BP Raising $50 Billion to Pay for Oil Spill
BP is planning to raise $50 billion to cover its unquantifiable liabilities in the Gulf of Mexico oil spill, according to a reports...Full Story
#1 Jun 21, 2010
#2 Jun 21, 2010
This should not be tax free money. They need to pay taxes on it. Oh, darn I am forgetting they are too big to pay taxes anyway.
#3 Jun 21, 2010
I wonder if 1 million of that will be from Obama returning his donations that he took from BP.
Since: Apr 07
Fort Campbell, TN
#4 Jun 21, 2010
They are going to need a lot more than that.
A Deadly Bubble?
This thing has every intention of lasting years if not centuries. There is a very good possibility that if or when this thing blows it will wipe the entire state of Florida completely off of the map as a gigantic tsunami could very well be created from such a deep sea bubble bursting.
It is said to be 15 to 20 miles across and has risen some 4 miles off of the sea floor since the spill first started. That sounds like several cubic tons of pressure building up down there. If this is from one well just imaging what will happen once the second and third wells are drilled.
TOXIC ALERT BP Death Clouds Have Come Onshore Benzene 3400ppb Hyrdrogen Sulfide 1200ppb
If or when this thing blows it could very well kill millions of people all along the Gulf Coast.
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