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BP Bites the Bullet – Analyzing the Full Cost of the Gulf Oil Spill

The Exxon Valdez dumped 260,000 barrels of oil off the coast of Alaska, and ExxonMobil Corp. (NYSE: XOM) ended up spending about $4 billion in the wake of that disaster. That means Exxon spent nearly 600 times more on cleanup and litigation than what the oil was actually worth at that time. So how much [...]

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Sell, baby, sell!

The bubbling crude has been rising since October — price that is. As people are cranking up their heat and energy outputs for the winter months, it’s no surprise that there are profits to be made. However, over the long haul (and even recently), companies who live and die by the drill have been coming [...]