Heartless Environmentalist

When you hear BP is cold, uncaring, heartless, or greedy are they not implying BP is only out for profit and doesn't care about the environment or its workers.  I do not know the attitude of the CEO and other executives. I do not know the compassion of the Board of Directors.  So we can only look at the facts in terms of profit, because regardless of their sympathies for the environment or employees welfare we know they want profit.

 

Every day that oil gushes uncontained to the surface of the water is a minimum loss of $21,000 of profit.  Gross income loss is at least $700,000/day. A deep water platform has a minimum crew cost of $200,000/day. That crew cost is continuing and not being offset by income.  Likewise cleanup cost exceeds the income from the skimming recovery operations.

 

Days before the accident a crew member noticed a problem. The section of piping was shut off and the product was rerouted. Redundancy is expensive but minimizes the chance of lost production.  The problem area was scheduled for maintenance. Before repairs could be made, the platform blew up. The cause is still not certain.

 

My questions in regards to BP's heart are: "What was ignored? What short cuts were taken? What risk was taken? Just to ensure greater profit!"

 

It doesn't make sense to me to label BP as heartless unless one of those questions can be answered.

 

The heartless isn't BP or other oil companies, but environmentalist who force these companies to work in high risk areas. Now these heartless environmentalist are dancing with glee that the high risk situation came to fruition.  Who do they blame as heartless? BP!

 

Just for the record. I have no fiscal interest in oil producing companies until today. I bought 20 shares of CLMT.