Macondo Is Still Making Waves
Anyone who imagines the entirety of big oil as one large consolidated effort conspiring together to make the most money possible at all times hasn't been paying attention to the continuing mud fight going on surrounding last year's offshore Macondo disaster. Multibillion-dollar oil companies continue to square off against one another, wielding threats and lawsuits that could jeopardize their survival.
It has become a complicated legal battle of assigning blame, with the wild card of the Department of Justice ultimately having to decide just how far and how draconian it wishes to be in its pursuit for reparations and punishment. But understanding how this scenario might play out starting in February will not only give us some terrific insight into the future of the corporate participants -- BP (BP), Anadarko (APC), Halliburton (HAL) and Transocean (RIG) -- but of the future of offshore drilling....728 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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