Quote:
Originally Posted by lutach
Some are saying BP will file for bankruptcy. Lets see if any Gov. money will go to them.
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I seriously doubt that will come to pass. BP recorded profits last year of something like $61 billion. Lets just say worst case scenerio that this disaster ends up costing BP $5 billion. Sure that is a huge amount of money to most, but that will equal out to less than 5% of last years profits. Hardly puts them into bankruptcy I would think. According to the AP they also have an insurance policy on every rig which pays out $500 million towards any damages or losses in the event of an accident such as this one. So far according to the AP BP has spent nearly $1 billion trying to recitfy the matter. I would think that the tough part in all of this is getting things cleaned up to our satisfaction, which will take a few years of their time and money, and that is once they get the leak stopped however long that takes. BP now says that they will have the leak stopped 100% next week.
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