* 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.
