Monday, June 21, 2010

BP Oil Spill Price Tag at 2Billion

So, BP recently stated that that have now spent 2 billion dollars in response to the oil spill in the Gulf of Mexico. Anyone want to guess how much said company makes in profit every year (excluding replacement cost profit)? 239 billion dollars. Seems a little to little too late to me. Especially since everything BP has attempted in order to stop the flow of oil has failed thus far. However, the company did announce that they will be keeping 20 billion dollars in escrow (that is...pending, sort of like when you sell your house but the deal hasn't gone through yet) to compensate victims of the spill.

I was talking to a girl the other day, a bit older than I and she said, in regards to the Deepwater Horizon oil rig sinking and rupturing, letting loose, get this, 60 000 barrels of oil a day... that is more than 2.5 million gallons a day! That means that since the rig went down on April 20th of this year, approximately 80 million (American) gallons of oil have leaked into the Atlantic. Now, some would argue (earth haters) that this is a minuscule ammount compared to the 650 quadrillion gallons of water in the Gulf of Mexico. But what they fail to grasp is that the oil has not spread throughout the entirety of the gulf of Mexico but, as oil does in water (try it at home), it has pooled, causing an area of high oil density, damaging local flora and fauna and destrying underwater ecosystems. Don't believe me? Check this out.
Take that, earth haters.

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