A
Anonymous
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OK-- If BP- another of the multinational conglomerates that was allowed to get too big to fail- goes broke- will the British bail it out- and pay the huge growing ecological costs that are amounting due to their activities :???:
Or will the US taxpayer get stuck with them :???:
Or will the US taxpayer get stuck with them :???:
BP shares plummet around the world
By David Goldman, staff writer
June 1, 2010: 4:29 PM ET
NEW YORK (CNNMoney.com) -- Shares of BP tumbled in U.S. and overseas stock markets Tuesday after its latest attempt to stop the Gulf of Mexico oil leak failed.
BP's (BP) stock sank 15% in U.S. trading, down $6.40 to $36.55. It also fell 14% on the London Stock Exchange. The British oil giant's stock has plummeted nearly 40% since the Deepwater Horizon oil rig exploded on April 20, losing $74.9 billion of shareholder value. BP's market capitalization fell by $20 billion on Tuesday alone.
BP is a British global energy company which is the third largest energy company and the fourth largest company in the world. As a multinational oil company ("oil major") BP is the UK's largest corporation, with its headquarters in St James's, City of Westminster, London.
BP America's headquarters is in the Two Westlake Park in the Energy Corridor area of Houston, Texas. The company is among the largest private sector energy corporations in the world, and one of the six "supermajors" (vertically integrated private sector oil exploration, natural gas, and petroleum product marketing companies).
The company is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
Oil hits Alabama, Mississippi barrier islands
By The CNN Wire Staff
June 1, 2010 7:57 p.m. EDT
Rust-colored oil washed ashore on barrier islands off Alabama and Mississippi on Tuesday, while more patches of crude offshore appeared to be moving toward those states' coasts, authorities reported.
Researchers scrambled to clean up tar balls and puddles of oil from the beaches of Alabama's Dauphin Island, while a strip of oil about two miles long and three feet wide stretched along Petit Bois Island, about five miles away off Mississippi, Gov. Haley Barbour's office reported.