Tuesday, March 29, 2011

BP Oil Spill

There is another article today about the BP oil spill in the Gulf of Mexico. The title is self-explanatory: “BP refuses to put figure on how much oil was leaked in Gulf oil disaster”. They seem not to want to have to admit that they spilled an awful lot of oil into the waters of the Gulf, claiming that they actually leaked more oil in 2006 and 2008 than they did last year in the super-duper oil spill. Now, that might seem like they’re trying to get out of having to pay a higher price tag for clean-up and restitution, but I think they have found a new angle in dealing with this situation.

First, I think they are intentionally trying to present a ridiculously low estimate of the amount of oil that spilled out into the waters off of Louisiana, specifically so that everyone will get all mad and indignant and insist that the amount of oil that flowed into Louisiana was far, far greater than the amount that BP has stated. Then BP will agree to increase the estimated amount of spilled oil to whatever large volumetric figure the local populace in Louisiana insists that it is. And then BP will admit that, yes, all the amounts of oil that they listed from 2006 and 2008 also escaped from their drilling operations and found its way into Louisiana. Then all the local people, feeling vindicated in their accusations, will heartily agree that all of that extra oil must have also spilled into Louisiana as well.

So they will all agree on some really, really astronomical figure for the total volume of oil in barrels that flowed into the state of Louisiana over the past few years, and that’s when BP will take a new position on the matter. What’s that, you might ask? Well, seeing as how Louisiana got all of this oil from BP, they’re going to have to charge the state for all the free oil they’ve been getting. Oil is very expensive, especially in the current marketplace, and that’s an awful lot of barrels that you will now owe BP for.

Yes, I’m afraid the free ride’s over, Gulf residents: BP has lost a lot of profits here from oil that’s just been flowing free-of-charge into your states, especially Louisiana. And now with all the uprisings in the Middle East, the price has spiked. So now you guys are going to owe BP a lot more than you would have if you had just agreed to settle up with them earlier on in the process. Let that be a lesson for all future oil spill location residents. Just pay the oil company quickly for some low-ball estimate settlement of the amount of oil you got, or you’ll just owe them a lot more later on when the price goes up and they find out how much oil you really took from them. These oil spills are costly for these oil companies. You didn’t think they were just going to let you keep all of that oil for free, did you? After all, BP is a company, not a charity; and this oil spill has been very hard on them. They’ve got to make their money back somehow.

Want to read the article? It’s at (boy, that’s a long link!):