Friday, July 09, 2010
BP:Gulf Oil Spill Response Costs, Claims Total $3.12B To Date and this is barely beginning! Can anyone spell bankruptcy?
I am sick of hearing how much BP spent, they cracked the gulf floor, $100 billion would be a down payment
BP:Gulf Oil Spill Response Costs, Claims Total $3.12B To Date
Oil major BP PLC (BP.LN) said Monday the cost of the response to the Gulf of Mexico oil spill so far is $3.12 billion, as it ramps up oil-containment efforts following
BP said Monday its costs arising from the continuing oil spill in the Gulf of Mexico hit the $3 billion mark as the environmental disaster reached and passed the grim 70-day mark, now day 80 and as the oil major reportedly set plans to float $10 billion in debt. That's a joke! They cracked the sea bed floor, wait until we hit the 2 year mark and they realize they will have to nuke it and 100 billion is a pittance. Think about that!
undeniable video showing they cracked the sea bed floor if you haven't seen it Meanwhile, BP said more than 65,000 claims have been submitted and more than 32,000 payments have been made. As you know BP agreed last week to create a $20 billion fund to pay for costs associated with the spill, but the company repeated Monday that it is too early to quantify other potential costs and liabilities. The company is also in talks with banks on arranging another $20 billion in loans, on top of this week's $10 billion debt offer. A final $20 billion is expected to come from asset sales over the next two years, according to reports.
I am sick This is so bad and they are still trying to hide the truth until as became practice under Bush, it becomes reality and they have to confront it. Like it or not even they are not big enough to handle this financially and they will have to file for bankruptcy. I am sick of hearing how much money they spent!
Gulf Faces New Tropical Storm Threat This Week
Meanwhile US Expands No-Fishing Zone In Gulf Of Mexico Over Oil Spill
They are still testing the whale as they say the tests are inconclusive. Who gives a damn get it to work. OJT " on the job training" is the order for the day. There are hundreds of little skimmers at work but this can do more in a day than they did in 2 months. Meanwhile 1/3 of the Feds Gulf is now closed. We keep hearing how the people of the Gulf will be taken care of by BP, how quickly they are processing claims, and how it will not cost us a penny. Now I hear only half of all claims have been paid and people are hurting more every day.
Industry experts warned that the out-of-control well will go on spewing oil into the Gulf of Mexico for the next two years or more if all attempts to contain or plug the gusher fail.The estimates, based on new figures supplied by Hayward, suggest the potential environmental and economic devastation would far outstrip the damage done so far by the ruptured well, which has been spewing for over 70 days now.
They no longer know if it can even be stopped. Think about that and the Gulf stream for a minute. I reiterate It is time to give some serious thought to dropping a low grade nuke on the well and turn the sea bed to glass. It will end life as they know it in the gulf but like it or not that has already happened. There is said to be a billion barrels of oil there, just imagine that entering the gulf stream and going around the world. You do not think life and the planet will not be changer forever? Come on!
Crisis in the Gulf Part IV: Interview with U.S. Expert on Peaceful Nuclear Explosives
* In closing BP supposedly has already paid out 3.2 Billion of the 20 Billion they have promised. You know that is a pittance. They have already spent a sixth of it and this has barely begun and will be necessary for decades on end. We also know half the claims remain unpaid and millions of Gulf Coast residents are looking to BP to pay for mental health, stress, and depression costs. I am very concerned that BP is going to skip on us as costs mount! You can bet they are working on it. They will form new corporations and shift assets around to screw the people of the Gulf, all taxpayers, and America, file bankruptcy then they will do this again the inept asses they are. WTF?