As I put up in a previous post, the Telegraph previously reported BP was set to announce a $5 billion dollar profit, but according to the morning Chicago Tribune, this is anything but the case: BP said the $32.2 billion charge for the cost of the spill led it to record a loss of $17 billion for the second quarter, compared with a profit of … Continue reading Turns Out The Telegraph was Wrong…BP – Record Loss for 2nd Quarter…kind of.