On Sat, May 1, 2010 at 1:06 AM, Judah McAuley <[email protected]> wrote:
> > BP might have insurance to cover their cleanup costs and loss of oil > revenue (I don't know) but I think the concern is that this accident > will bring further scrutiny at a time where big business is under > greater pressure than they have been in some time and re-regulatory > zeal is picking up. The public relations damage could be significant > and if it dampened down the drive to increase off shore drilling along > with more substantial regulation of energy trading, safety and > environmental regulations, etc., it could have a material impact on BP > for a longer time period than an accident like this would have in > isolation. > > Judah > > Gotta love the stock market, once this is over, people will buy their stocks again, make money, and forget about this mess. All BP needs to do is work with the EPA and come up with an action plan for cleanup. How about GE, their stock is up to $18 while they failed to perform to EPA standards for the Hudson River Dredging Project in phase 1. Total flop on all accounts, yet GE continues to operate, and their stock price is not effected. http://www.hudsondredging.com/ Great little movie on the home page there that highlights how much they suck at performing their clean up efforts. I'm so glad the Hudson doesn't flow into Saratoga Lake! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Want to reach the ColdFusion community with something they want? Let them know on the House of Fusion mailing lists Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:317047 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
