BP Oil Spill: $18.7 Billion Fine a Mere 2% of Its Enormous $929 Billion Revenue

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Top Tier Gear USA

oilspill

Remember the Deepwater Horizon oil rig explosion that killed 11 people and dumped some 4 million barrels of oil into the Gulf a few years ago?

Well now the company has been ordered to pay the largest environmental fine in the nation’s history at $18.7 billion dollars, the final settlement to be divvied up among the Gulf states who suffered most in the oil spill’s wake.

Sure, $18.7 billion sounds like a lot of money even these days, but check out this chart (via The Independent):

bprevenue

The company only made 928.67 billion in revenue in the years since the spill. How ever will they be able to pay that hefty fine? (It’s not even 10% of the company’s gross profit; it barely makes a dent.)

This money won’t make it to the pockets of the people actually affected. It never does.

$18.7 billion… So that’s how much it costs for the deaths of 11 people, the rape of a whole ecosystem, and continuous negative health impacts on millions of humans and animals throughout the area for years to come?

Hundreds of tar balls still dot the beaches of Louisiana even today, something that will continue for who knows how long. But don’t worry:

BP senior vice president Geoff Morrell says the signs are good for a healthy Gulf.

“There is nothing to suggest other than that the Gulf is a resilient body of water that has bounced back strongly,” he says. “The Gulf has not been damaged anywhere near the degree some people feared it would have in the midst of the spill.”

The company, who obviously has a great vested interest, says it’s all good.

On a sidenote, did you know that BP Oil CEO Tony Hayward sold off 1/3 of his total BP stock (that’s 223,288 shares) on March 17th — just a month before the explosion? Did he know something the rest of us didn’t?

If you haven’t watched the Jesse Ventura Conspiracy Theories episode on this oil spill yet, you might view the whole thing a little bit differently after you do:

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Contributed by Melissa Dykes of The Daily Sheeple.

Melissa Dykes is a writer, researcher, and analyst for The Daily Sheeple and a co-creator of Truthstream Media with Aaron Dykes, a site that offers teleprompter-free, unscripted analysis of The Matrix we find ourselves living in. Melissa and Aaron also recently launched Revolution of the Method and Informed Dissent. Wake the flock up!

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  • Koolz

    BP oil spill is a ride down the Alice and Wonderland tunnel! It’s truly strange.
    It involved Cerberus Corp, DynCorp, Pegasus Corp, Mineral Management Group, Others.

    Now who is going to get this billions. Is it going to be the people who suffered, the dolphins, or something else. I doubt it . It will probably go to the city and some corrupt BS.

  • It’s a good bet that the thousands of fishermen who lost their livelihood won’t see much of it.

  • RedTickAlert

    This is BS. What about Halliburton, Cameron and all the Yank firms ?. I effing hate the Yanks – when Piper Alpha killed scores – nothing. F.O – it is about time Britain broke all ties with the nut jobs in Washington – F them

    • YeahRightOkay

      …dude…go back and see your dentist…he might have some psychotic drugs for you…

      • RedTickAlert

        Right got y drugs now. So I shall comment again. This whole disaster has cost BP 30-40 billion, whilst the Yank Companies THAT ACATUALLY CAUSED THE PROBLEM walk away almost scot free.
        This is to lower the value of BP so that some Company like Exxon can come along and buy them out.
        How do I know – because I work in the industry.

        • YeahRightOkay

          …not the right drugs…you are still too delusional…go to your local vet…I am sure they have some good rabbi vaccine for you…

          • RedTickAlert

            This time the dentist told me to just “Suck It” and then insulted me by calling me a “rude, dumb, incoherent, a- hole YANK”……..Where TF does this Rabbi come in – I would wipe them out

  • How will they ” pay” it? raise gas prices,,,,they don’t care !!

    stop using gas by the gas companies, do your own energy at home

    • Or, better, live in a van, saving the costs of paying rent or mortgage, utilities, property tax, and gaining the ability to move away from annoying neighbors immediately anytime you want. You can even live down by the river, if you want, and let the whitewater lull you to sleep….

  • YeahRightOkay

    …as the scum bucket lawyers and politicians are dancing all the way to the bank…the folks who were directly affected by this…still see their lives and livelihood…destroyed…