So, let me if I get this correct. In order for the $20 Billion Trust Fund to be well financed it will NOT come from BP's Treasury, it will come from NEW oil wells drilled in the Gulf of Mexico.
I DON'T THINK SO !!!!!!!!!!!
Crimnals. The halls of Wall Street are lined with criminals.
So, the USA has to TRUST the most ruthless and careless company on Earth.
I demand the payment from BP for the entire amount of $20 billion US NOW.
BP Pledges Gulf of Mexico Oil Fields to Spill Fund (click here)
1 comment By Sarah Young
October 1, 2010
LONDON (Reuters) - BP, which faces U.S. opposition to drilling for oil in the Gulf of Mexico, named fields there that it will use to help finance its $20 billion fund for victims of the worst oil spill in U.S. history.
The oil major on Friday said it would channel revenue from a number of its fields in the Gulf, including Thunder Horse, Atlantis and Mad Dog, into its compensation fund.
"It's quite a clever thing that BP's done which is, here are our deep water Gulf of Mexico assets, and we're pledging overriding royalties as collateral which should suggest to the U.S. administration not to in any way meddle with these facilities," said Seymour Pierce analyst Alan Sinclair.
There have been concerns that the U.S. could ban BP from future drilling after lawmakers in July voted to pass an amendment to a bill that would prevent BP from acquiring new exploration leases after the blow-out at its Macondo well in April....
