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Accusing Transocean (RIG -2.8%) of "willful misconduct," the Justice Department asks the New...

Accusing Transocean (RIG -2.8%) of "willful misconduct," the Justice Department asks the New Orleans district court to deny the oil drilling contractor's request to protect itself against civil penalties stemming from last year's Gulf of Mexico spill. The move suggests the U.S. government will seek the maximum possible penalties against RIG and possibly against BP.
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Comments (10)
  • HackFab
    , contributor
    Comments (1246) | Send Message
    Political noise. If RIG dips below $40, I'll start a position.
    9 Dec 2011, 02:59 PM Reply Like
  • Cincinnatus
    , contributor
    Comments (4397) | Send Message
    "willful misconduct". Not a phrase you're going to see the Obama/Holder regime direct at Jon Corzine.
    9 Dec 2011, 03:11 PM Reply Like
  • HackFab
    , contributor
    Comments (1246) | Send Message
    Nor will they be satisfied with 'I never intended to'... From either BP, RIG, et al.
    9 Dec 2011, 03:17 PM Reply Like
  • danf
    , contributor
    Comments (745) | Send Message
    Tyrants from the government. Agenda driven attack on business and energy independence. The goal of the WH is to chill and suppress by extra-legal means all natural resource development in the US.


    If only we had regulators anywhere in the US whose goal was mitigation of risk and containment of accidents rather than punishment, repression, vindictiveness.


    The WH is is at least true to its word of wishing to put it's jackboot on the neck of the oil companies. The mobs will probably cheer.
    9 Dec 2011, 06:56 PM Reply Like
  • Christopher Mahoney
    , contributor
    Comments (1182) | Send Message
    Can you name any employer whom DoJ hasn't attacked?
    9 Dec 2011, 07:59 PM Reply Like
  • Teutonic Knight
    , contributor
    Comments (2915) | Send Message
    Yes, mahoneyct, the largest employer the Federal Government itself.
    10 Dec 2011, 11:02 AM Reply Like
  • Fabeetz
    , contributor
    Comments (5) | Send Message
    I think that capitalism should include the dangers of anti-business government in its risk/reward analysis. The problem is that whatever gets collected will go to friends of Obama and not the poor people on the coast that were so devastated. The little folk whom are never able to buy the government.
    10 Dec 2011, 11:27 AM Reply Like
  • BlueCollarBlueDog
    , contributor
    Comments (107) | Send Message
    As a Louisianian, I wanted BP to "make healthy" wildlife, marshes, and Gulf Coast residents and businesses. If this is a federal fine, it's not about clean-up, but punishment, which deeply hurts our economy.


    What to check on:
    If Eric Holder is handling the problem.
    But, if the US Atty. for The Eastern District of La. is...big problem.
    US Atty. Jim Letten is the man who should be the US AG.
    10 Dec 2011, 12:14 PM Reply Like
  • deercreekvols
    , contributor
    Comments (6773) | Send Message
    Perhaps, when the DOJ is done with RIG they could focus their attention on MF Global and Jon Corzine.
    The investor who have lost everything because of Mr. Corzine's actions deserve more than a question/non-answer session with the Agriculture sub-committee.
    A local contractor is being held on $250K bail for failing to complete work, yet Jon Corzine lost tens of billions and is a free man.
    Where is the justice?
    10 Dec 2011, 07:15 PM Reply Like
  • abram
    , contributor
    Comments (12) | Send Message
    All we can do is try to vote the b_____ds out. What this country needs is a good energy policy and get the socialists out of the government.
    12 Dec 2011, 01:57 PM Reply Like
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