In a recent Wall Street Journal article, Raymond James analyst Pavel Molchanov estimated the final cost to BP of the Deep Water Horizon oil spill at $63 billion. Although the company plans to recover nearly $10 billion in US tax credit for losses incurred as a result of the spill, they will still need to raise another $53 billion. Incoming BP CEO Robert Dudley will be charged with selling $30 billion in company assets.
Perhaps BP should follow its company slogan, BEYOND PETROLEUM and diversify. In April 2010, it boasted investments in over a billion dollars of alternative energy projects. But they are going to need a lot more cash to offset their heavy losses in oil for this year. Their clean-up efforts demonstrated a deep connection to the culture and technology of the 1980's. Therefore, I propose selling some retro themed games based on the adventures of their outgoing and incoming CEOs.