Jamesb101.com

commentary on Politics and a little bit of everything else

BP…….Oil leak cost is $450 Million so far…..

That’s a lot of money……

I sure wouldn’t want to be their insurance company……

Global oil company BP PLC said today its costs for fighting a massive oil leak in the Gulf of Mexico have risen by $100 million in three days to total about $450 million.

London-based BP PLC said in a filing to the U.S. Securities and Exchange Commission that the tab includes money it has given to the coastal states of Louisiana, Mississippi, Alabama and Florida and to the federal government for their responses.

The costs also include efforts to contain the crude, ongoing work to drill a relief well and settlements.

BP has estimated the price tag increases by at least $10 million a day.

More……..

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May 13, 2010 - Posted by | Blogs, Government, Health, Media, Other Things, Politics, Updates, Weather | , ,

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