Posts tagged as:

BP

As if it wasn’t bad enough that BP is probably going to suspend its dividend if it can’t plug the leak, there will be all kinds of charges and damages awarded to BP, but possibly also to Halliburton or TransOcean once this disaster comes full sweep.
Those who follow me on Twitter know that I’m not [...]

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The Deepwater Horizon oil catastrophe may soon start to effects of the oil leak spilling over onto the world economy.  Before this happens, though, BP share prices are going to continue to decline and the valuations of most Brits’ pension funds are going to drop, since BP comprises a majority holding in most UK indexes.
BP [...]

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Estimates suggest the Deepwater Horizon oilspill has already cost BP plc about one billion pounds.  This does not even take into consideration total clean up costs going forward if the leak were to somehow suddenly stop right now.
But so far we haven’t heard much about the wider economic effects that the Deepwater environmental disaster will [...]

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