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To: Scanian

If they can keep those 41 cats in line, they prolly can.

*fingers crossed*


12 posted on 06/07/2010 5:06:49 AM PDT by Daisyjane69 (Michael Reagan: "Welcome back, Dad, even if you're wearing a dress and bearing children this time)
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To: Daisyjane69

BP is not going to require a bailout because of the costs associated with this spill, a company like BP is in far more danger from falling oil prices than from even large costs associated with the accidental release of oil, for example BP’s replacement cost profit dropped from $25 billion in 2008 to $14 billion in 2009.

OTOH short of global economic catastrophe BP does not have to worry about a collapse of demand for it’s product - it is assured of long-term profitability.

So even if this event ends up costing BP $10-20 billion dollars, this would be a manageable cost compared to likely profits, especially as those costs would be spread out over perhaps as long as 10 to 15 years.


14 posted on 06/07/2010 5:25:19 AM PDT by M. Dodge Thomas
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