Costly BP Oil Spill Settlement

Friday, 22 February 2013 0 responses

Talk about putting something mildly. To say that the BP oil spill settlement is costly is like saying Wilt Chamberlain was above average height. I don't think there are enough zeros available to print these numbers. Catastrophes have a way of eating up huge fortunes. The difference in this case is that a huge corporation is the culprit and not Mother Nature. When she acts up and creates havoc, it is the government who has to fork up the bucks. In this scenario, one wonders how BP will weather the storm they created. One thing I have been thinking about is how the coffers of the UK will do with BP having such a huge right-off.

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