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Discussion Boards => Off-Topic => Topic started by: martinbastin on June 01, 2010, 08:02:02 am

Title: Do You Think BP Will Go Bankrupt?
Post by: martinbastin on June 01, 2010, 08:02:02 am
I think the costs will ultimately destroy the BP oil company and it will go under.
Title: Re: Do You Think BP Will Go Bankrupt?
Post by: lynnc35 on June 01, 2010, 10:54:58 am
I can see this happening, I think it would take alot to pull this one out. It is sad to see, but now that the president, put all the blame on them and of course none on the actual government of course, they really were hung out to dry.
Title: Re: Do You Think BP Will Go Bankrupt?
Post by: mrisha on June 01, 2010, 11:50:19 am
BP may lose a lot of money, lay people off, stop giving out million dollar bonuses but they will never go out of business.  Having money is just too powerful and some one or some country will probably bail them out of this mess.
Title: Re: Do You Think BP Will Go Bankrupt?
Post by: taraminnig on June 01, 2010, 11:52:12 am
It sure looks like they will. All I know is they need to get on the ball with getting this mess cleaned up. They got the pipes down there how come they can not get it contained?
Title: Re: Do You Think BP Will Go Bankrupt?
Post by: makedoughonline on June 02, 2010, 10:08:05 pm
I don't think so.
Title: Re: Do You Think BP Will Go Bankrupt?
Post by: BeccaGoga on June 02, 2010, 10:48:43 pm
It's acutally hard to tell at this point. Things are bad now, but they can only get worse with the hurricane season starting up. The way I see it is if the gets as bad as some of the predictions I've heard then BP will most likely go under, but at this point I can see them shutting down a lot of their refineries and stations around the globe, but not all of them. From the ones that they do keep open they will regroup there company.
Title: Re: Do You Think BP Will Go Bankrupt?
Post by: smileycoop on June 03, 2010, 05:33:47 am
Not sure... I think it's truly a toss up.
Title: Re: Do You Think BP Will Go Bankrupt?
Post by: Hafapea on June 03, 2010, 07:56:08 am
It would be the least that they deserve...
Title: Re: Do You Think BP Will Go Bankrupt?
Post by: texan190 on June 03, 2010, 08:15:28 am
They will have fines up the wazoo after it is all said and done, but I don't think they will go bankrupt. Its more the aftermath I'm more worried about. Now that this has happened, its all the what the liberals need to push for more restrictive drilling every where. I'm sure there will also be useless taxing on the companies themselves which will of course be passed onto the consumer. It was BP's fault completely. Does some blame go to the gov't? Maybe, but that remains to be seen. I don't think blaming the gov't for this does any good. Accidents like this are few. Just think of all the drilling rigs out in the gulf or even on land.
Title: Re: Do You Think BP Will Go Bankrupt?
Post by: Storm61115 on June 03, 2010, 09:08:27 pm
yeah maybe. we will see wont we. they caused this mess coz theywere being careless coz they were greedy. now they cant fix it. wtf!
Title: Re: Do You Think BP Will Go Bankrupt?
Post by: yaayme on June 04, 2010, 07:36:18 am
I hope so...heard they are a foreign company anyway...How did a foreign company get permission to syphon oil from off our shore's anyway? I don't understand how this whole thing work's. ???
Title: Re: Do You Think BP Will Go Bankrupt?
Post by: dmalsbury on June 04, 2010, 08:25:31 am
seeing those pelican covered in oil was sad!!!
Title: Re: Do You Think BP Will Go Bankrupt?
Post by: dealdeal1 on June 04, 2010, 10:35:29 am
Bp might be on the edge of going under but I don't think they will.
They have insurance just like you and I, and they are covered if a malfuction in the alarm caused the explosion which in turn caused the well to rupture. CYA has always been the policy of big business. 
Title: Re: Do You Think BP Will Go Bankrupt?
Post by: rj4tr on June 04, 2010, 07:48:57 pm
I think the costs will ultimately destroy the BP oil company and it will go under.
I think they will. Lawsuits?
Title: Re: Do You Think BP Will Go Bankrupt?
Post by: thetotalfool on June 05, 2010, 03:38:21 am
I don't think it will hurt BP too badly.  It will probably take years to work through courts, and by then only coastal people will still be angry.

It's very sad.
Title: Re: Do You Think BP Will Go Bankrupt?
Post by: muush88 on June 05, 2010, 05:40:10 am
seeing those pelican covered in oil was sad!!!


Very sad, someone deserves jail time just for that picture of the pelican, not to mention the 11 people who died in the explosion.   BP has very deep pockets  i dont think its gonna hurt them as much as it hurts everyone and everything else. 
Title: Re: Do You Think BP Will Go Bankrupt?
Post by: rcbrad on June 05, 2010, 06:00:58 am
I am not so sure that they will go under.  Surely this is a serious blow to the company.  Let's not forget the billions and billions of dollars that they have made in profits.   The money made in profits will take care of much of their responsibilities in cleaning up this mess.  It will be interesting to see how this plays out?  There is a possibility of criminal charges here.
Title: Re: Do You Think BP Will Go Bankrupt?
Post by: lighthouse68 on June 05, 2010, 06:13:38 am
It could very possibly happen. But why does it have to take so long to fix this. It is all the way to Florida. What happens if it goes further?  A lot of water and waterlife will be destroyed. Fix it already!
Title: Re: Do You Think BP Will Go Bankrupt?
Post by: melissymoo on June 05, 2010, 06:15:33 am
i not only think they will  i hope they do  poor  fish and birds . :sad1:
Title: Re: Do You Think BP Will Go Bankrupt?
Post by: klkwid on June 05, 2010, 07:26:35 am
I think that BP probably has deep enough pockets that they can make this go away.  I think they're trying to do as much as they can for publicity damage control right now-if they play their cards right, they can probably turn it around to make it look like they are sooooo soooorry about all this and they're doing eeeeeverything they caaaan to make it better.  People tend to buy that sort of thing. 
I certainly don't think they caused this disaster on purpose, but I think that it is their duty to clean it up!!! 
Title: Re: Do You Think BP Will Go Bankrupt?
Post by: pattypingle on June 05, 2010, 08:40:19 am
I am sure if not completely will sell out, cost of cleanup plus lawsuits etc will be extremely high and thats why we don't hear alot from bp
Title: Re: Do You Think BP Will Go Bankrupt?
Post by: bschumacher on June 05, 2010, 11:48:43 am
It better not go bankrupt before it pays for all the damage it has caused. After that, I hope it crashes and burns.
Title: Re: Do You Think BP Will Go Bankrupt?
Post by: martinbastin on June 06, 2010, 10:34:21 am
At this time, the govt rules say they will only be responsible for 75million for damages. That is the cap any oil co has to pay. Sad, but true.