BP is planning to raise $50 billion to cover the cost of the largest oil spill in U.S. history, London's Sunday Times reported without citing sources. The paper said BP planned to raise $10 billion from a bond sale, $20 billion from banks and $20 billion from asset sales over the next two years.I thought it was funny that in a comment for this piece, someone actually wrote that "the oil spill is not BP’s problem." I know a guy who is the typical Glenn Beck conservative, as in he doesn't really know much and follows everything Beck says, but typically gets that wrong too - like playing a horrible game of telephone. He too believes it was not British Petroleum's fault and that they should not have to pay to fix their mess. One reason he gave was that it was not their rig. I asked him if he leased a car and crashed it, would he have to pay to fix the other guy's car? That shut him up pretty quick...
Monday, June 21, 2010
The Right-Wing Loves British Petroleum