Tuesday, November 2, 2010

BP lifts cost for spill, denting quarterly profit


BP now owes at least $40 billion dollars of fees because of the oil spill, and the total could reach as high as $69 billion. This was an increase of 7.7 billion from the previous total. These additional fines have put a dent into BP's third quarter profits, but they still have made money. BP is the world's largest non-government owned oil company.


I think this is a good thing. We should make sure that BP pays for everything that they caused, and the people that lost money get the proper amount they lost. Even though BP has gotten fined this much, they are still making a profit and I'm sure that they will soon forget the fines. Finally, BP really needs to make their rigs safer, so that this kind of stuff never happens again.


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