Fri, Sep 19, 2014, 3:01 AM EDT - U.S. Markets open in 6 hrs 29 mins

Recent

% | $
Quotes you view appear here for quick access.

BP p.l.c. Message Board

  • jasonstuttgart jasonstuttgart Jun 1, 2010 10:45 AM Flag

    NO comparison between this spill and Alaska-

    Anyone know the population of the entire state of alaska in 1989 for exxon valdez spill? 400,000. Anyone know the population in the affected area? 75,000. Multiply this spills affected population by 10 compared to exxons and add the shorelines of 2 more states. The temperature made the oil coagulate much better and the cleanup was easier. The amount Exxon paid was in 1989 so adjust for inflation. The exxon spill was much smaller than this as well. There is no comparison between these spills. Adjusting for everything mentioned above it is fair to assume BP will end up paying 25B to 50B.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I'm calculating a best case scenario for BP of about 15 billion. However, some of that will be shared with transocean and others. I think some of it depends on where the very large fine is allocated and whether the relief well hits on the first try.

      I've read accounts of the ixtoc that suggest 3 months is an EXTREMELY aggressive schedule to get a relief well drilled and operational. I'm discounting all the other solutions because I don't think they will work and may even make things worse.

      The really big unknown right now is how much economic damage BP will be on the hook for. In some ways that number could potentially be enough to bankrupt 10 BPs. If BP is literally expected to support the Gulf coast (tourism, fishing, etc) until all this is cleaned up it will obviously bankrupt them. It is not hard at all to imagine that this relief well takes as long as ixtoc and this leak continues well into 2011. By that time it is foregone conclusion that every marsh and wetland in the area will be a wasteland.

      BP is a falling knife.

    • Are you saying there will be more people to clean up the tar?

    • Wanna bet? At the most BP the cost to BP will be $5B and even that is probably high.

    • You forgot to mention Exxon did not inject chemicals into it to create a heavier than water 2 mile long blob working its way to shore from 5,000 ft down.

    • Different, higher level culpability in case of British Poison.

 
BP
46.42+0.19(+0.41%)Sep 18 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Oracle Corporation
NYSEThu, Sep 18, 2014 4:04 PM EDT
Concur Technologies, Inc.
NasdaqGSThu, Sep 18, 2014 4:00 PM EDT
Rite Aid Corporation
NYSEThu, Sep 18, 2014 4:02 PM EDT