oil ooozing up and price coming down.
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On Thu, 10 Jun 2010 10:03:34 -0700, jps wrote:
Oil is a world market. How many producing wells are there in the
world? Why do you think that one well would affect anything other
than BP's viability as a company, given the liability?
If it's not harvested and refined by BP, it'll be done by another.
Capacity is capacity. Evidently, there's more oil than there are
dollars to pay for it. Otherwise the price wouldn't be going down.
I guess the real question for BP will be if the TWO wells they are
drilling right now on the site will produce enough oil to pay for the
damage from the one that blew out. They were right about one thing.
There is plenty of oil down there. Maybe the government should put a
lien on those wells and garnish all the profits until the obligation
is fulfilled, It will certainly take decades to pay this back,
probably never.
Sounds about right. It's not like they didn't know this was a possibility or
that they never had a previous problem.
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