BP's stimulous money

[clt_capt]

Confused? What infrastructure exactly was neglected? Since the deepwater horizon wasn't owned or maintained by the oil companies? Where is the lack of spending? Also do you have any real idea about the spending that goes into maintenance on a rig like the deepwater horizon?

One case in point - Alaska pipeline... Why did BP announce 10s of Billions in profits and ask the Govt to pay for pipeline repairs?

I'm well aware the normal maintenance is incredibly expensive.

[captnemo]

One case in point - Alaska pipeline... Why did BP announce 10s of Billions in profits and ask the Govt to pay for pipeline repairs?

I'm well aware the normal maintenance is incredibly expensive.

Because the pipe line belongs to the state of alaska and there for is responsible for the maintenance, trust me alaska is in no fiscal trouble, each resident not only doesn't pay ANY state tax, they get paid just to live there, and they are getting paid by the oil revenue. So yeah, Alaska built the pipe line, they own it, they maintain it, its the way it should be. The people of Alaska don't want the oil companies responsible for maintaining the pipe line.

As well the oil companies don't own the rigs or the infrastructure to get the crude to the beach, there are plenty of wrongs here by the oil companies, but infrastructure is not one of them, thats simply not their business.

[Glenn W]

Because the pipe line belongs to the state of alaska and there for is responsible for the maintenance

I don't know where you got your belief that the State of Alaska owns the Trans Alaska Pipeline but it is owned, operated, and maintained by Alyeska Pipeline Company which is in turn wholey owned by BP, ConocoPhillips, Exxon Mobil, and two minor owners (oil Companies).

[Avenger]

Anybody who files a tax return knows (or should) that revenues minus expenses = income. If expenses exceed income it's called a loss. Every taxpayer does this simple math, why is it suddenly different because BP is doing the math???

There's enough reasons to go after BP, but this isn't one of them. Just more news media trumped up sensationalism to stir the pot.

[canyongear]

The problem is in the messenger..20 Billion ain't apparently 20 Billion..cash is cash ..and I never heard the mention of taxes or their impact on 20 Billion..short lived which was an out and out LIE..since now it is not 20 Billion, it is 5 Billion stretched over 4 years...

Either tell the truth or shut-up..and don't say a word....just my opine.

[Glenn W]

since now it is not 20 Billion, it is 5 Billion stretched over 4 years...

What's this about?

[marine4003]

Its all bullshit. All the money raised for haiti relief still hasnt been sent in either. The cost of all this will be on the American. Gas will go up, Taxes for administration, and business will go on. BP right now is working on a deal to get Lindsay Lohan out of jail since she only has 4 more days to live until she menstruates. Its all being done for humanitarian reasons. She will be released to authorities at the Playboy mansion.

Bhhhaaaaa...pissed my pants,i did..that , right there..is a big 'ol bag of funny.