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BP May Disappear While Trudging Through Its Own Sludge

Is this the end of BP?The endless oil rising from the floor of the Gulf of Mexico has sunk BP (BP) stock; investors fly away, while the vultures are circling above.

It is sad to learn of BP's poor adherence to basic safety precautions and the conflicts between managers on the drilling rig. It appears from the news reports that have trickled out that this mess was created by more than damaged equipment and poor decisions. The actual decision-making process on the leased Transocean (RIG) platform was faulty from the beginning. Sadly BP is not alone in this regard -- just the most recently exposed.

Continue reading BP May Disappear While Trudging Through Its Own Sludge

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Last updated: May 29, 2012: 12:54 AM

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