I was worried about BP surviving -- as opposed to the life in the Gulf being smothered, poisoned, and destroyed.
"BP likely to survive spill, but at a cost; Shares worth $75b less than before disaster" by Chris Kahn, Associated Press | June 2, 2010
NEW YORK — BP is probably sturdy enough to survive the worst oil spill in US history. But investors are shaving billions of dollars off its value with every day that crude gushes into the Gulf of Mexico....
And as oil seeps unchecked into the Gulf, nearby states, businesses, environmental regulators, and injured workers and cleanup crews are eyeing damages that could total billions more....
BP is self-insured, and analysts say it has enough money to pay for the growing calamity without putting the company at risk of bankruptcy.
Most of its legal costs will be spread out over years. The company can also borrow up to $15 billion from various credit lines without overextending debt beyond company targets.
No tight credit there.
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