Which way forwards for BP?

Jul 10, 2010 English 1st Paragraph

Which way forwards for BP? In June, financial markets were briefly pricing a bankruptcy of BP in the next five years as an odds-on probability as a result of the ongoing oil spill in the Gulf of Mexico. Things are not so bad now…

Read this on the BBC.

  • When a company goes bankrupt, it loses money and cannot pay its debts and stay in business.
  • Odds-on means very probable.
  • If something is ongoing, it continues to happen.
  • If you spill a liquid, for example coffee, you pour it onto the table, your shirt, the carpet etc accidentally. An oil spill is when oil pours into the sea from a tanker or pipeline because of an accident.

Tags: , , , , ,

This entry was posted on Saturday, July 10th, 2010 at 8:30 am . You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Leave a Reply

You must be logged in to post a comment.