To the best of my ability I write about my experience of the Universe Past, Present and Future
Top 10 Posts This Month
- Here's how much ACA premiums would have risen this year without tax subsidies:
- Trump to make announcement with Hegseth on shipbuilding from Mar-a-Lago
- gold has surged 70% since the Start of the Year
- How the global food system is impacting obesity and climate change: Study
- Deputy AG says removing photos from Epstein files has 'nothing to do' with Trump(Sure thing) (ha ha)
- As storms inundated Washington state, federal grants for flood mitigation work sat on hold
- reprint of: My Path to Enlightenment from 2011
- Remembering the treasured films of Rob Reiner
- DOJ sues Illinois' governor over laws protecting immigrants at courthouses and hospitals
- Judge orders plan to return ex-CECOT detainees to U.S. or give them hearings 3H ago
Wednesday, October 28, 2015
Oil
I was just thinking why BP is having financial problems and thought about the big oil spill under the ocean in the Gulf of Mexico a few years ago. All the fines and cleanup and penalties they suffered likely dropped their bottom line now into the red. However, most oil companies likely learned to save for a rainy day, especially after Saudi Arabia dropped the prices the last time in 1989 or therabout which ended the Soviet Union through oil prices then. Even now, Russia only has 1 year left of it's emergency funds of built up oil revenues before they are in trouble too. So, other oil companies likely have emergency funds saved up so they might last longer than BP.
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