A few weeks ago, I mentioned another oil spill, this one in my home state.
Although smaller than the BP spill in the Gulf of Mexico, this one is still estimated to be 1 million gallons—which to me is a huge amount of petroleum.
Today it was reported that the company responsible for the spill estimated that the cleanup would end up costing them $400 million. That’s about $400 for each gallon spilled!
Though I’ve not heard news recently about the status of the clean up—since the media enjoys broadcasting bad news, I assume that no news is good news—it seems that the focus has already shifted beyond cleanup to the cost.
For PB it is a much different story. They will be in the news for a long, long time — and I suspect that their effective cost per gallon spilled will likewise be much, much more than $400 a gallon.
Peter Lyle DeHaan, PhD, is an author, blogger, and publisher with over 30 years of writing and publishing experience. Check out his book The Successful Author for insider tips and insights.