Don't Cry For British Petroleum
BP's Promo Video
I've seen some folks comment that they are incredibly fearful that this spill will adversely affect British Petroleum's profit margins. They worry that Mr. Hayward won't be able to buy a few hundred yachts next year for his personal enjoyment.
Don't worry folks. BP will make money from this. The US taxpayer pays out billions of dollars every year in subsidies to the oil majors. It's estimated that the US Tax Payer gifts BP $30 Billion / year. You see, when you're the world's most profitable industry and breaking profit records every year, you shouldn't have to pay your own bills. That's why you and I work for a living. It's our job to make sure that Hayward, a British Citizen enjoys the comforts and pleasures that real wealth can provide.
So there is no reason to believe that the you and I won't be bailing out BP at a cost plus basis. BP is going to make record profits on this spill.
Oh and the BP workers we're hearing about getting sick? They've found a solution for that. They are using our tax dollars to clean beaches that are unaffected by the spill. After all, cleaning up the real muck may eventually expose them to liabilities that will turn into multi-generational court fights.
Don't cry for BP. BP has been creating disasters in the US every year for decades. It's what they do. It hasn't hurt them yet. After all, if you have a job, a portion of your paycheck is going overseas to London, to rest in Hayward's personal bank account.
British Petroleum will be fine.
Some say the devil is dead, the devil is dead.
Some say the devil is dead and buried in the bayou.
Some say he rose again, some say he rose again.
Some say he rose again and runs a BP oil crew.