BP WILL BE FINE WHATEVER THE FINES

 

* Oil multinational BP's accounts for 2010 put aside $41bn to pay for the spill in the Gulf of Mexico.

* It is two and a half times more than BP's entire profit in 2009.

* It might cover all the costs, the meter is still running, particularly on the legal fees.

* One of the biggest costs could be the fine levied by the Environmental Protection Agency as the EPA sets its fines on a per-barrel basis. 

* So BP will be fined between $1100 and $4300 for every barrel that was spilled.

* About 4.5 million barrel oil was spilled, that's amounts to a fine of over $19bn. 

HOW MUCH BP EARNS ? 

* According to an estimate, if BP sells its oil @ of  $100 per barrel, pays $20 in lieu of royalty to US govt and disburses all types of taxes -- even then it saves 38 dollars per barrel.

* BP's gulf of Mexico operations are its most profitable venture globally.

* By contrast, it saves merely $15 per barrel in its Russian venture.

BP VERSUS US GOVT

* Therefore, come what may, BP will never let go of its Gulf of Mexico operations.* Neither the US govt would take the risk of BP's nationalization, since, as a result economic meltdown it is in dire need of dollars.* Nor shall US govt jeopardize it efforts to alleviate unemployment since BP is ready to employ effected populace.

THE ULTIMATE BEASTS BURDEN

* After all lust for profit and political power shall offload the burden of ecological damage on taxpayers--all of whom are not Americans. Whatever the costs, BP will will nullify them through super profits.