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Supreme Court Rules $2.5 Billion Exxon-Valdez Damages Excessive

National News • June 25, 2008
The Supreme Court Wednesday overturned the record $2.5 billion in punitive damages that Exxon Mobil Corp had been ordered to pay for the 1989 Exxon Valdez oil spill off Alaska. The nation's ...

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Subject: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: More to come wit

Posted On: June 27, 2008, 1:42 pm CDT
Posted By: Dawn
Comment:
Your point is well made. I won't deny I'm feeling a 'wee bit angry' at the oil industry these days. ;-)

On the other hand, there is the point that people with more money then us will take it away from us because they can.

But my feeling that the punishment has to be painful enough to promote change isn't just for big business.

The only way to achieve change anywhere is to create a situation where it is easier or more profitable to abide by laws, correct safety issues, then it is to continue a current practice.

Take NY, for example. It was easier/cheaper to pay off the inspectors then it was to actually correct any issues with the cranes. As a result, people are dead. NOW, after lawsuits and criminal charges, companies will actually inspect and fix cranes.

Even in day to day life. Speeding tickets are an annoyance, but not enough of a deterrent to stop more and more people from joining the "100MPH club". Raise the penalty by even $1500 and at least a few people will actually think twice before pushing that speedometer needle over that mark.

The law requiring auto insurance is one of the best examples around. The fine (at least in Fla) is less then the cost of the premium. So, what do you think most people do? Make the fine $5000 or forfeiture of the car and the numbers of uninsured motorists will go down. Oklahoma already takes the car and if the motorist didn't have coverage at the time of the stop, the car belongs to the state. Good law. In the first few months the numbers of uninsured motorists dropped.

A possible fine of, say, $50,000 would stop us in our tracks on anything we might consider doing. A fine of $50,000 to someone that makes $10M a year would not stop them.

So there are definitely times when basing a penalty on the size of the wallet is in order.

