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Old 06-02-2010, 09:11 AM   #21
MortonMilo
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Default Re: A Real World Solution To the Gulf Oil Spills

Quote:
Originally Posted by catfish2 View Post
I don't see BP saying "were sorry" by lowering the price of gas. Personal responsibility is not just for people. It's for companies also.
I agree they should be held responsible, as the oil pollution act of 1990 would dictate.

As a side note to the above, the oil companies don't "set" the gas/oil/diesel prices. They are typically based on the futures prices that are traded on exchanges. The "market" allows for the price equilibrium. The participants include banks, individual traders, pension funds, hedge funds, etc in addition to the oil players.
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