The Wire

As oil continues to flow from the leak in the Gulf of Mexico, there’s speculation that the company responsible – British Petroleum – may be facing a hostile take over. ExxonMobil, one of BP’s major competitors, has reportedly been given tacit approval from the American Government in any take over bid. BP has been hit heavily by the environmental disaster, announcing plans to sell off 10 billion dollars of assets to help finance clean up costs of the spill. But as companies circle a weakened BP, what does it’s economic decline mean for the mess it leaves behind?