The American public and the world are witnessing the worst environmental disaster in U.S. history unfold in the Gulf of Mexico. Investors are deserting BP. All along the coast of the Gulf of Mexico seafood businesses, shrimpers, oystermen, the tourism industry and drilling crews that have been put out of work because of the oil spill at Deepwater Horizon all want money from BP.
BP has become poison to its own industry. Experts in the oil industry are now secretly wondering how long BP can sustain not only the cost of the clean up but also the years of litigation that will come from the thousands of lawsuits that are only now beginning to be filed in court.
Many in the oil industry feel that Chapter 11 bankruptcy for BP is only weeks away.
Don’t miss an issue of the Pittsburgh Flash Fiction Gazette. Have The Gazette delivered to your inbox. The free subscription tab is at the top of the page.
Filed under: News | Tagged: American public, bankruptcy, BP, clean up, Deepwater Horizon, drilling crews, environmental disaster, filed in court, free subscription, Gulf of Mexico, inbox, investors, lawsuits, litigation, money, news, oil industry, oil spill, oystermen, Pittsburgh Flash Fiction Gazette, seafood businesses, short story ideas, shrimpers, tourism industry, US history | Leave a Comment »