How can BP's pipeline infrastructure be so rusty worn out during a period of record oil company profits?

Didnt they reinvest any of the huge profits into their infrastructure? Now they are apologizing. The greedy Bast*rds.How can BP's pipeline infrastructure be so rusty worn out during a period of record oil company profits?
BP was too busy making profits at the expense of the driving public. Giving bonuses to their CEO. Then use the excuse they did not know the extent of the damage. Where is Bush on this issue hidding out in Texas with his oil buddies.How can BP's pipeline infrastructure be so rusty worn out during a period of record oil company profits?
That is a dam good question and I doubt if you are going to get any good answers. They built a pipeline that would last 25 years and its been 30. What did they thing would happen. Maybe these companies need a tax break.
Their objectives are to make money, not to preserve their infrastructure.
They say it's rusty just to stick it to us at the pump and fatten their wallets. When is the Government going to go to bat for us and put a cap on these greedy b*tches is my question. Next month it will be some new excuse...
Replacing pipelines is a very costly and time consuming process. Also, to replace a section of pipe requires the stopping of the flow through that section. These pipes have been used for over 30 years and the corrosion has occurred through out this time. The oil companies record profits are cyclical at best. Less than three years ago oil was being traded at less than 1/3 of what they are now. 15 years ago, oil was a strong profitable business and the government taxed and trarrifed the business until the profit margins for the oil companies were minimul. Repairs weren't done because the cash for oil companies weren't there... today... the oil companies are making more money.. and only NOW will they have the money to reinvest in their infrastructure and exploration.





Just a another tidbit of information... the government taxes the gasoline you purchase at the pump at a percentage rate. The means that the government is getting over twice the amount from the taxes derrived from the sale of fuel than they used to. If the government was so concerned about the cost of fuel, why doesn't it lower the tax rate to help ease the cost at the pump and return the revenue levels collect from the taxes back to what it was prior to the increase in fuel prices?
LOL, I'm developing their invoicing system for the petrol stations, and I can say the don't spend much money in software neigther, at least the could pay well to their programmers, we have managed to save them from a fine of 10% of their annual income due to irregularities in their reporting system.

lips