BP Stock Back To 14 Year Lows As Ken Salazar Says Will Investigate Company's Liberty Drilling Project In Alaska
Bloomberg reporting that Ken Salazar has added to the roster of adverse bullet points that BP bulls will have to refute as they try to offload their underwater shares to ever diminishing greater fools . 'Interior Secretary Ken Salazar said his agency and the new Ocean Energy Management unit will examine BP Plc’s Liberty drilling project, which is three miles off Alaska’s north coast on an artificial island. Salazar said he asked for a review of the project after the New York Times today said is exempt from the offshore drilling moratorum because it sits on an manmade island built by BP."
BP stock not taking this in stride.
The abovereferenced NYT article can be found here.