From a business standpoint, the oil spill isn't a big deal. BP has plenty of money to cap the well, clean up the oil, and pay off the people affected. The stock price already reflects this.
However, in Obama's America, any company is now fair game for a government takeover. There's too much uncertainty over what the control freaks in Washington are going to do. They might just destroy the company for revenge.
So don't invest in BP unless you're willing to lose all of that money.
|