Thursday, September 2, 2010

Money Morning: Is BP Dealing Away Its Future?

[Editor's Note: Frequent Money Morning contributor Dr. Kent Moors is an advisor to six of the world's Top 10 oil companies and a consultant to some of the world's largest oil-producing nations. He is also the editor of the "Energy Advantage" advisory service.]

By Kent Moors, Ph.D., Contributing Writer, Money Morning


In the aftermath of the biggest environmental disaster in U.S. history, the Gulf of Mexico relief-well saga continues to monopolize our attention.

But here's the reality: Money problems - not the relief wells - could prove to be the undoing of BP PLC (NYSE ADR: BP). And that means the company's fate is most closely tied to its ongoing efforts to raise money by selling key assets from around the world.

To understand BP's financial strategy, please read on...

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