BP Planning To Challenge Oil Spill Estimates To Reduce Their Fine

Illustration for article titled BP Planning To Challenge Oil Spill Estimates To Reduce Their Fine

Sometimes we all have to to own up to our mistakes and serve the time. But not the classy folks at BP! According to the NY Times, BP will challenge estimates of the oil spilled in order to reduce their fine.

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As it stands now, government estimates put the amount of oil spilled at 4.9 million barrels which means that BP could face fines of up to $21 billion, or $4,300 per barrel, "if courts determine that it acted with gross negligence before the accident." BP is suggesting that that estimate is 20 to 50 percent too high, though they've failed to offer their own estimate.

Of course BP would challenge the estimates though: it's a shit ton of money that they have to pay up. And if we learned anything from the oil spill, it was that BP is all big business corporation: a couple million barrels less is a few billion dollars saved for them. But the problem is BP has notoriously underestimated the flow rate of their oil spill. Their early estimates had the leak at 1,000 to 5,000 barrels a day, but more detailed analysis found that it probably reached as high as 60,000 barrels a day. Quite a bit of difference.

Hopefully, the government won't bend to BP's will. [NY Times]

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DISCUSSION

GitEmSteveDave.com

So if the Government wants to scan you before you enter a plane, and says it's safe and can show you studies done by real scientists, people don't believe them, because "Governments lie!", "Sheeple just follow", and they want you to forward a letter to Obama to have the studies looked at/done again.

But if the same Government comes up with a number that means they could get billions of dollars in their coffers, the same "Governments lie" people believe that the fact that BP wants the figures re-examined means that they are an evil corporation.