To the best of my ability I write about my experience of the Universe Past, Present and Future
Top 10 Posts This Month
- Musk's antics likely causing Tesla's woes
- Old English "Kenning" means "Whales Road" or the Sea
- We woke up to about 4 inches of snow outside our hotel room
- Measles outbreak surpasses 350 cases and is expected to keep growing
- 'I'm worried it's getting worse': Texas measles outbreak grows as families resist vaccination
- ‘He broke barriers’: One of the last survivors of elite group of paratroopers died. He was 108
- What are the 4 types of Anthropology? begin quote from Google AI:
- When I studied Cultural Anthropology at UCSC I was most interested in understanding cultures especially Tibetan Culture.
- Multistate measles outbreak crosses 450 cases
- Mt. Shasta tourism was the highest ever for winter skiing and such BEFORE Trump was inaugurated
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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