BP’s Super Mega Monster Big Gulp: Over $100 Trillion

"Over the last two weeks hundreds of news articles have appeared in the mainstream news which have suggested that BP is shortly headed into bankruptcy due to the enormous expenditures they will incur cleaning up the Deepwater Horizon oil spill. Just four days ago BP executives agreed to establish a $20 billion escrow account to cover claims for damages from the spill off the gulf coast. And BP’s stock price has dropped roughly fifty percent since the offshore explosion, the price now hovering just over $30 per share."

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