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It's unclear if BP can take the hit BlackAdder Send a noteboard - 10/06/2010 03:05:32 AM
If you recall, the whole "financial crisis" was a crisis because banks were in danger of folding. BP can take the hit; the banks couldn't.

That's a really bad analogy you've made...

Their stock is down 50% already and continues to fall. Even worse for Transocean and Anadarko, which are much smaller than BP but still big players in the oil industry. Transocean is the world's largest offshore rig operator and Anadarko is also one of the largest oil producers in the world.

Just today an industry analyst said BP might seek bankruptcy protection within a month. At the rate expenses are piling up for BP, I can see where he's coming from.
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A friend on FB asked why there were no "Save the Gulf" concerts - 09/06/2010 03:13:52 AM 1127 Views
Her complaint is legitimate. Why should the US government help Haitians more than US citizens? - 09/06/2010 04:25:09 AM 741 Views
Re: Her complaint is legitimate. Why should the US government help Haitians more than US citizens? - 09/06/2010 04:31:44 AM 734 Views
There are a lot people struggling right now who really can't afford to wait - 09/06/2010 04:47:26 AM 785 Views
Re: There are a lot people struggling right now who really can't afford to wait - 09/06/2010 05:15:33 AM 861 Views
That wins the award for stupid post of the month. Possibly the year. - 09/06/2010 08:31:18 AM 803 Views
They put you in charge of that award? is it like Miss USA where you pass on the title you hold? - 09/06/2010 08:47:57 AM 802 Views
I sometimes wonder where you lived in Houston. - 09/06/2010 04:24:42 PM 914 Views
Re: I sometimes wonder where you lived in Houston. - 09/06/2010 05:50:53 PM 869 Views
This isn't Karachi. - 10/06/2010 02:04:02 PM 906 Views
Re: This isn't Karachi. - 10/06/2010 03:39:30 PM 886 Views
What a shame then that no one HAS started such a program. - 10/06/2010 04:17:02 PM 858 Views
and eww im not from Karachi - 10/06/2010 03:40:56 PM 770 Views
Maybe. I'm glad to have found a legitimate successor. - 10/06/2010 01:23:56 AM 730 Views
My thoughts exactly. Thanks for posting this. - 09/06/2010 09:13:51 PM 777 Views
President Obama doesn't have the power to stop the oil gushing into the Gulf of Mexico - 09/06/2010 09:46:24 PM 856 Views
Re: President Obama doesn't have the power to stop the oil gushing into the Gulf of Mexico - 09/06/2010 10:03:52 PM 646 Views
So what exactly do you have a problem with? - 09/06/2010 10:14:30 PM 780 Views
well he does have a phone he could have used to call up the BO CEO and chat with him - 09/06/2010 10:42:07 PM 730 Views
You really don't have any credibilty left on this issue. - 10/06/2010 01:56:06 AM 759 Views
you really are a loon - 10/06/2010 05:19:56 AM 901 Views
What's funny is that companies like Haliburton are going to make bank off this disaster - 10/06/2010 06:14:07 AM 638 Views
Also there's Transocean - 10/06/2010 06:49:02 AM 720 Views
yes other evil oil companies stand to profit - 10/06/2010 02:55:33 PM 631 Views
Takes one to know one - 10/06/2010 06:18:54 AM 1027 Views
He said more domestic drilling, not more offshore drilling. *NM* - 10/06/2010 08:25:14 AM 347 Views
The definition of Domestic drilling includes offshore wells. - 10/06/2010 08:32:58 AM 758 Views
You assumed something that was perhaps implied. It still doesn't hold up. *NM* - 10/06/2010 11:17:02 PM 296 Views
Sure it does. - 11/06/2010 10:17:06 AM 1065 Views
all the loons say that and expect it to be true - 10/06/2010 04:15:33 PM 1093 Views
And how would you know that unless you're a loon? - 11/06/2010 10:07:57 AM 1108 Views
This sounds like a good idea - 10/06/2010 06:08:25 AM 782 Views
? - 10/06/2010 04:18:27 PM 692 Views
I agree. - 10/06/2010 04:37:25 AM 635 Views
Give Willie some time! - 09/06/2010 05:30:19 AM 724 Views
Willie is like 108, I am sure how much time he has left - 09/06/2010 03:22:21 PM 798 Views
Regarding the comparison to the financial crisis - 10/06/2010 02:10:44 AM 689 Views
Um, because "Big Oil" is in no danger of failing? - 10/06/2010 02:20:46 AM 651 Views
It's unclear if BP can take the hit - 10/06/2010 03:05:32 AM 636 Views
I actually agree, Free Markets should be cleaning up the oil spill. - 10/06/2010 02:57:09 AM 1034 Views
Re: I actually agree, Free Markets should be cleaning up the oil spill. - 10/06/2010 03:41:34 AM 758 Views
How is this not a bailout? - 10/06/2010 04:15:18 AM 914 Views
If history is any precedent - 10/06/2010 06:18:18 AM 801 Views
The funny thing is... - 10/06/2010 06:28:26 AM 787 Views
yes lets destroy the gulf coast to make a point - 10/06/2010 05:24:12 AM 643 Views
I pray you're being sarcastic here. - 10/06/2010 02:21:17 PM 914 Views

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