the Gulf’s big picture health a 68 on average. It was 71 before the spill and 65 back in October, the AP reports. The same scientists say that there are some dead portions of the sea floor in the spill zone and that some fish have died. But, the report is damning to those who say that the effects of the spill are extremely serious and long-lived.

The criticism of Feinberg will grow. It is unimaginable that so little of a $20 billion reserve could be used. Surely the US government must have applied some test to ask for the sum and surely BP must have looked at the problems created by the spill to accept the number. But, it does not look that way.

Assessments of the disaster have been flawed since just weeks after the explosion. It took months to determine the size of the leak. Some experts said there were huge dead patches of the Gulf in which nothing could grow or live. Other scientists presented maps that showed oil moving out of the Gulf and up the Atlantic coast as far as Virginia where it was expected to be swept toward the UK by strong currents.

Feinberg has read the scientific reports and may have concluded that the Deepwater Horizon explosion was a disaster of unprecedented magnitude. That does no mean its cost were anywhere close to what has been forecast and the BP facility will never be close to exhausted.

Douglas A. McIntyr

Wed Jun 16, 2010
(Reuters) - Under intense pressure from President Barack Obama, BP Plc agreed to set up a $20 billion fund for damage claims from its huge Gulf of Mexico oil spill and suspended dividend payments to its shareholders.
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April 19, 2011: 8:39 AM ET
NEW YORK (CNNMoney) -- The fund established to compensate Gulf Coast residents in the aftermath of last year's massive BP oil spill said Monday it has paid out $3.8 billion so far.

The Gulf Coast Claims Facility, established last August with $20 billion in seed money from BP (BP), said it has approved 300,000 claims from businesses and individuals hurt by the spill, out of approximately 857,000 claims submitted.
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1. What happened to this $20 Billion?
2. Where is the Obama accounting of how it was/is being spent?

$20 Billion went to whom, for what and where is the rest?

Obama is a thief.

who owned and operated the rig needs to be fully accountable, they could and should have used nothing but the best tools and equipment and held to highest safety standards, and had contingency plans in place and ready to use.