Yeah... this is a short diary... so sue me!
Every day we see more crappy headlines blowing holes in the narrative being shucked by Bp and the good Admiral. This one made me sick to my stomach.
continued at Daily Kos....
Showing posts with label oil rig. Show all posts
Showing posts with label oil rig. Show all posts
Tuesday, August 24, 2010
Thursday, June 3, 2010
Oil rig insurance up, BP credit rating down
by Cedwyn
First off, everyone worried about BP's pension obligations to former employees can breathe a sigh of relief; expert consensus seems to be that BP has the bankroll to survive this. If they heed the calls from Congress and elsewhere to forgo their $10 billion dividend payment, they probably will be fine for covering expenses. Then again, no one appears able to agree on just what the total costs will be, especially since that's a function of just how much oil is leaked. Hayward fantasizes that clean-up costs will be in the neighborhood of $3.5 billion. * snigger * Other analysts at Credit Suisse estimate closer to $15-23 billion, with another $23 billion in compensation claims. There is agreement, though, that BP will come through this. The question is, in what condition?
continued at Daily Kos....
First off, everyone worried about BP's pension obligations to former employees can breathe a sigh of relief; expert consensus seems to be that BP has the bankroll to survive this. If they heed the calls from Congress and elsewhere to forgo their $10 billion dividend payment, they probably will be fine for covering expenses. Then again, no one appears able to agree on just what the total costs will be, especially since that's a function of just how much oil is leaked. Hayward fantasizes that clean-up costs will be in the neighborhood of $3.5 billion. * snigger * Other analysts at Credit Suisse estimate closer to $15-23 billion, with another $23 billion in compensation claims. There is agreement, though, that BP will come through this. The question is, in what condition?
continued at Daily Kos....
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