Somebody please explain to me what will happen

I can't answer your question sorry. But I am confident that there is no chance that is going to happen.

BP's equity alone before the spill was 200 billion. Tack on another 50 billion for Enterpise value and you have a quarter trillion dollar company.

I don't know why people keep asking about BP not having the ability to pay for the spill.

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The responsibility falls back to the other lease operators first (MOEX and Anadarko)

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They had no control of the operation of the well or of the drilling so dont know think they are liable, there is most likely a clause in there contract for this situation. Plus they would go bankrupt in a heart beat, not near as big as BP.

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It is very likely that BP North America will file for bankruptcy protection, to say otherwise is just foolish.

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It is also very likely that I will go to bed wishing I had a unicorn.

Do you really think that they would be granted that protection? (serious question)

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I think so, look what our government did for the banks and the car industry...I have said from the very beginning that BP will come out smelling like a rose and I still stand by that statement.

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^^^ This.

BP might end up paying maybe a billion, maybe close to 5 billion for the very skeleton image of them doing cleanup.

But if you think that fishermen, people who own property on beaches, businesses, anyone who gets screwed from their mess is going to see a dime any sooner than 2020, then, the unicorns are the left.

BP will hire the best lawyers, they will shift their assets to other operations, let BP America fail for asset protection, and they'll act like they didn't do anything wrong.

The fact that the original poster even thinks that there's an option other than bankruptcy for them clearly shows how much they've mastered this game.

As a British friend mentioned to me the other day...come on, this is what the British Empire does best. They go to places they aren't wanted, screw it up beyond repair, and then say, all right old chap, we need to get back to Trafalgar Square.

If anything, this is a GLORIOUS moment for the British. The looked on in amusement as stupid people pretended that they were re-enacting the tea party.

But when it comes to actually protecting your lands against the British. Where are they.

Brits win.

They'll make LOADS of money off of this, global investors will be lining up to invest in whatever the new name BP becomes. Why? Bc they are a company that fricked with America...and got away with it.

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I don't know why people keep asking about BP not having the ability to pay for the spill.

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They have the ability but that doesn't mean they won't try to get out of it. I'm sure they have team of corp. lawyers looking at every legal option to limit their liability.

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But the company still keeps operating and if BP is legally liable for cleanup and such then BP will pay for it even if they are in bankruptcy.

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This might be true.

And even if they are legally liable, there's not a strict deadline on when they have to pay the clean-up costs back.

So yes, they might agree to pay the costs.

And you'll get the check sometime around 2020.

Don't spend it all in one place!