Castrol Price Increase because Gulf Oil Spill ?

[blackhondaccord]

BP owns Castrol ,
Anyone believe we will be paying more for Castrol Products ?
since this Gulf Area oil spill,
the Law siuts are just starting, surely the amounts
are going to be many millions $...

 

[HTSS_TR]

Castrol is already more expensive than most oils, if BP raises price of Castrol they will lose market shares to Shell, Valvoline ...

 

[Gary Allan]

They will take a one time hit for the total bill. Operations will continue as before. Their stock will tank for a few days ..it will be a good time to buy.

When EXXON was hit with a $5B (iirc) bill for the clean up their stock took a $5 hit for all of a day or two. Those liquid enough bought DEEP ..and cashed in when it returned to market resistance levels.

 

[daves87rs]

Originally Posted By: Gary Allan
They will take a one time hit for the total bill. Operations will continue as before. Their stock will tank for a few days ..it will be a good time to buy.

When EXXON was hit with a $5B (iirc) bill for the clean up their stock took a $5 hit for all of a day or two. Those liquid enough bought DEEP ..and cashed in when it returned to market resistance levels.



Agreed.

 

[panthermike]

Doubt they will. Their products are on they side as it is, IMO.

 

[jorton]

OMG what a disaster! "No one wants oily shrimp". Fasten your seat belts. Gas goes up. Unemployment. Stocks go down.

Crash???

 

[matt922]

BP had a net income of 16.5 billion last year, sure they are scared, but why would they price themselves out when they need customers the most?

 

[ncguy]

Castrol is already overpriced. I have quit buying it for the wife's vehicle and will replace it with Havoline when my stash runs out. BP would be nuts to raise prices any more.

 

[addyguy]

At least around here, BP is doing well in the bulk quick-lube market - lots of places do 'Castrol GTX oil changes', and there are a lot of QL's up here.