White House says BP has the cash to cover Gulf costs

ABOARD AIR FORCE ONE, June 15 (BestGrowthStock) – The White House
said on Tuesday it was confident British energy giant BP (BP.L: )
had sufficient money to cover the costs of the oil spill in the
Gulf of Mexico, expected to run into billions of dollars.

“They’ve got plenty of assets, they’ve got plenty of cash.
We’re going to make sure the money’s put in the right place to
make sure they (Gulf residents) are taken care of,” White House
spokesman Bill Burton told reporters aboard Air Force One as
President Barack Obama headed home from a visit to the Gulf.

Investment Analysis

White House says BP has the cash to cover Gulf costs