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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: maceng2 who wrote (73717)5/27/2010 11:58:36 AM
From: average joe   of 74559
 
At $70 bbl and 12,000 bbl a day the well is spilling out $840,000.00 worth of crude approximately a day. That is $306,000,000 a year worth of the black stuff - I'm guessing it would cost at least $100,000,000 to drill a well to that depth in the Gulf. So it means a tidy little profit for BP if you take away the clean up costs.
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