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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Bearcatbob who wrote (134960)	6/15/2010 7:39:54 AM
From: carranza2	Read Replies (1) \| Respond to of 206184

BK is an interesting option for BP Americas but not one I think it would seriously consider. Some advantages: all litigation would be stayed until the BK judge allows it to go forward. Some disadvantages: A reorganization petition would put its operations under court supervision. Earnings flowing from BPA to BP would probably cease. A BK of this magnitude would have serious consequences, not all foreseeable.

To: Bearcatbob who wrote (134960)	6/15/2010 12:14:37 PM
From: Elroy Jetson	1 Recommendation Respond to of 206184

The oil and gas industry cannot allow their business to be jeopardized by groups of radical anti-government activists who are opposed to regulation of pirate organizations like BP. Both Chevron and Exxon have made it clear that the decisions which were made on the BP Deepwater Explorer fell well outside of standard industry practice. Neither company has any objection to government oversight to enforce these standard practices, and strongly suggest these regulators have the power to root out operators who cannot or will not operate by the rules. Political nut-jobs and slip-shod operators do not represent the best interests of the majority of the oil and gas industry. .