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To: Titanites; Iscool

"Being shut down for months at a loss of $28 million dollars per day in revenue doesn't sound like greed"

Hmmm. Let's check that math, shall we? BP pumps 120,000 barels a day out of that pipe (the rest is Exxon). at $75 a barel they stand to loose a mere $9m per day.

But don't sell your BP shares just yet: BP sells 4 million barrels of oil a day; after their announcement the prices jumps $2.22 a barrel, so that makes an additional $8.9m a day. Then add to that the gains that ARCO (a BP subsidiary) will make in California - where most of the oil from Purdoe ends up - selling gas to Joe public + the refining margins and you have something like break even.

Long term it adds yet another reason for oil prices, refinery margins and gas prices to stay high, which maintains the share price nicely!

Is it a conspiracy or just amazing incompetency at a company that has blown up to of its own refineries and poured 2 days worth of oil into the Arctic?

You decide!

cheap for a company that sells


60 posted on 08/11/2006 8:15:29 AM PDT by Diggadave (There is no shortage of people who just will not think for themselves!)
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To: Diggadave
which maintains the share price nicely

So you claim that BP deliberately killed 15 or 16 people in the refinery explosion and deliberately allowed their pipelines to corrode so that they could maintain share price.

You are a business genius.

poured 2 days worth of oil into the Arctic

Don't let the facts get in your way.

61 posted on 08/11/2006 9:32:37 AM PDT by Titanites
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