Drill baby drill?

[d0sitmatr]

Originally Posted by tim3058

An evil company? I doubt it. Conspiracies about suppressing EV tech have abounded for years with (to my knowledge) little proof...
An $8.6 billion fine? Seems ludicrously high. Make em clean up the mess if its theirs, and damages to the locals. I'm sure the company would be willing to do that much - what company would want any more bad PR? Of course they'll fight a near-$9B fine.. who wouldn't.

have you so soon forgotten BP ?
according to the latest independent study's done, there is billions of gallons of sludge sitting on the gulf bottom. this is, of course, AFTER both BP and our Govt claimed it was mostly gone....

and 8-9 Billion in fines... are you fn kidding me !?
wtf are you smokin ?
they will make that up in less than a week.

it is HIGH time these oil companies are held responsible for their ecological messes, and Im not even going to touch into other areas of responsibility...

[tim3058]

I don't see where BP relates to Chevron though. I would imagine Chevron readily admits theres oil near this village in Ecuador - the article mentioned (Chevrons?) crews trying to suck it up.

Chevron's '09 total annual profit was $10.5B... not likely to make up $9B in a week. We fight a measly $150 ticket, it'd be kinda like us fighting a ticket equal to our net yearly income after expenses. Make em clean it up, and pay fair damages.

[Cd]

Texaco in Ecuador: Background

Found this link from Texaco / Chevron over this. ( Published by Chevron )

[tim3058]

Excellent work Cd, thanks for the link.

There's two sides to the story...

[d0sitmatr]

Originally Posted by tim3058

I don't see where BP relates to Chevron though. I would imagine Chevron readily admits theres oil near this village in Ecuador - the article mentioned (Chevrons?) crews trying to suck it up.

Chevron's '09 total annual profit was $10.5B... not likely to make up $9B in a week. We fight a measly $150 ticket, it'd be kinda like us fighting a ticket equal to our net yearly income after expenses. Make em clean it up, and pay fair damages.

it relates because the area of contamination is larger over all, and BP was asked to put a measly 20m aside, which is a pittance in comparison to the decades of damage we're about to experience, along with the severe loss of an ecosystem already strained from the fishing/crabbing industry in the region, and the industrial runoff off the mississippi.
which is what your seeing in the Chevron article. think of it like this, that same devastation will now be off the shores of our gulf coastal waters for at least a decade, probably much longer, and is too deep to be able to really do much about.

I think that $9b is letting them off easy.
also, about the $10.5b...
you dont honestly believe that was their true profit margin do you ?
from an industry that has seen record levels of profit that has been steadily growing semi-annually for a decade now ?

[Odin]

Originally Posted by tim3058

There's two sides to the story...

two sides- the truth- and the truth written by texaco

Originally Posted by tim3058

An evil company? I doubt it. Conspiracies about suppressing EV tech have abounded for years with (to my knowledge) little proof...
.

btw not conspiracy read their electric car section,

Chevron Corporation - Wikipedia, the free encyclopedia

"Chevron is currently squelching all access to large NiMH batteries through its control of patent licenses in order to remove a competitor to gasoline.[13] This culminated in a lawsuit against Panasonic and Toyota over production of the EV-95 battery used in the RAV4 EV. However the Lithium-ion battery appears to be making up for this despite Chevron's best efforts, albeit, at a higher price."

Evil yes, when you are willing to do anything to protect profits no matter the cost.

[gone-ot]

...people, there's a profitable *reason* for the two "S's" in legal ASSETs.

[tim3058]

Originally Posted by Odin

...two sides- the truth- and the truth written by texaco ...

So texaco can only be lying, just because there trying to make money? and whoever's on the other side of the courtroom isnt trying to rake in billions of dollars as well? Chevron's statement may have the same merit as the villagers statement (consider the remote villagers know only what their gov't has told them about the spills - the gov't has just as much reason to lie as Chevron, and conveniently is running the court too).

Wiki may or may not always be reliable, and the one line relating to EVs doesnt quote facts, just an authors opinion. Buying out your competition is nothing new... or evil.

[tim3058]

Originally Posted by d0sitmatr

you dont honestly believe that was their true profit margin do you ?

I try to give their report the same (somewhat) open mind I do anything else I read. If a news-blog report from a place we've never been to on a subject we know little about is to be taken at face-value, then Chevron's published, signed, sworn reported income cannot just be discarded as dung because it doesn't fit our viewpoint.

Man this is like an oil-company lynching in here... y'all should be happy that you're saving on gas the more of us, the fewer messes like this one in Ecuador.

[NeilBlanchard]

The land and water are poisoned. Can't be cleaned up. People are harmed, and their land ruined. Ooops.

They deserve the fine.