BP bankruptcy is a real fear
~Mark Moseley, The Lens
~Editilla doesn't believe it for 1 Cockney Second.
Such an idea smells rotten like a can of Valdez Herring redder than the Queen's Petticoat. When is the last time anyone had a can of Valdez Herring? Not since Exxon destroyed the catch! Cha'Ching! Is Exxon Bankrupt? Nooooo.
We believe it behooves BP to grossly Overstate their costs in this Drilling Failure. It serves them on a number of levels, the least being Settlements/Fines/Penalties based on barrels spilled, number of animals killed and miles of coastline impacted. They have "barrels spilled" under control with the use of Dispersant, to wit: who knows now as they grossly understated the Flow Rate from the beginning. They have the "number of animals killed" under control because their crews are burning them and even collecting them off of beaches. "Miles of coastline impacted" is fairly under control with the Dispersant, Coast Guard Collusion and PR Advertising.
BP says now they have spent $2.5 B on this Eruption, yet not one reporter has asked them: "Oh yeah? Where?"
This will not be a bankruptcy but a Short Change. These Assholes just want to "Walk on their Tab" after trashing the bar.
Click to Enlarge ~Special thanks~Infrastructurist
~BP US Pipelines and Logistics ~Pipeline Assets
BP, Bayous and Byways: Dispatches from the Gulf Coast
BP Oil Gusher has changed everything, residents say
James Carville-Beyond Rogue ~Gambit
Modern Pirate Demands: Respirators for Fishermen Now! End the use of Corexit 9500! ~Plutonian Mac
Country's top chefs visit Grand Isle to back Gulf seafood