I think it applies to anyone- NOT just big business. I really do believe, however, big business is guilty of putting profit above health/safety/welfare/environment because of the gains vs the possible cost if they are caught or if an accident occurs. They just talk in billions instead of hundreds. Same principle.
Subject Posted By Posted On
RE: RE: The Re-Education of Buckeye Buckeye
Jun 30, 2008, 9:50 am
RE: RE: RE: RE: Profit Chris
Jun 27, 2008, 4:17 pm
RE: RE: The Re-Education of Buckeye Brokette
Jun 27, 2008, 4:10 pm
RE: The Re-Education of Buckeye Moby
Jun 27, 2008, 3:56 pm
The Re-Education of Buckeye Killer
Jun 27, 2008, 3:47 pm
RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: More to come Buckeye
Jun 27, 2008, 3:40 pm
RE: RE: RE: Profit Buckeye
Jun 27, 2008, 3:38 pm
RE: RE: Profit Chris
Jun 27, 2008, 2:17 pm
RE: Profit Dawn
Jun 27, 2008, 2:12 pm
RE: Profit Hick
Jun 27, 2008, 2:10 pm
Profit Hmmm
Jun 27, 2008, 2:07 pm
RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: More to come wit Dawn
Jun 27, 2008, 1:42 pm
More to come Mike
Jun 27, 2008, 1:39 pm
RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: More to come with al Buckeye
Jun 27, 2008, 1:12 pm
RE: RE: RE: RE: RE: RE: RE: RE: RE: More to come with all of Brokette
Jun 27, 2008, 12:27 pm
RE: More to come with all of that.- I don;'t know, Art Dawn
Jun 27, 2008, 12:12 pm
RE: RE: RE: RE: RE: RE: RE: RE: More to come with all of tha Dawn
Jun 27, 2008, 12:10 pm
More to come with all of that. Art
Jun 27, 2008, 12:02 pm
RE: RE: RE: RE: RE: RE: RE: More to come with all of that. Brokette
Jun 27, 2008, 11:52 am
RE: RE: RE: RE: RE: RE: More to come with all of that. Dawn
Jun 27, 2008, 8:58 am
RE: RE: RE: RE: RE: More to come with all of that. Brokette
Jun 27, 2008, 8:29 am
RE: RE: RE: RE: More to come with all of that. Dawn
Jun 27, 2008, 8:03 am
RE: RE: RE: More to come with all of that. Chris
Jun 26, 2008, 4:32 pm
RE: RE: More to come with all of that. Doug
Jun 26, 2008, 3:53 pm
RE: More to come with all of that. Chris
Jun 26, 2008, 3:50 pm
Consumer-First Energy Act of 2008 Dicky
Jun 26, 2008, 2:46 pm
RE: RE: RE: RE: Just a drop in the bucket Chris
Jun 26, 2008, 1:22 pm
More to come with all of that. Dawn
Jun 26, 2008, 1:20 pm
RE: RE: RE: RE: Blow off, BDS! Dustin
Jun 26, 2008, 11:28 am
RE: RE: RE: Blow off, BDS! Not a Lawyer
Jun 26, 2008, 11:02 am
RE: RE: RE: Just a drop in the bucket Stat Guy
Jun 26, 2008, 7:40 am
RE: RE: Blow off, BDS! Stat Guy
Jun 26, 2008, 7:36 am
RE: RE: RE: RE: RE: Vote for more of the same! Walt
Jun 26, 2008, 7:32 am
RE: RE: RE: RE: Vote for more of the same! Walt
Jun 26, 2008, 7:26 am
RE: RE: RE: Vote for more of the same! Buckeye
Jun 25, 2008, 6:26 pm
RE: BDS - Got no real points?? BDS
Jun 25, 2008, 4:29 pm
Mission Accomplished! no oil man
Jun 25, 2008, 4:02 pm
BDS - Got no real points?? SDB
Jun 25, 2008, 3:57 pm
Free Lunch bob
Jun 25, 2008, 3:55 pm
RE: Vote for more of the same! Just joining
Jun 25, 2008, 3:50 pm
RE: RE: RE: Vote for more of the same! BDS
Jun 25, 2008, 3:47 pm
RE: RE: Vote for more of the same! Dick
Jun 25, 2008, 3:44 pm
RE: Vote for more of the same! Buckeye
Jun 25, 2008, 3:41 pm
RE: Vote for more of the same! Waiting
Jun 25, 2008, 3:40 pm
Vote for more of the same! Dick
Jun 25, 2008, 3:33 pm
REAL SOLUTION Mongoose
Jun 25, 2008, 3:26 pm
RE: RE: RE: Vote for more of the same! Larry
Jun 25, 2008, 3:17 pm
RE: RE: RE: Vote for more of the same! Brokette
Jun 25, 2008, 3:15 pm
RE: RE: Vote for more of the same! Waiting
Jun 25, 2008, 3:13 pm
RE: Vote for more of the same! Brokette
Jun 25, 2008, 3:12 pm
RE: RE: Vote for more of the same! Larry
Jun 25, 2008, 3:10 pm
RE: Vote for more of the same! Waiting
Jun 25, 2008, 3:09 pm
RE: RE: RE: RE: I often wonder BDS
Jun 25, 2008, 3:06 pm
RE: Vote for more of the same! Buckeye
Jun 25, 2008, 3:05 pm
RE: RE: RE: Just a drop in the bucket DB
Jun 25, 2008, 3:03 pm
RE: RE: RE: I often wonder Dick
Jun 25, 2008, 3:02 pm
RE: RE: I often wonder BDS
Jun 25, 2008, 3:00 pm
RE: RE: Just a drop in the bucket Chris
Jun 25, 2008, 2:57 pm
Vote for more of the same! Dick
Jun 25, 2008, 2:47 pm
RE: RE: RE: RE: Vote for more of the same! Waiting
Jun 25, 2008, 2:45 pm
RE: I often wonder Dick
Jun 25, 2008, 2:43 pm
I often wonder BDS
Jun 25, 2008, 2:38 pm
McKain, Bushes third Term Naive
Jun 25, 2008, 2:34 pm
RE: RE: RE: Vote for more of the same! Dick
Jun 25, 2008, 2:29 pm
RE: RE: RE: Vote for more of the same! Larry
Jun 25, 2008, 2:18 pm
RE: RE: RE: Vote for more of the same! Waiting
Jun 25, 2008, 2:17 pm
RE: RE: Vote for more of the same! Dick
Jun 25, 2008, 2:15 pm
RE: Vote for more of the same! Neutral citizen
Jun 25, 2008, 1:57 pm
RE: Memo to Bob Brokette
Jun 25, 2008, 1:51 pm
RE: Blow off, BDS! BDS
Jun 25, 2008, 1:49 pm
Memo to Bob no oil man
Jun 25, 2008, 1:43 pm
To: Free Thinker bob
Jun 25, 2008, 1:34 pm
To: No Oil Man Bob
Jun 25, 2008, 1:31 pm
You don't think Big Oil has been gettig a free lunch? gas buyer
Jun 25, 2008, 1:29 pm
RE: free thinker (not a chance) Member of Silent Majority
Jun 25, 2008, 1:25 pm
RE: Blow off, BDS!--one more thought free thinker
Jun 25, 2008, 1:23 pm
Blow off, BDS! free thinker
Jun 25, 2008, 1:15 pm
RE: RE: Vote for more of the same! Larry
Jun 25, 2008, 1:10 pm
RE: Vote for more of the same! BDS
Jun 25, 2008, 1:06 pm
RE: RE: Just a drop in the bucket Dread
Jun 25, 2008, 1:02 pm
Vote for more of the same! no oil man
Jun 25, 2008, 12:57 pm
RE: Just a drop in the bucket DB
Jun 25, 2008, 12:54 pm
Bad figgerin Mr. Obvious
Jun 25, 2008, 12:53 pm
Hmmmm... Larry
Jun 25, 2008, 12:48 pm
Just a drop in the bucket Claimsguy
Jun 25, 2008, 10:52 am
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