Monday, June 28, 2010

BP Oil Spill - Just in case you were wondering

And by the way, the crude price rise brought by the spill also marked up the value of BP’s reserves, easily allowing it to cover the cost of the clean up, no matter how big it is. This is how profitable this company is, and why they were so generous with a $20 billion contingency fund.

Gotta love the free markets!

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