Oil giant's profits are prodigious enough to pay for cleanup
(NEWSER) - If you've been up late worrying about BP , rest easy. Whatever the ultimate toll to the Gulf states, and indeed the nation, the still-gushing oil spill isn't likely to kill BP. The British firm may be shelling out $17.5 million per day in clean-up costs, but it averaged $93 million a day in profit last quarter, notes the Washington Post . True, they're leaking 5000 barrels a day, but can produce about 25,000. And, if things get tight, they can always borrow money. "Even a pretty large digging into the pockets would be within our capacity to handle," a BP rep says. More»
