BP STOPS THE OIL FLOW

It is very good news for BP and environment. BP stock has jumped over 30% in last two weeks in anticipation of this news. Now the slow pain starts for BP. There will be thousands of claims and lawsuits, record fines from the government and billions of clean up cost. In addition, the revenue side has also been hit. The energy trading business is in trouble. Deep sea drilling is slowing. my guess BP stock will not perform for years to come.