topic Re: W VA Water Mess... in Community Chat

W VA Water Mess...

terrier3 — Sun, 19 Jan 2014 22:50:28 GMT

is getting messier. The company behind the spill, Freedom Industries, has filed for bankruptcy...putting on hold any lawsuits relating to the spill.

The company that is their "debtor in possession" is brand new, but is owned by the same man who owns Freedom Industries.

Basically one shell company is going bankrupt and placing its assets into another shell company, to escape civil liability for poisoning the water of 300,000 people.

Another mess...like the GMO issues...being swept under the rug!

Re: W VA Water Mess...

Yuban3 — Sun, 19 Jan 2014 22:53:22 GMT

Is anyone really surprised that they would declare bankruptcy in order to avoid paying out million$ to all the people that they affected?

I'm not.

In fact, it was kinda predictable.

Re: W VA Water Mess...

bathina — Sun, 19 Jan 2014 22:55:00 GMT

Are you surprised? I'm not. There are plenty who will still scream that there's too much environmental regulation. Frack here, drill there, lay the pipes right over the largest aquifer in North America.....and let the chips fall where they may. I hope cooler heads will prevail in the long run.

Re: W VA Water Mess...

bathina — Sun, 19 Jan 2014 22:55:46 GMT

hahaha Yuban. We posted the same thing! Quite a switch from the other thread.

Re: W VA Water Mess...

RoughDraft — Sun, 19 Jan 2014 22:56:10 GMT

I absolutely expected it.

Re: W VA Water Mess...

terrier3 — Sun, 19 Jan 2014 22:58:10 GMT

On 1/19/2014 Yuban3 said:
Is anyone really surprised that they would declare bankruptcy in order to avoid paying out million$ to all the people that they affected?

I'm not.

In fact, it was kinda predictable.

I hope they are held accountable.

Moving assets around like this is bankruptcy fraud.

Now let's see if they are held accountable or if they have bought off the entire state.

Re: W VA Water Mess...

Yuban3 — Sun, 19 Jan 2014 22:59:37 GMT

On 1/19/2014 terrier3 said:
On 1/19/2014 Yuban3 said:
Is anyone really surprised that they would declare bankruptcy in order to avoid paying out million$ to all the people that they affected?

I'm not.

In fact, it was kinda predictable.

I hope they are held accountable.

Moving assets around like this is bankruptcy fraud.

Now let's see if they are held accountable or if they have bought off the entire state.

To be perfectly honest, I'll be surprised if they have to pay a single cent.

Re: W VA Water Mess...

terrier3 — Sun, 19 Jan 2014 23:04:08 GMT

On 1/19/2014 Yuban3 said:
On 1/19/2014 terrier3 said:
On 1/19/2014 Yuban3 said:
Is anyone really surprised that they would declare bankruptcy in order to avoid paying out million$ to all the people that they affected?

I'm not.

In fact, it was kinda predictable.

I hope they are held accountable.

Moving assets around like this is bankruptcy fraud.

Now let's see if they are held accountable or if they have bought off the entire state.

To be perfectly honest, I'll be surprised if they have to pay a single cent.

Yuban - and how do you feel about that?

Re: W VA Water Mess...

Yuban3 — Sun, 19 Jan 2014 23:08:11 GMT

On 1/19/2014 terrier3 said:
On 1/19/2014 Yuban3 said:
On 1/19/2014 terrier3 said:
On 1/19/2014 Yuban3 said:
Is anyone really surprised that they would declare bankruptcy in order to avoid paying out million$ to all the people that they affected?

I'm not.

In fact, it was kinda predictable.

I hope they are held accountable.

Moving assets around like this is bankruptcy fraud.

Now let's see if they are held accountable or if they have bought off the entire state.

To be perfectly honest, I'll be surprised if they have to pay a single cent.

Yuban - and how do you feel about that?

As I said in the first response, I'm not surprised that they declared bankruptcy in order to avoid paying out the millions of dollars to all the people who were affected by the spill. It's a page right out of the book titled, "How to Avoid Paying When It's Your Fault".

It's what companies do now.

It'll drag on for years and years and years, before the case is closed, and when that case is closed, I highly doubt that they will be forced to pay a single cent to anyone.

Re: W VA Water Mess...

biancardi — Sun, 19 Jan 2014 23:15:11 GMT

we need to have better regulations and laws in place for companies that could cause damage to the environment in this manner.

They should have had a fund put aside into a federal lock box for this. Insurance, so to speak. And the more their business grows, the more money goes into it. It never comes out of that fund until something like this happens.

