The Macondo well keeps leaking crude and British Petroleum keeps bleeding and weakening. According to WSJ,
BP shares dropped 6% in London on Friday, putting the drop the oil major's market capitalization at more than $100 billion since the Gulf of Mexico oil spill began.Most shares are held by British savers, so if each one lost an average of 30,000 $, we have nearly half a million suddenly impoverished families in Britain. I estimate that about 10% of the British middle class is hurting by BP's loss of value. For the next three years, the London stock exchange will be about 5% lower than it would be.