BP spill costs could reach $37 billion: analyst (marketwatch)

[Statistical]

LONDON (MarketWatch) -- BP's (BP 37.39, +0.87, +2.38%) Gulf of Mexico spill-related costs could reach $37 billion -- between $15 billion and $23 billion for clean-up costs and another $14 billion in claims, according to Credit Suisse. That would absorb three years of BP's free cashflow after dividends and capital spending, assuming $80 a barrel oil, and require a 10% rise in its debt-to-equity levels, the broker said. Credit Suisse cut BP's price target to 560 pence ($49 per U.S.-listed share) from 685 pence.

http://www.marketwatch.com/story/bp-spill-costs-could-reach-37-billion-analyst-2010-06-02

[no_hypocrisy]

1. That's how much it would cost TODAY.

The damages are just as likely to be capped as the gusher today.

[aquart]

2. They're lowballing it.

[Captain Hilts]

3. A clean Gulf of Mexico...Priceless. nt

[metapunditedgy]

4. For every $5M in damage, an executive should spend a year in prison.

I mean, how much prison time would I get if I damaged $5M worth of something?