Another expert speaks on BP

[Geardo]

He says BP will file bankruptcy next month.

http://money.cnn.com/2010/06/09/news/companies/simmons_gulf_oil_spill.fortune/

 

[Yrdawg]

A very involved friend made this prediction a month ago, that BP would cut and run

At the least Bobby J should sieze every thing he legally can from BP now.......I'm sayin it's plain something will go wrong, Bankruptcy or whatever.....we better COA now

 

[f350drvr]

First quarter profits for BP were 6.1 Billion. I think they have some time before they file bankruptcy.

 

[themcfarland]

I called it 4 weeks ago on here.. just wait.. its business!!

 

[tigerfan_9]

all of BP is not going bankrupt....if it gets that bad all the have to due is cut and run on the American BP LLC (BP America) which is just one "company" of BP

 

[Rig Magician]

yes but it is my understanding that for them to file for bankruptsie it has to be ruled on by a Judge. I really don't think that will happen.
Mark

 

[Yrdawg]

LOL......it get s worse, even the BP on staff democrats are turnin on them

AP analysis: BP response plans for Gulf spill severely flawed


VENICE (AP)— Professor Peter Lutz is listed in BP’s 2009 response plan for a Gulf of Mexico oil spill as a national wildlife expert. He died in 2005.
Under the heading “sensitive biological resources,” the plan lists marine mammals including walruses, sea otters, sea lions and seals. None lives anywhere near the Gulf.
The names and phone numbers of several Texas A&M University marine life specialists are wrong. So are the numbers for marine mammal stranding network offices in Louisiana and Florida, which are no longer in service.
BP PLC’s 582-page regional spill plan for the Gulf, and its 52-page, site-specific plan for the Deepwater Horizon rig are riddled with omissions and glaring errors, according to an Associated Press analysis that details how BP officials have pretty much been making it up as they go along. The lengthy plans approved by the federal government last year before BP drilled its ill-fated well vastly understate the dangers posed by an uncontrolled leak and vastly overstate the company’s preparedness to deal with one.
Louisiana Gov. Bobby Jindal said Wednesday he was angry and frustrated.
“Look, it’s obvious to everybody in south Louisiana that they didn’t have a plan, they didn’t have an adequate plan to deal with this spill,” Jindal said. “They didn’t anticipate the BOP (blowout preventer) failure. They didn’t anticipate this much oil hitting our coast. From the very first days, they kept telling us, ‘Don’t worry, the oil’s not going to make it to your coast.’ ”
In the spill scenarios detailed in the BP documents, fish, marine mammals and birds escape serious harm; beaches remain pristine; water quality is only a temporary problem. And those are the projections for a leak about 10 times worse than what has been calculated for the ongoing disaster.
Sen. Bill Nelson, a Florida Democrat, said in an e-mail Wednesday to the AP that he and Sen. Barbara Boxer, DCalifornia, have asked for a criminal investigation of some of the company’s claims.


BBL..goin to Fourchon to help with the walrus washin, ya'll come

 

[Parlow]

To file for bankruptcy, don't you need to owe money to creditors? BP has minimal creditors, so how will they be able to file?

 

[Yrdawg]

My guess is "somehow"

Like bailouts, health care, any and all unconstutional ruses' this minustrateshun has produced