This is my prediction. Why else would Ohbummer and Homeless Security ask BP to clearly spell-out its intentions to pay. If it does intend to pay for any and all damages, it's possible the DoJ will freeze said assets as a first lien for taxpayers. If it plans on going to bankruptcy, well, BO and his administration needs to break the bad news to US taxpayers...they're screwed! Not only screwed with a BK, but screw after years of being gouged with high gasoline/oil prices. NICE!
Bp longs think plug the leak and it is over.once the leak is plugged it will be over for bp.they have damned themselves.the price of oil will continue to tank because this spill will put us back into recession.that will drop the price of oil.making it impossible to earn their way out of the billions they are on the hook for.
ANYONE defending a company that has committed wildlife genocide on a grand scale.Has probably committed negligent manslaughter.Has destroyed the livelyhoods and lives of tens of thousands of amricans.Is NOT deserving of any respect.IF YOU WANT TO DEFEND THEM MY STATEMENTS STILL STAND.You can go ahead and tell me about how the nazis were such nice guys and how stalin was just misunderstood.
As far as BP being BK.This will come to pass soon.Oil is tanking.The REVENUE number you quote is not relevant anyway.But will be far lower and more importantly profits will be far lower as oil it going into the crapper.THE RELEVANT THING IS $6 BIL IN CASH.BUT BURNING 1/2 A WEEK.Debt of 32 billion wont help any either.So you do the math.The real cleanup is still ahead so is litigation from millions of people so is economic damages from the govt.They will burn far more than a half bil a week soon.So you do the math.BP IS INSOLVENT IN A FEW MONTHS IF OIL DOESN'T GO LOWER.And that is a best case scenario.They will need a secondary.IF they can get one.