Sunday, December 08, 2013 10:45:24 PM
The Gulf of Mexico Is Back in Business
By Bob Ciura | More Articles
November 30, 2013 | Comments (0)
Energy investors remember the 2010 Gulf of Mexico spill all too well, and the resulting fallout. Integrated major BP (NYSE: BP ) was nearly brought to its knees by tens of billions of dollars in penalties, with further damage likely as a result of the ongoing civil trial. At the time, it seemed oil production in the Gulf of Mexico would be irreparably harmed. But, in a stunning turn, the Gulf of Mexico isn't just back, it's thriving.
Oil production in the Gulf of Mexico is now proceeding full throttle, which means great things not just for BP, but other big oil players as well.
http://www.fool.com/investing/general/2013/11/30/how-to-profit-from-the-gulf-of-mexico-being-back-i.aspx
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