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In: Social Issues

Submitted By Jmunford
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The main purpose of this article is to show that Anadarko Petroleum, the part-owner of the oil well in the Gulf of Mexico, has agreed to pay BP Four Billion Dollars in order to mend all claims from last year’s oil spill. This means that Anadarko is dropping its allegations of gross negligence against BP and giving up twenty five percent interest in the sit (Stothard 2011). The article also shows a few other companies tha tare settling disputes over the oil spill that occurred last April, but its main focus is on the dealings with BP. The most important information in this article is that this is dealing with the lawsuits pertaining to the Macondo well in the Gulf of Mexico. All of the leaseholders have settled their shared disputes. BP has set up a twenty billion dollar trust account, which will be used to pay off companies that claim the oil spill has affected their natural resources and business, as well as government claims. So far, BP has paid out seven billion dollars to legitimate claims and Gulf Coast communities. The main conclusion that the author uses is the fact that BP is showing positive progress at the spill site. He uses quotes form workers to support his information. The main quote that tied everything together, “This settlement represents a positive resolution of a significant uncertainty and it resolves the issues among all the leaseholder of the Macondo Well,” said by Bob Dudley, BP Chief executive (Stothard 2011). So in other words, leaseholders are getting their settlements and everything is on a route back to normal. The key concept to understand is that the companies involved with the oil spill are finally settling their disputes. The author shows this by issuing number in order to show what amount these lawsuit are being settle for. He also included many very good quotations to paint the picture of the settlements. The author is…...

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