bp returns to profit

Let's just say that since both BP and Haliburton knew weeks before the explosion that the cement mixture used to seal the bottom of the well was unstable, they should have to use them to pay some huge fines and penalties. Personally, I think this rises to the level of criminal negligence or worse! http://www.nytimes.com/2010/10/29/us/29spill.html?_r=2&hp I guess we can all rest assured now that Tony Hayward now has totally gotten his life back. What a relief! Annie

BP profits should be spent the same way anyone else's profits should be spent. However the leaders of the organization see fit. Did you hear about what is going on along the Gulf coast? Fisherman, shrimpers and other people who work the gulf are able to go back to work, but many are choosing not to.. why? Because the money they are collecting from BP is more than they can make working, so they refuse to go back to work. The hope was that the money BP was ordered to pay would sustain the local economy long enough for the industries in the area to "bounce back". In the end though, the BP money is actually stunting progress because of the artificial economy is easier and more lucrative in the short run.

BP's obligation was to clean up as best as possible and limit environmental damage. If they have done that, then no further 'punishment' is necessary. As far as BP's profits, they should spend them on what they want. In the US, they might spend them on building more refining capacity, but that is not likely for two reasons: 1. too difficult to get an environmental permit. 2. more capacity may cause a reduction in price of gasoline Obviously, I am not of the camp that says corporations are evil, especially those that make a profit! On the other hand, there are lots of issues in terms of drilling, oil supply and the price of gasoline that need to be looked into.

After they pay off my house and my car, I think they should go and pick up trash everywhere...

As long as they're handling the responsibility for the mess they caused, I don't rightly care what they're spending money on or that they're continuing to make money. I'm sure BP employes a lot of people who need jobs too. As far as I know: BP was responsibile for an accident. They agreed with government to do X. Are they not doing that? If so, then I have a beef. Beyond that, flaming them seems a bit like coming down on those AIG guys who got the bonuses. "big corporations rarely suffer the after effects of their negligence for long" True enough. Want to know who never suffers at all, not even a little tiny bit? It starts with P and ends with oliticians.

Wont the profit be spent on themselves??? Shareholders must be jumping with joy now. They'll be able to get new cars, brand new jets and fly off to their clean islands in the sun. Thats what Id do, wouldnt you?

I think the BP execs should get to decide how blue bunnies spend their money. What unit of currency do blue bunnies use anyway?

Sadly...we never learn! General populace blessed with short term memories and forgiving hearts. Lest we forget..."Exxon Valdez", the environment is still suffering from the effects of this magnanimous disaster, was the precedent set there? There is absolutley NO possibility that any form of modern science can predict the long-term affects...put the profits in a slush fund/ for on-going earth rehab. Cheers!

Giving raises to all of the executives for not letting something like a major oil spill ruin profits

Building better and safer rigs.

Sorry, blue bunny. I am enraged since hearing this news. I cannot yet discuss this with ny semblance of logic. Profit?? After all the damage that was done. Perhaps they would send some more plastic tents to Haiti as the one and a half million who are living in tents and facing a hurricane have no where to go. Perhaps they could have helped so many nations who, through no fault of their own are sinking even further into poverty. Sorry, am not rational over this at all.

I am actually a little saddened that they have returned to profit so quickly. I thought they would be suffering as a company for much longer. I would like to see them suffer as long as the environment in the gulf does. It will take years for that area to repair itself after such a catastrophe and I think that BP should be forced to give their profits to charities for a similar time frame. I know that this will never happen, but this is what I would like to see. BP petrol stations here in Australia used to always be just a few cents per litre more expensive than all their competitors I always found, but as soon as the oil spill happened they became on par or cheaper in fact! I think this was due to them losing massive amounts of customers. People decided to boycott them. My wife will not even let me stop at one on road trips when she needs to go to the toilet. Recently she held on until we passed another company further up the road!

hello jb78000, Yes, it is amazing it took only 1 year to have profits again. There profits should be spent on alternative fuel because oil will run out somewhere down the line. Plus it kick ourt habit make us more secure in long run for our country USA. We used to be such a creative country with advent of computers you think there would be another source of fuel out there. The car makers are not moving fast enough and not making there prices cheaper for the avergage person by this type of car. Thanks and have a great day Sincerley Unique16