News flash - Oil company bailout

Discussion in 'Current Events' started by dudeman, Jul 7, 2012.

  1. dudeman

    dudeman New Member

    Joined:
    Apr 16, 2006
    Messages:
    3,249
    Likes Received:
    44
    Trophy Points:
    0
    Believe it or not, an oil company (Sunoco) is getting bailed out. The bullying EPA is actually going to relax emissions limits for this particular refinery (i.e. economic discrimination) for 850 union votes.

    "Carlyle will receive $25 million in state aid to match its $200 million investment in refinery upgrades. Federal and state officials agreed to modify a consent order to relax emissions limits for several years to allow the refinery to install new equipment."

    http://articles.philly.com/2012-07-...iladelphia-refinery-refinery-workers-sunoco/2
     
  2. dudeman

    dudeman New Member

    Joined:
    Apr 16, 2006
    Messages:
    3,249
    Likes Received:
    44
    Trophy Points:
    0
    Seriously? I realize that I am probably a polarizing figure, however, let me give you some perspective. Sunoco was the worst of the worst (lower than BP) with regard to the skill level of engineers and scientists. I'm not familiar with their safety record but I would be surprised if it was better than average in the industry. Sunoco failed to invest when the EPA sent mandates for lower sulfur in fuel. This is the equivalence to bums who don't pay their mortgages and take out loans for properties that are 100 times their annual income. In order to save union jobs, you are eye witnessing an actual bail out after GM, Chrysler and all of the banks. I acknowledge that this will save some jobs and will keep gasoline prices lower on a relative basis in the northeast, however, even Ralph Nader has to be suspicious about this. Was Carlyle influenced? What are the actual financial stipulations behind the scenes? Why doesn't Exxon, Chevron, BP and every other oil company get EPA waivers? Did you see the comment about the White House on page one about saving jobs (i.e. to keep employment figures from rising)? This is the Chicago criminal enterprise at its finest. Find a surrogate investor and bully them behind to scenes to do your biddings and not get blamed for cronyism.
     
  3. fiddlerdave

    fiddlerdave Well-Known Member Past Donor

    Joined:
    Sep 9, 2010
    Messages:
    19,083
    Likes Received:
    2,706
    Trophy Points:
    113
    :lol:

    So a two year delay on enforcing emission controls for this particular refinery to allow it to be sold and upgraded as a condition of the delay is a "baillout".

    That means the Bush administration's decade-long delay of ALL emissions standards was what? The biggest socialist act in modern history?
     
    dudeman and (deleted member) like this.

Share This Page