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Oil is still leaking into the gulf.
And BP is still -- -- some numbers for you.
So far the company gets paid out 128.
Million dollars in claims the government sent the company a bill for nearly 71 million.
For cleanup costs.
Meanwhile their own cleanup efforts have reached a staggering 100 billion dollars a day.
Total now two point 65 billion dollars so far not to mention the money that BP.
-- to the gulf states for tourism advertising.
Fox's Jonathan cherry picks up the story now from Pensacola Florida where the tourism business Jonathan is certainly taking a big -- I think.
It certainly is in fact that want to bring in Mike -- -- he's a small business owner here in fact might appear that we see behind you.
You actually -- the contract to run this as well as owning a local restaurant -- -- -- that tell me about the impact on tourism that the oil spill -- It really has been devastating I mean I know that some people are saying that there's people in hotels and different things like that.
But it overall -- condos -- and everything we've just we're just not -- those rooms.
And so it's been devastating my -- business is down 67%.
At this point.
They went to a catch and release.
Situation which you know -- fishing is not sport -- people are facing the and so therefore my business -- dropped -- 60% -- and just in that area and it's a different.
Type of clientele a lot of media a lot of cleanup workers they have a different agenda than fishing or.
Hanging out at resort right absolutely and I think -- and so -- -- on the boardwalk.
And our business there -- doing well during the day for lunch.
From the locals coming now what we're not getting that dinner business where they're coming in and -- -- taking -- come back out for dinner.
And also the BP workers they're not I guess they're not.
Allowed to eat out here they they get on the bus and -- Get transfered out and so I don't know where they go but.
You know basically our businesses dropped off considerably.
And so where were -- were feeling the brunt of it right now this is it's hurt us to tell me about the efforts to bring tourists back.
To this part of Florida what what's being done well you know -- far as governor Charlie Crist.
He's he's done a lot and -- -- -- -- and things like that for the local.
Advertising agencies and so basically what they're trying to do what -- basically everything -- Is the truth -- be an honest we've got to get some oil we'll get that cleaned up were -- in the water tests.
To make sure that there's no health issues or anything of that nature.
In the water.
We also have the -- -- we're on -- island so we also have a bay surrounding us so it it's something.
Happened in the gulf and you were here on vacation.
I think the -- everybody's trying to work with you and I think that we can also offer you.
The day it this way am I mean this is it's not it's just not as bad as is is then being made out today -- -- you could get our beaches -- prestige.
All right Mike and zone thank you very much for your time and best of luck to you.
And with that we're gonna send it back to New York John authoritarian Darian is in Pensacola -- -- -- -- out of -- also spent a lot of time down in the gulf covering the stories with us here.
In New York today talking about how all this affects -- -- because you just spending this much money per day Adam at some point I guess you run out.
You run out but really you know BP is estimated -- going to be able to stop this oil leak at the latest in August with the -- relief -- that they're drilling.
One of those relief wells is just within a couple hundred feet of actually intercepting the leaking well -- The second relief well is down about 121000 feet but the bottom line is the cost of it 100 million dollars -- day as you reported two point six billion already spent on that.
And that doesn't cover the twenty billion that eventually BP over the next several years.
Will be placing into the escrow account the share price today we have a -- mortar on screen we can pull up.
-- shares actually trading up today I still -- -- today BP is down almost 50%.
Even Ken Feinberg the claims czar came out and said over the weekend it would serve nobody any good.
To push BP into bankruptcy but a lot of people the bankruptcy discussion got started almost two months ago.
When Tony Hayward actually held an investor conference call.
And he talked to then about establishing and this was a quote a standalone entity in the United States.
To deal with the cleanup and this -- process in the Gulf of Mexico it was then a while ago when he announced Bob Dudley would be in charge of that.
-- you had in play this creation of a quote standalone entity.
Yet people starting to talk about bankruptcy have to costs escalating and yet people sorting BP stock and now you have Ken Feinberg saying it's there's nobody out purpose to push the -- -- I think is interest in his last Jonathan about it real quick is that as Adam says it's not necessarily any interest to people down where you are Jonathan for BP to be forced into some sort of a bankruptcy proceeding because these people wanna get paid.
How -- they feel about the interaction with the company.
Yeah absolutely they want to make sure that the company company -- stays healthy enough that they get their their reimbursement.
Mike I want to bring you back in tell me about the BP claims process how smoothly.
Hasn't been going.
Really dictate the truth and sent Obama -- came there are areas think there has been a third parties put in place I think that is gonna go a lot smoother.
But the problem is is what they're trying to do -- they're trying to primary.
Three years together and do -- percentage -- that.
Does not work for small businesses we built our business it year by year by year we have increases each year and it just wouldn't be fair reasonable.
-- to accept the fact that you're trying to take three years and put it together again it just doesn't work for us.
Thanks again and also another concern that these small business owners all up and down the costar are expressing his that they need their -- then.
Quickly they can't be strung along for a long period of time because they don't have these huge cash reserves and all along this part of Florida through the Alabama coast to Louisiana.
We're not talking about big chains along the coast we're talking about largely mom and pop businesses I want no Liz thank you John --
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