ThinkProgress has calculated that British Petroleum (BP) could pay for the entire cost of the Deepwater oil spill cleanup thus far with approximately 4 days of profits. The Washington Post reported BP spending about $17.5 million a day on the effort, which comes to about $350 million so far.
In the first quarter of 2009, BP earned $93 million per day, and the well continues to leak oil at a rate of about 5,000 barrels per day.
Even during a massive catastrophe, BP can continue to turn a nice profit. Go capitalism.
