BP installs new well cap
Let’s say this well cap works.
You have to ask, then, why didn’t they try it seven weeks ago?
Might it have anything to do with the fact that this solution shuts off the oil completely while the other, failed designs provided for profit in the form of crude to continue to spew forth (under control, of course), thereby not rendering the investment a total waste for BP?
And, is it true that the $3.5 billion BP has spent so far would have gone to federal taxes anyway, were it not for the loss to the company…which means that we are paying for the cleanup after all, regardless of what we are being told?
While this cartoon is a comment on BP’s slapstick technical efforts so far, maybe it is the American public that ought to be wearing the collective fool’s cap.
CHAN LOWE has been the Sun Sentinel’s first and only editorial cartoonist for the past twenty-six years. Before that, he worked as cartoonist and writer for the Oklahoma City Times and the Shawnee (OK) News-Star.
Comments
The Financial Times reports that BP is forecast to pay about $10 billion less tax over the next 4 years as it meets the cost of it's oil gusher...Hitting the revenues of the UK and US.The company could well end up paying no income taxes at all, even though it's selling billions of dollars of oil all over the world.
Bottom line is...Did BP just give us "The Middle Finger."??
Posted by: Lorraine Wagner | July 14, 2010 12:27 PM