A number I have heard thrown around about the Oil Companies is their total Transportation budget....Tankers, Trucks, Gulfstream jets, Helicopters, limo's....is 2% of their total operating costs. If we consider the helicopter costs out of that 2% budget....knowing how small that amount is compared to all the other Transportation modes....we are not really talking about a huge amount of budget. Assume just a 10% increase in "helicopter" costs....that remains a small up tick in the total transportation cost.
Rex Tillerson, Head Wallah at EXXON, last year pulled down a cool 35 Million Dollars in Compensation......so that should put things into perspective a bit.
The EXXON Annual Report for 2012 reported an After Tax Earnings of 44.88 Billion Dollars.
I suggest there is some room for spending a bit more on helicopter safety if they really cared to do so.
That is just one Oil Company mind you.
2013 may not be as good as 2012.....
