by Jan Lundberg, oil industry analyst
|
05 June 2010 |
Culture Change was asked about the impact from the Gulf oil gusher on the price of gasoline in 6 months, 12 months and 18 months from now:
It might be an interesting question for debate, with many
possible opinions. There are too many variables to make forecasts with any
certainty, so prognosticators would have to exclude all but one or
two factors. There are these non-textbook questions: Will hurricanes
wreak havoc? Will there be migration and refugees from the Gulf?
Could a BP bankruptcy result, triggering broader corporate failures?
The dismantling of BP or the massive downsizing and selling off of its assets are possible if criminal penalties plus anticipated fines prove as
devastating for the corporation as its behavior has been for the Gulf of
Mexico. |