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It appears that way. So you know how BP and various others have been trying to sell us on the idea that the gargantuan oil plume in the Gulf of Mexico had somehow magically disappeared? Well, now some Berkeley scientists have confirmed that this actually may be happening, but it isn’t magic. A newly discovered [...]
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Guess which company the blue line represents? Says CanOils Database (from which the image comes via press release): BP stands out with its spectacular $17 billion reported loss in the second quarter, and even if we look at its underlying performance by removing the effects of non-recurring items, growth in adjusted earnings was just 15% [...]
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Newsweek has created a great slideshow illuminating some staggering numbers about the Gulf of Mexico oil spill. I suggest you head over there and read it in full as they include insightful synopses/explanations of each, but these were the few figures I found the most interesting: Time it would take the United States to use [...]
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If forecasters were attempting to gauge the worst disasters that could happen, a major oil spill gushing for some 90-plus days into the Gulf of Mexico would probably have rated fairly high. By some estimates, this whole mess will cost BP around $60 billion. (Other, more conservative estimates have it costing closer to 1/10th that [...]
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