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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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Re: There are a lot people struggling right now who really can't afford to wait - 09/06/2010 05:15:33 AM 740 Views
That wins the award for stupid post of the month. Possibly the year. - 09/06/2010 08:31:18 AM 678 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 674 Views
I sometimes wonder where you lived in Houston. - 09/06/2010 04:24:42 PM 793 Views
Re: I sometimes wonder where you lived in Houston. - 09/06/2010 05:50:53 PM 730 Views
This isn't Karachi. - 10/06/2010 02:04:02 PM 784 Views
Re: This isn't Karachi. - 10/06/2010 03:39:30 PM 743 Views
What a shame then that no one HAS started such a program. - 10/06/2010 04:17:02 PM 719 Views
and eww im not from Karachi - 10/06/2010 03:40:56 PM 646 Views
Maybe. I'm glad to have found a legitimate successor. - 10/06/2010 01:23:56 AM 610 Views
My thoughts exactly. Thanks for posting this. - 09/06/2010 09:13:51 PM 651 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 727 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 525 Views
So what exactly do you have a problem with? - 09/06/2010 10:14:30 PM 653 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 614 Views
You really don't have any credibilty left on this issue. - 10/06/2010 01:56:06 AM 637 Views
you really are a loon - 10/06/2010 05:19:56 AM 744 Views
What's funny is that companies like Haliburton are going to make bank off this disaster - 10/06/2010 06:14:07 AM 516 Views
Also there's Transocean - 10/06/2010 06:49:02 AM 584 Views
yes other evil oil companies stand to profit - 10/06/2010 02:55:33 PM 482 Views
Takes one to know one - 10/06/2010 06:18:54 AM 899 Views
He said more domestic drilling, not more offshore drilling. *NM* - 10/06/2010 08:25:14 AM 293 Views
The definition of Domestic drilling includes offshore wells. - 10/06/2010 08:32:58 AM 629 Views
You assumed something that was perhaps implied. It still doesn't hold up. *NM* - 10/06/2010 11:17:02 PM 248 Views
Sure it does. - 11/06/2010 10:17:06 AM 936 Views
all the loons say that and expect it to be true - 10/06/2010 04:15:33 PM 932 Views
And how would you know that unless you're a loon? - 11/06/2010 10:07:57 AM 978 Views
This sounds like a good idea - 10/06/2010 06:08:25 AM 667 Views
? - 10/06/2010 04:18:27 PM 550 Views
I agree. - 10/06/2010 04:37:25 AM 525 Views
Give Willie some time! - 09/06/2010 05:30:19 AM 595 Views
Willie is like 108, I am sure how much time he has left - 09/06/2010 03:22:21 PM 667 Views
Regarding the comparison to the financial crisis - 10/06/2010 02:10:44 AM 568 Views
Um, because "Big Oil" is in no danger of failing? - 10/06/2010 02:20:46 AM 535 Views
It's unclear if BP can take the hit - 10/06/2010 03:05:32 AM 500 Views
I actually agree, Free Markets should be cleaning up the oil spill. - 10/06/2010 02:57:09 AM 905 Views
Re: I actually agree, Free Markets should be cleaning up the oil spill. - 10/06/2010 03:41:34 AM 642 Views
How is this not a bailout? - 10/06/2010 04:15:18 AM 791 Views
If history is any precedent - 10/06/2010 06:18:18 AM 677 Views
The funny thing is... - 10/06/2010 06:28:26 AM 655 Views
yes lets destroy the gulf coast to make a point - 10/06/2010 05:24:12 AM 511 Views
I pray you're being sarcastic here. - 10/06/2010 02:21:17 PM 798 Views

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