BP - BP PLC (NYSE) - Page 13

there is too much pressure at that depth.. wouldnt work like that.

this week is the key week for BP

They will try a top kill, which is the LAST RESORT ... besides that other drill rig which is weeks away to punch thru.


I still dont know why the navy didnt get involved...

funny how we live in a "free market" society, when it is in the .gov favor...

Navy does not want their name wrapped up in this crapstorm right now.

they are more able of sealing it with their subs and such than anyone else.

absolutely. but for whatever reason, the white house is allowing the market system to work itself out.

U.S. consumers have ended their relationship with BP after this fiasco.

When the truth comes out, you will learn that it has been one million gallons of oil leaked per day from the beginning. You will learn that BP management insisted that critical safety measures were bypassed for the sake of profit margin just hours before the explosion. You will learn of the cover up that our government officials co-signed on with BP execs to avoid causing a sheer panic by the local populations, and the necessity of BP's use of severely toxic dispersants never before tested for human exposure just to sink the damn oil below the surface to avoid an oil blob the size of Texas from revealing itself to the world. It was all they had readily available. Now that other safer and more effective dispersants have become readily available in the Gulf region, the EPA orders BP to switch. Last week the EPA said it was not within their powers to tell BP what dispersants to use... you guys haven't even scratched the surface of the magnitude of this disaster if you're looking to buy on a dip.

Short to the ground, I may never have to cover.

*disclaimer: all gains from my short position are being funneled to non-profit disaster cleanup efforts.

This is the worst human made natural disaster ever, there is nothing even close to comparison.

Russia used a nuke, should try that.
Small yield

Perhaps you forgot the flood that prompted Noah to build an ark

That's very noble of you. Thank you for doing your part to help.

lol, but that was just water not oil!

Seriously however, i have been watching the news of the spill on CNN since it happened, i find it really outreagous a compagny like BP can't react any quicker i heard their newest solution could take 1-2 months to implement, i mean its already been one month... and they are going to let it leak out for another 2.. After this they better increase offshore drilling regulations massively to avoid something like this ever happening again.

Pretty sad that their monetary interests would supersede environmental safety. They would rather salvage the well than destroy it. With the danger of continuing leakage in tact as they try to repair it.

I noticed that myself. Pretty awesome! Dont know if I could do that.

How low will the stock go? is the question.

Should be interested.

FCUK BP
http://news.yahoo.com/s/ynews/ynews_sc2199

I found an interesting description of the BP situation.

''BP CEO Tony Hayward's three-year mandate to restore BP's image through operational improvements took a body blow as the firm pursues an all-out effort to stop the Macondo oil spill in the Gulf of Mexico. BP may have the cash resources and funding options to cover the costs to stop the oil leak, contain the oil spill, and repair damaged Gulf Coast shorelines. However, it may take years for BP to resolve regulatory and legal issues--and, more importantly, to rebuild its reputation.''

From Morningstar.com

I think this is a very good description of what they will have to deal with, the obama administration wont let this go, this will push stronger reform and they will use BP as the Oil dart board instead of Exxon. Exxon will come out of this as

1) with a much better public image, it also goes directly towards what their commercials dictate

2) With BP down and a little shaky for a while to come it will be Exxon time to move ahead and possibly increase their reserves. Their efficientcy is already incredible as it is.

3) they might also be interesting in expanding their Canadian operations in the oil sands via their Imperial Oil extention in canada.

Longs held onto $37's after Lehman failed, etc... that's where my shorts will cease unless it breaches support.

Today, Man can be proud of his achievements. For the first time in history he has managed to **** up an ENTIRE Ocean.

Respect to teamrider though for doing his part to save humanity's face.

Leaps getting cheap...

i wonder why... they will never recover.

CEO there are going to be illegitimate claims, its America..

I think they are done here with the US.

wish i still had my 43 puts that i sold a few days ago, maybe ill jump in the 40s