BP Planning To Challenge Oil Spill Estimates To Reduce Their Fine

Sometimes we all have to to own up to our mistake and serve the meter . But not the classy folks at BP ! According to the NY Times , BP will challenge idea of the oil run out so as to foreshorten their fine .

As it stand up now , authorities estimates put the amount of oil color splatter at 4.9 million barrels which means that BP could face fine of up to $ 21 billion , or $ 4,300 per barrel , “ if courts determine that it acted with gross negligence before the accident . ” BP is propose that that estimation is 20 to 50 percent too high , though they ’ve give out to offer their own estimate .

Of of course BP would challenge the idea though : it ’s a diddlysquat ton of money that they have to make up up . And if we learned anything from theoil spill , it was that BP is allbig business organisation pot : a pair million barrels less is a few billion dollars deliver for them . But the problem is BP has notoriously underrate the flow rate of their petroleum spill . Their early estimates had the leakage at 1,000 to 5,000 barrels a solar day , but more detailed analytic thinking found that it in all probability reachedas high as 60,000 gun barrel a twenty-four hours . Quite a bit of difference .

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