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Senate witness: BP using dispersants so oil hits beaches longer for "better financial position"

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posted on Jul, 1 2010 @ 06:59 PM
Here's a rancid little tidbit to chew on:

FRED MCCALLISTER, VICE PRESIDENT, ALLEGIANCE CAPITAL CORPORATION: It keeps it out of sight and out of mind. And it allows BP to amortize the cost of the cleanup over several years, 10 to 15 years, because some of this oil is going to biodegrade, but a lot of that oil is going to roll up on the beaches for 10 or 15 years.

And if they can amortize that over 10 or 15 years,as opposed to dealing with that over the next 15 months, that’s a much better financial position for BP to be in.

More at source, including video clip: sts-video

[edit on 7/1/10 by silent thunder]


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