Okay, I thought about it. My conclusion is there is no possible way BP cna make money by continuing to let the oil flow. None, nada, zippo!!!

Do you honestly believe BP would rather cough up $20 billion, plus who knows how much more, lose their worldwide reputation and be paying claims for years to come, to save a little oil? Have you calculated the vaule of all the oil recovered to date vs $20 Billion?

Hard to see where BP is making any money on this.

Let's see...
BP plugs well, and writes off losses. Losses will be much less if plugged now, right?
NOT
BP captures oil and sells it. Still has to deal with some of the losses....some....., but comes out in the end better than a write off.
If you think BP will cover all the losses, you're not being realistic.

I know, some still think BP would like to plug the well.
I don't.
Oh, that's right. They're drilling relief wells to
(A) plug the leak
....or....
(B) capture the oil and sell it.

Chuck's right. There are plenty of sharp minds available to solve this problem. His response sounds like a "thinker" to me.

Just thought I would kick a rock in the fire and stir up a few sparks.
KK...how's the coup counting going for you? You are pathetic.


Published on Friday, June 4, 2010 by McClatchy Newspapers
BP Looks to Profit from Oil Salvaged from Gushing Well
BP, Feds Could Make Millions from Runaway Well's Oil
by Erika Bolstad

WASHINGTON - BP's runaway deepwater well could still become a moneymaker for the company, even as it tries to stem the gush of crude oil that's fouling the Gulf of Mexico.
If the current containment effort works - and BP and the government say they're optimistic that it will - the oil giant will salvage much of the oil that's now spewing from the crumpled pipes on the ocean floor. That captured oil, McClatchy estimates, could generate more than $1.4 million in revenue for BP each day.

BP Chief Executive Tony Hayward listens during a news conference in London February 2, 2010. If the gusher in the gulf can be contained, all the oil that BP is able to siphon off will be sold at market. "It's exactly the same as if it's normally produced oil," BP spokesman Graham MacEwen said. (Reuters)Once the oil is piped to the surface to the drill ship Discoverer Enterprise, it will be processed and sent by tanker to a refinery to be sold.

"It's exactly the same as if it's normally produced oil," BP spokesman Graham MacEwen said.

Based on government estimates of the flow rate, the mangled well could produce oil valued at as much as $85 million over the next 60 days, until a relief well is complete and the well is capped permanently.

Yep, them BP guys are geniuses. At $72 a barrel, they will break even - on the first $20 billion - after recovering only 277,777,777 barrels. Of course they would have recovered it anyway, and they did agree to give all recovery profits to the gulf residents. Damn, I think there may be a flaw in their get rich quick scheme.

This article only proves that Erika Bolstad is a complete idiot. And the news company she writes for is equally as stupid.

BP will not prosper from this spill, and it stands to bankrupt the company.

Sure there are some people who would love to see that. But once BP files for bankrupcy protection, who do you think will be left holding the bill for the clean up?

The American taxpayer is going to pay enough for this mess, why should we foot the entire bill.

Cant wait to see the mess that is created when a hurricane moves in to the gulf this summer.

Imagine everything you can see from the top of your home covered in crude oil.

It will happen!

http://community.cdiver.net/forum/topics/strippers-demand-bp


Its way worse than were being told!

I fear Syko is right. If a major hurricane passes near that mess, we could have oil 50 miles inland over a swath of incomprehensible porportions. If BP is held accountable, for ALL damages, they will be bankrupted. The questions is, do our politicians have the courage to bite the hand that has been feeding them so long. Apparently Barton does not!

Watched a clip on Cspan about a week ago that was talking about how many renewable energy bills have been shot down by the oil and gas industry.. Obama also gave his assurance's that we were not trying to Bankrupt BP because almost all British retirement funds held large positions.

Aunty, to compare the Exxon Valdeze spill to this one is comparing a grape to a watermelon.

The Valdeze spill was many times smaller in a remote part of the world.

The cost's and the clean up from this has barely been started. The spill continue's on, and is in a totaly different enviroment, and is in a heavily populated area.

Like I said earlier, wait untill a hurricane moves in this summer.

It's hard to imagine a scenario where BP will not be held accountable for a huge chunk of change. Even the oil financed politicians are likely to be gun-shy about fighting a full liability bill. Most are smarter than Barton. (But the Rs should dump him from any energy policy position, which they seem loath to do.)
That said, I do not believe BP will pay for ALL the damage they have done, but I’m equally sure they will pay one hell of a lot more than Exxon ever did. For one they have already coughed up $20 billion.

I thought I heard it was 5 million a year for 4 years. Once SEIU unionizes the cleanup workers things should go alot smoother.

Joe Barton is not alone in tossing bouquets and sympathy toward the corporation responsible for the worse pollution disaster in American history. Other examples:

--BP "shouldn't have to be fleeced," in the words of Rep. Michelle Bachmann, R-Minnesota, who described as "a redistribution of wealth fund" the $20 billion escrow account set up to pay cleanup costs and claims.

--"We can't afford to demonize" BP, Sarah Palin declared on television last week as she upbraided President Obama for taking so long to meet with BP's chief executive Tony Hayward. (Hayward has been exiled back to England.)

--President Obama "is directly engaged in extorting money" from BP, ex-House Speaker (and possible presidential candidate) Newt Gingrich charged, appearing on Fox News' "Hannity."

--Back when he was a law professor, Barack Obama taught his law students "how to use the Constitution to shake down corporations through race and grievance lawsuits," Rush Limbaugh charged. "That's what he taught students at the University of Chicago . . . much like he is doing to BP."

--The BP escrow account is an example of "Chicago-style shakedown politics" by President Obama, Rep. Tom Price, R-Georgia, chairman of the Republican Study Committee, charged in a statement.

After Republican House leaders beat his brains in, Barton apologized for his apology. Interestingly, however, House Republican leader John Boehner declared about 10 days ago that government and BP should share burdens of spill response, before hastily clarifying that cleaning up is the company's responsibility.

Republican Senate hopeful Dino Rossi told seattlepi.com that he supports the escrow fund and removing the liability cap on oil spills. In Kentucky, however, GOP Senate nominee Rand Paul delivered a now-famous "Accidents happen" response before he stopped giving interviews to non-tame media.

Dating back more than a century, to the presidency of Theodore Roosevelt, "green" Republicans have done yeoman service for conservation and the environment. But they are now an endangered species.

When supertankers were banned from Puget Sound -- via an amendment slipped into the Marine Mammals Protection Act -- Democratic Sen. Warren Magnuson received the kudos. But two Republicans in our House delegation, moderate Joel Pritchard and conservative Jack Cunningham, cleared away obstacles to House floor passage.

By contrast, Joe Barton is responsible for legislative language that forced the Minerals Management Service (MMS) to speed up approval of drilling rigs. MMS was already more a lapdog than a watchdog.