Thread: The gulf oil leak is being plugged

F! I cried seeing those pictures. The silent victims.
This whole thing is starting to mess with me.

Dealbook Column - Imagining the Worst in BP's Future - NYTimes.com

The estimate of $23 billion for the cleanup bill sounds huge. But given their profit of nearly $17 billion last year, the clean-up charge is just 16 months worth of profits. How many years has BP's execs been buying 50-foot yachts? It doesn't sound like such a hardship to cough up some of that profit.

Another way of looking at it - their enormous profit is another word for consumers overpaying at the pumps. So yes, as consumers, we've already paid for the massive cleanup and then some. But we all know what will happen next. Gasoline prices will rise to "cover the costs", they'll tell us. Because the executives won't downsize from 50 to 30 foot yachts.

Originally Posted by nonoob

How many years has BP's execs been buying 50-foot yachts?

I think the BP execs would be in the 50' dinghy category. I don't see Tony H. piddling around on some weeny 15 meter hull. That's not a yacht. A yacht has a permanent crew and a helipad.