BP's allocation of $32.2 billion for spill costs led to record loss of $17 billion for the second quarter. That compared with a $4.4 billion profit in the quarter a year ago. A chastened BP outlined a new strategy on Tuesday to revamp operations and practices around the world and turn it into a leaner operator under a new leader. |
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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.