NYTimes: BP Loses Trading-Floor Swagger in Energy Markets

As an indication of the role of speculative capital in industrial corporations, note the high percentage (20% or $2 to $3 billion) of its profits that BP took in from it's trading operations.

jd

From The New York Times:

BP Loses Trading-Floor Swagger in Energy Markets

The future of BP's trading unit is uncertain as oil spill costs mount and rival firms try to lure away traders.

http://nyti.ms/9qRDR1

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