BP damage Claim

Bp has set aside 20 billion dollars to settle any claims due to damages caused by the oil leak, with millions of business that are affected, many fisher men, lobster fishing farmers, cruise boats etc, many of these businesses are loosing thousands of money daily when they are not operating, they have equipment rent expenses, they are purchased goods are rendered useless, no income to pay employees, loss of jobs etc. Will the  20 billion compensation funds be enough to cover all damage expenses? last report about the business affected on cnbc news station has reported that many of these businesses that filled claims are not satisfied as Bp was unable to grant them enough funds to cover the debt they have acquired.

BP Rally despite Oil leak problem

by Funso Oke
BP added to rally today despite all the oil leak problem, the market show BP saw some green today. A lot of people has thought of BP to be close to filling bankruptcy, as the country awaits and expect the oil company to be paying out a lot of funds  in lawsuits and claims. It seem it hasn't affected the company that much, is it that they have some funds in other company that they are using to cover up for the loses? We all don't know, but we know that BP has one of the smartest CEO in the world and we are sure that he is not going to just watch the  company go down under his care, so we will guess that BP has money somewhere in crude oil company or other well publicly traded company that will be making BP money for now.

Has the market turned more national ?

        Most of us investors are now focusing on Stock price more, so much that we distrust in the market, investors are  expressing lack of faith in the market, many analyst are saying otherwise but the fact is you see investors running to types of companies with solid balance sheets. Surprisingly some folks think BP is a buy, even with the Oil leak problem. BP's borrowing plan is now large as they hope to recover from the Oil leak damage, but there is no sign that BP will file bankrupt even though many outsider think the Oil company BP will not survive the next two year. What is your take on this topic?

Boycotting BP Gas Stations

Majority of people following the Oil leak problem are considering boycotting BP gas station. Their are groups protesting against BP as they feel that BP is not proactive enough about fixing the leak. The Oil leaking is now 45days old and we are facing a lot of problems here, Poising, livestock murder, water pollution, and beach pollution. I guess soon we should expect the crude oil to float from the Gulf to the American beaches.  This is the position that BP has the whole world stuck with, every one is looking for an answer from BP. A lot of pressure is on the Obama Government to do something, the republican are take the chance to throw dagger at the Democrats, all media are raising alarms on the Government. Lets remember the Obama administration did not swim down the Gulf to dig a Oil hole there, it was all the greed of BP to generate more income by expanding Oil drilling.
       Above is the overview of the condition and source of the problem with the Oil leak. So should United State boycott or not. Share your view.