Exxon Valdez South?

“Chutzpah” – standard definition: killing your parents, then throwing yourself upon the mercy of the court because you’re an orphan.

“Chutzpah” – oil company version: negligently spilling millions of barrels of crude into the Gulf of Mexico, then raising prices at the pump because of the resulting shortage.

Other random thoughts about the BP oil spill:

–Defending lawsuits — especially ones likely to span decades — are expensive. How nice to be able to raise your prices to help defray that (future) cost.

–Instantaneously raising prices at the pump all over the Twin Cities (they’re up about 25 cents overnight) would make economic sense if the oil actually came from the Gulf of Mexico.

But it doesn’t.

Practically all the gas sold in Minnesota comes from . . . Canada.
About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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