To the best of my ability I write about my experience of the Universe Past, Present and Future
Top 10 Posts This Month
- Trump to make announcement with Hegseth on shipbuilding from Mar-a-Lago
- Here's how much ACA premiums would have risen this year without tax subsidies:
- How the global food system is impacting obesity and climate change: Study
- quote from Wikipedia: Mark Carney
- gold has surged 70% since the Start of the Year
- As storms inundated Washington state, federal grants for flood mitigation work sat on hold
- Deputy AG says removing photos from Epstein files has 'nothing to do' with Trump(Sure thing) (ha ha)
- reprint of: My Path to Enlightenment from 2011
- is the storm hitting California a pineapple express?
- What is the main weakness of a Subaru 2017 PZEV engine: The Oil Seals and Gaskets. Why? (Part 2)
Tuesday, June 15, 2010
Possible BP Bankruptcy?
Since BP stocks have lost 90 Billion Dollars since the Gulf of Mexico Oil Disaster and because of having to use so much of their cash flow to pay out for oil stoppage and general cleanup, many ratings agencies worldwide don't think BP will be able to weather this and stay in business what with these losses. What this may mean long term is that once BP goes bankrupt or is sold off in pieces there will be no BP to be liable for anything and then the U.S. Government will be left to pick up the pieces, much like with the Bhopal disaster and Union Carbide disaster in India in 1984. In that case several executives of Union Carbide went to jail but the thousands who died and were injured in that disaster mostly were never compensated even a penny. This is beginning to look like Bhopal in that respect once again.
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