BP Profit Down on Oil Spill Charges

Nov 2, 2010 Read more: New York Times
BP said Tuesday that costs related to the Gulf of Mexico oil spill increased by another $7.7 billion mainly because of a delay in the completion of the relief well. Read more
just dont get it

United States

#1 Nov 2, 2010
profits down? awwwwwwwwwwwwwww.

i couldn't care less if they folded tomorrow. in fact, they SHOULD fold....right after they pay everyone what they deserve for devistating at least 11 families and the livelihoods of tens of thousands of people in the area.

it's time that these oil companies were forced to be insured. that would guarantee that the rigs would be safe. you can bet your last dollar that a company like lloyds of london doesn't want to pay out a penny for damages and would, therefore, demand that all the right safety measures were in place before one gallon of oil was taken out or the ground.
just candid

AOL

#2 Nov 2, 2010
We taxpayers are giving BP a 10 Billion buck kicker. After all is said and done, cost of set asides for payback to people who were hurt by spill, is a tax deducation for BP. Set aside $20 Billion=$10 Billion tax break. Bummer!!!!
just dont get it

United States

#3 Nov 3, 2010
just candid wrote:
We taxpayers are giving BP a 10 Billion buck kicker. After all is said and done, cost of set asides for payback to people who were hurt by spill, is a tax deducation for BP. Set aside $20 Billion=$10 Billion tax break. Bummer!!!!
how is it a tax break?
c65gx4w5f4ds

Piscataway, NJ

#4 Nov 9, 2010
just dont get it wrote:
<quoted text>
how is it a tax break?
BP has oil reserves around the world valued at over ONE QUADRILLION dollars. Yes you read that correctly. The 'tax breaks' allow them to not have to pay taxes or offset paying anywhere in the world they choose. The bigger the 'fine' the better!

After the exxon valdez spill oil could be found coating the rocks and beaches TWENTY YEARS LATER. The spill in the gulf was 5 times that size and amount. NOT ONE beach has been closed. ALL fishing is allowed for the entire gulf. NOT ONE video showing ANY beach covered in oil has ever been filmed ANYWHERE along the entire gulf of Mexico. Apart from the staged lies of 9-11 this event just may turn out to be the largest drug money laundering scam in world history.

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