OTCPK:BPAQF - Post by User
Post by
greener12345on Jun 18, 2010 3:57pm
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Post# 17203106
still too early but............
still too early but............
Of course, the whole point of the escrow account is to assure that BP — not the taxpayer — is on the hook for the Gulf oil disaster bill. Despite CEO Tony Hayward’s recent claim that the oil giant has paid every claim, BP has actually paidfewer than half and has been less than transparent about the process.
It’s unclear why Barbour is so worried about BP not having enough funds for the account. The company made $163 billion in profits from 2001 through 2009 and nearly $6 billion in the first quarter of 2010 alone. As the Washington Post noted, in the early days of the spill, BP paid $17.5 million per day while the company made on average $93 million per day in the first quarter.