BP, Federals Hid Massive Oil Spill Video

Just as everyone suspected, BP and the Federal Government of the United States were and still are truly ‘in bed’.  Recent video released on ABC, shows that BP hid early video feeds from not one, but at least three oil leaks gushing out millions of gallons of crude into the waters of the Gulf of Mexico.

The calculations of thousands or hundreds of thousands gallons a day were not even close to the disaster covered-up by two criminal entities that, from the very beginning decided to censor the video feeds, but that now are blaming each other for not making it available to the public.  According to ABC, BP now alleges the Coast Guard had the video in their hands all the time, while the Coast Guard itself says BP did not give them permission to make the video available.

See ABC’s report below.

In the meantime, it is estimated that British Petroleum will collect, despite the oil disaster, a total profit of $ 10 billion for 2010.  BP assured shareholders that not only will they have their investments multiplied, but that the company is a strong financial position to sort out all expenses related to the oil spill cleaning work.  The cost of the spill has been estimated in the tens of billions of dollars.

According to the Raw Story, “BP’s dividend ratio is now at 7.4 percent per year, more than twice the average payout of companies listed in the S&P 500. This means that US investors who hold BP stock effectively earn 7.4% interest on their shares — more when US tax law is taken into account — in addition to any gains or losses as a result of price shifts in the stock’s value.”