Matt Simmons says BP will file bankruptcy within a month
That’s going to hurt oversees. A lot of UK press right now about how unhappy they are with Bambro’s attempt to essentially bankrupt them. UK teacher, police and fire retirement funds are dependent on BP.
Bankrupt companies don't have lots of resources to do a clean up. They also tend to start shutting down things that cost money...like their gas stations. The reduced supply of gas will likely push prices up.