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02 Nov 2010 10:29

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Biz: BP somehow posts profit, despite massive Gulf Oil Spill cost

  • $40
    bilion     the amount BP has set aside for paying for this oil spill (over two separate quarters) – bigger than many countries’ GDP
  • $1.79
    billion     the company’s profit third-quarter profit, despite a $7.7 billion spill-related charge – it’s insanely impressive they have one at all source
Posted by Ernie Smith • 0 Comments • Permalink

14 Aug 2010 12:32

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U.S.: Oil spill: So, BP apparently did the top and bottom kill all wrong

  • Bottom kill first! Bottom kill first! BP is ready to drill a relief well after learning from tests that there’s still a risk of oil leaking from the plugged-up hole (and the U.S. called them out for it). In fact, they totally got ripped for it by some experts. “It would have been easier and safer to kill the well with the relief well,” said former petroleum engineer Les Ply. “When it is cemented from the bottom, you can be assured the well is dead.” source
Posted by Ernie Smith • 0 Comments • Permalink
 
 
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