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Reply #11: It's called math [View All]

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Chulanowa Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-24-10 04:31 PM
Response to Reply #7
11. It's called math
Edited on Mon May-24-10 04:37 PM by Chulanowa
BP is spending $33m a day on cleanup: http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/7721076/BP-oil-spill-clean-up-costs-spiral-to-33m-a-day.html
An estimated 20,000 to 100,000 barrels is leaking per day: http://www.npr.org/templates/story/story.php?storyId=126809525
A barrel of oil is going for $70: http://www.oil-price.net/

Ergo, even if we highball the spilling, BP is spending $330 dollars to clean up each barrel of oil that would net it $70 on the market. If we use BP's estimate, they're spending three THOUSAND dollars per barrel of oil.

Where are you getting your information that BP will do their best to do the right thing because it's in their economic interests to do so?
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