Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Gib Bogle who wrote (73695)	8/15/2010 4:05:14 AM
From: Maurice Winn	2 Recommendations Read Replies (3) of 74559

Gib, you can now see that I was right about it all. Sure, the cash out the door from BP ended up well into the $billions, but they were robbed blind by all sorts of swindlers in like hungry dogs at a time when BP was not in a position to negotiate better prices for help with avoiding harm from the oil lest they be considered negligent, and wantonly careless at a time of crisis. No doubt the shrimp boaters made more money catching a bit of oil than they did from any shrimp they might have caught. Quite a few $billion have been transferred from BP to clean up and other people involved with the accident. That is an economic gain to the region. The big losers are the BP shareholders [apart from those who were actually killed]. The rest get cash and quite a lot of it. Note that the infamous plumes were nothing [as I wrote all along]. The whole business was a load of mass hysteria. Tony Hayward was right = the spill was small and the ocean huge. Come on, "You were right Mq. I have to hand it to you, you had it right from the beginning". Thanks Gib. Mqurice

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