Thursday, September 16, 2010

Mexican States Sue BP (NYSE:BP) Over Oil Spill

The Mexican states of Veracruz, Quintana Roo and Tamaulipas have filed a lawsuit against BP (NYSE:BP) over the Gulf of Mexico oil spill, alleging losses from the disaster.

All the states have coasts on the Gulf of Mexico.

According to attorney Enrique Serna, "The three states have accrued a good amount of damages as a result of the spill." There are expectations the damages will continue to grow, added Serna.

Other companies connected to the oil spill who were also sued by the three Mexican states are Halliburton (NYSE:HAL), Transocean (NYSE:RIG) and Cameron International Corp. (NYSE:CAM).

Serna strangely said that the so-called and unproven underwater oil "plume" will eventually reach Mexico's fishing waters as cold fronts move into the area.

The fictitious plume is just that, and hasn't been found, and was only asserted to exist by some so-called scientist two months before they reported it.

Somehow it mysteriously disappeared and is nowhere to be found, even though it was alleged to be gigantic.

To base part of his case on that is pretty thin and weak, and hopefully will be thrown out by the judge.

No comments:

Post a Comment