Article Image
News Link • Energy

BP bankruptcy ahead? Rivals 'licking their chops'

• Yahoo! News blog
Some have wondered whether BP can financially survive the disaster in the Gulf. Sure, the oil giant is a diverse, international money-making machine, but the Guardian reported Monday that BP had already spent $1.25 billion seven weeks into the oil spill, with no clear end in sight. The company will be dealing with an avalanche of lawsuits for years (a New Orleans attorney told me she expects that some local law school grads will spend the bulk of their careers working on spill-related cases) and the company's stock recently nose-dived. In spite of all this, BP CEO Tony Hayward has repeatedly insisted that his company will see the disaster through until the Gulf Coast is "made whole" again.

Join us on our Social Networks:


Share this page with your friends on your favorite social network: