Deepwater Oil Spill: Devastating For The Planet, But Not For BP

Posted by | May 11, 2010 19:06 | Filed under: Top Stories

by Thomas Wellborn

ThinkProgress has calculated that British Petroleum (BP) could pay for the entire cost of the Deepwater oil spill cleanup thus far with approximately 4 days of profits.  The Washington Post reported BP spending about $17.5 million a day on the effort, which comes to about $350 million so far.

In the first quarter of 2009, BP earned $93 million per day, and the well continues to leak oil at a rate of about 5,000 barrels per day.

Even during a massive catastrophe, BP can continue to turn a nice profit. Go capitalism.

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