Despite Deepwater, Deep Pentagon Pockets for BP
If
you think BP Plc. is faring poorly after the Gulf of Mexico oil spill
and its subsequent suspension from government contracts, consider this:
its Pentagon contracts had already doubled since the Deepwater Horizon
disaster.According to Bloomberg, BP (NYSE: BP) won $1.04 billion in
Pentagon contracts in fiscal year 2010 and $2.51 billion in fiscal year
2011. In November 2012, it was suspended from further government
contracts. Essentially, then the Pentagon felt the coming punishment
and in the meantime, ensured a fast-tracking of BP contracts…Read more...http://oilprice.com/Energy/Energy-General/Despite-Deepwater-Deep-Pentagon-Pockets-for-BP.html
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