Seeking Alpha
Seeking Alpha Portfolio App for iPad
Finance
(1)
Market Currents

The first indictment in connection with BP's Deepwater Horizon spill sets the stage for a fight...

  • Tuesday, April 24, 2012, 4:43 PM ET
    The first indictment in connection with BP's Deepwater Horizon spill sets the stage for a fight over just how much oil was spilled. For every barrel BP spilled, a court can levy fines up to $1,100/barrel if the spill was accidental, or up to $4,300 if gross negligence. If the government can prove BP was hiding flow rates, it may sway the court to settle on a higher number for the volume of oil spilled.
Track new comments on this story

This news story has 4 comments:

  •  
    I wonder how long for the first MF Global indictment?

    Where is Jon Corzine?
    24 Apr 2012, 04:52 PM Reply Like
  •  
    Hide the flow rate? How can you hide the flow rate when there was no meter on the well?
    24 Apr 2012, 05:34 PM Reply Like
  •  
    they can estimate and come to agreed upon number for flow rate the multiply it by time that it was flowing. But we will never know for sure.
    24 Apr 2012, 06:04 PM Reply Like
  •  
    Just settle this. How can you properly measure the flow rate anyways.
    24 Apr 2012, 07:56 PM Reply Like
LATEST|
TODAY SO FAR|
YESTERDAY
Other date
DJIA (DIA) S&P 500 (SPY)
Latest Energy & Materials Articles
More Latest Articles »