My goal is lucidity. If your comments clarify mine, so much the better. If you are informed or enlightened or amused or persuaded, so much the better….Rick Subber
Saturday, April 21, 2012
The BP perps….who are they?
FLASH! Apr 24, 2012: Slate.com reports arrest of BP engineer.
It's been two years since the disastrous BP Deepwater Horizon oil spill in the Gulf of Mexico, and no one from BP has been prosecuted for doing something wrong. That's wrong.
BP didn't spill the oil. Employees of BP spilled the oil. And some of them should be held personally responsible.
BP so far has agreed to pay roughly $30 billion for injury and loss claims, and cleanup, after the largest oil spill in U.S. history that killed 11 workers.
Last year BP posted profits of $26 billion. Revenues were $375 billion.
Get the picture? Sure, $30 billion for claims and cleanup is a lot of money. But for BP, $30 billion in claims and cleanup costs is just a cost of doing business.
BP has a lousy safety record. Toxic waste dumping in Alaska in 1995. Refinery explosion in Texas in 2005, with 15 dead. Huge crude spill in Alaska in 2006. Gulf oil spill in 2010. In all, more than 30 people dead. Uncalculated environmental damages.
The way BP does business is dangerous. And it's illegal. Who at BP is going to be held accountable?
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