Deepwater Oil Spill: Devastating For The Planet, But Not For BP
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.Click here for reuse options!
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