Associated Press | Shares of BP bounced off a 14-year low Thursday as the oil giant assured investors that it can deal with the cost of the giant oil spill in the Gulf of Mexico.
Get the full story: BP shares rebound from 14-year low.
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Of course they can deal with the cost of the oil spill clean-up effort. That’s pretty easy to do when you have been gouging consumers for years on the price of oil, and when you fight claims you receive related to the oil spill. I never understood why their stock took such a beating in the first place.
We know they have the money. Our concern is how they use it.