[KarlInOhio]

BP has plunged 15% — more than 50% below pre-spill levels. In an article today, Fortune quoted Matt Simmons, oil and gas industry insider: They have about a month before they declare Chapter 11. They’re going to run out of cash from lawsuits, cleanup and other expenses.

Huh? Other than at the initial public offering or stock buybacks, the price of the stock has very little effect on its cost and profits from operations (the reverse isn't true, making profits boosts the stock price). They really haven't spent a lot for the clean up compared to their after-tax profit (over $16 billion in 2009). Are they going to have a rough time and maybe a couple of years where everything that would have been profit goes to the cleanup? Yes, but that isn't bankrupt unless they are abusing the bankruptcy laws to hid from legitimate liabilities.

[WayneS]

...that isn't bankrupt unless they are abusing the bankruptcy laws to hide from legitimate liabilities.

Hmmmmmmmmmm.

[Blood of Tyrants]

I agree. This one well alone will produce $50 million a DAY in income from crude oil for years to come.