Americans are getting the sticky end of the lollipop all the time when it comes to these ecological disasters.

Re: W VA Water Mess...

NoelSeven — Sun, 19 Jan 2014 23:21:19 GMT

Do they know yet if this one was from fracking?

There are now four states that have reported fracking contamination.

Re: W VA Water Mess...

onewhiteSparrow — Sun, 19 Jan 2014 23:23:12 GMT

155 years ago, an unemployed sick man drilled the first modern oil well.

A hard-up wildcatter named Edwin Drake drilled the country's first oil well. Up until 1859, oil had been gathered by collecting whatever had seeped through to the surface --- known drilling methods were deed too dangerous.

I would say it is a record of working at drilling for 155 years with few and far problems that are major.

Not like other companies having problems almost every day or every year.

Re: W VA Water Mess...

onewhiteSparrow — Sun, 19 Jan 2014 23:25:16 GMT

On 1/19/2014 NoelSeven said:
Do they know yet if this one was from fracking?

There are now four states that have reported fracking contamination.

Fracking has been going on over 50 years. Only a few years ago some of you learned about that word. And from that day forward that word of Fracking is what you keep tossing out to try to down all oil companies in America.

Fine buy from other Countries.

Re: W VA Water Mess...

Chalcedony — Sun, 19 Jan 2014 23:26:47 GMT

Not fracking. A storage tank in the area leaked. I would be surprised if a bankruptcy judge would allow protection if it's obvious they are only trying to avoid liability payouts. In any case, the company will be liable for the regulatory (criminal) violations associated with contamination of surface waters. That liability will not be changed by bankruptcy protection.

Re: W VA Water Mess...

onewhiteSparrow — Sun, 19 Jan 2014 23:27:30 GMT

Maybe I will go eat more chicken wings and let you guys try to destroy more American companies. It is those companies that are paying MOST [so it seems] of America's Taxes to help everyone that needs help.

Who will pay for all the goodies most of you are getting now when the oil companies stop drilling in America?

Re: W VA Water Mess...

NoelSeven — Sun, 19 Jan 2014 23:31:08 GMT

On 1/19/2014 onewhiteSparrow said:
Maybe I will go eat more chicken wings and let you guys try to destroy more American companies. It is those companies that are paying MOST [so it seems] of America's Taxes to help everyone that needs help.

Who will pay for all the goodies most of you are getting now when the oil companies stop drilling in America?

""so it seems"" isn't good enough. You might want to do some research.

Re: W VA Water Mess...

NoelSeven — Sun, 19 Jan 2014 23:32:08 GMT

On 1/19/2014 Chalcedony said: Not fracking. A storage tank in the area leaked. I would be surprised if a bankruptcy judge would allow protection if it's obvious they are only trying to avoid liability payouts. In any case, the company will be liable for the regulatory (criminal) violations associated with contamination of surface waters. That liability will not be changed by bankruptcy protection.

Thanks, Chalcedony!

Re: W VA Water Mess...

terrier3 — Sun, 19 Jan 2014 23:33:01 GMT

On 1/19/2014 onewhiteSparrow said:
On 1/19/2014 NoelSeven said:
Do they know yet if this one was from fracking?

There are now four states that have reported fracking contamination.

Fracking has been going on over 50 years. Only a few years ago some of you learned about that word. And from that day forward that word of Fracking is what you keep tossing out to try to down all oil companies in America.

Fine buy from other Countries.

The W. VA energy companies are centered around coal production, not oil.

Re: W VA Water Mess...

onewhiteSparrow — Sun, 19 Jan 2014 23:34:03 GMT

On 1/19/2014 NoelSeven said:
On 1/19/2014 onewhiteSparrow said:
Maybe I will go eat more chicken wings and let you guys try to destroy more American companies. It is those companies that are paying MOST [so it seems] of America's Taxes to help everyone that needs help.

Who will pay for all the goodies most of you are getting now when the oil companies stop drilling in America?

""so it seems"" isn't good enough. You might want to do some research.

The amount paid [so it seems] means it seems like that. So it seems. Because the amount paid by all the workers and owners is Out of This World HIGH.

Re: W VA Water Mess...

NoelSeven — Sun, 19 Jan 2014 23:34:14 GMT

Four States Confirm Water Pollution From Drilling

In at least four states that have nurtured the nation's energy boom, hundreds of complaints have been made about well-water contamination from oil or gas drilling, and pollution was confirmed in a number of them, according to a review that casts doubt on industry suggestions that such problems rarely happen.

http://www.usatoday.com/story/money/business/2014/01/05/some-states-confirm-water-pollution-from-drilling/4328859/