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IPFS News Link • Economy - Economics USA

BofA: "Conservative" Estimate Is That Deepwater Will Cost BP $28 BILLION

Analysts at Bank of America/Merrill Lynch are out with a new, thorough report on BP and the effect of the Deepwater Horizon disaster. There's a lot in this that we'll keep mining through, but we thought we'd present what the firm sees as its most conservative base-case scenario for costs.

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Comment by Die Daily
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Weren't their first quarter profits this year $30 billion? So what, they get to spend three months profits and then walk?

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