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The future of BP

Discussion in 'Shares' started by Johny_come_lately, 1st Jun, 2010.

  1. Johny_come_lately

    Johny_come_lately Well-Known Member

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    SE Queensland
    Hi,

    The American oil spill may not be stopped, for 3 months. It is now the country's worst man made disaster. The scale of the oil slick goes beyond US borders, destroying marine habitat. :mad:

    But what of BP? Will this cripple them? The cleanup could take years. There goes shareholders dividends. Who pay the bill? :confused::confused:





    Johny.
     
  2. Tropo

    Tropo Well-Known Member

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  3. Tropo

    Tropo Well-Known Member

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    I can plug oil leak, says NY genius

    BP's engineers can't stop the gushing oil spill, but a young genius from Long Island says she found the solution in less time than it takes most people to finish a crossword puzzle.
    Since the "top kill," "junk shot" and "top hat" techniques failed to end the environmental nightmare, Alia Sabur -- who started her engineering Ph.D. at age 14 -- is pushing for a more radical idea.
    The Northport native, who started reading before she could walk and who at 18 broke a 300-year-old record to become the youngest-ever college professor, proposes surrounding a pipe with deflated automobile tires, inserting it into the leaking riser, and then inflating the wheels to form a seal.
    more...Long Island genius Alia Sabur offers solution to Gulf oil spill mess - NYPOST.com
     
  4. Tropo

    Tropo Well-Known Member

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    BP Spill Shows a Profit Buying 2018 Oil, Selling Spot

    June 7 (Bloomberg) -- The oil market is signaling that prices have nowhere to go but up as the biggest spill in U.S. history curbs drilling and makes it more expensive to develop new fields.

    BP shares have collapsed, losing 33 percent of their value since April 19 amid mounting costs of the clean-up and damage to the company’s reputation.
    The slump has been felt across the industry, leading to a 14 percent decline so far this year in the MSCI World Energy index.
    more... BP Spill Shows a Profit Buying 2018 Oil, Selling Spot (Update1) - Bloomberg.com