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If NOAA is correct and this oil gets thrown up the Eastern Seaboard by the Loop Current, they may as well downgrade BP to OMFG and get out.
+1! OMFG is right! It serves those slimy BP bastards right.
"This will destroy JPMorgan's attempts at lobbying for a high BP price so the firm can sell off its residual prop exposure."
So who's JPMorgue gonna screw to make another 90 days of only ++ gains on trades?
As always, rating agencies are just in time, once the shareholders already have had a 50% haircut.
Ahhhh Egan Jones... the good ol' buyside agency.
Been following the "blob" here for a while....service I use for offshore fishing that locates currents and other vital components in the ocean
Yea, they need to let EJ in on the ratings racket. I gave my resume to Sean Egan the other week, but unless they get some new business it seems my resume isn't cutting it...
BP can carve BO a new one, simply by announcing they intend to invoke the 75 million cap on damage. SHTF Wish I had that sort of ace in the hole.
Yesterday PM there was a good 25 mph breeze blowing into shore from the Gulf Stream. Food for thought.
the black swan is over the GoM and about to land
They think they'll be back in business as IMF Carbon Dork Enterprises next year.
This from 'YAHOO':
"METAIRIE, La. (AP) -- BP sliced off a pipe with giant shears Thursday in the latest bid to curtail the worst spill in U.S. history, but the cut was jagged and placing a cap over the gusher will now be more challenging."
So, they really do have no freaking clue.
If there is a way for them to wall off BP America from the rest of BP,
I'll bet they are working to do just that.
Let BP America sink, and go on to other places with BP World.
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