BP's (BP +1.59%) legal troubles are far from over. Phase 2 of its trial resulting from the 2010 Macondo well spill starts Monday, dealing with how many barrels were released during the 86-day spill. Billions of dollars are at stake as the company wants to come out with the fewest barrels it can, while the government wants to prove that there were more. Senior analyst Jim Mueller tells how investors should be thinking about the whole situation as it plays out in the courts.
Could BP be saddled with billions more in settlement costs beyond what it has already paid?
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Advisor for Motley Fool Options, Future of Entertainment, and Energy Insider, Jim learned how businesses are run while putting his Ph.D. in biochemistry to use at a small biotech company. Jim started investing over two decades ago, initially making the same mistakes most people do. He changed careers to work at the Fool, where he's improved his investing process while developing an appreciation for the importance of investor psychology and taking the long-term view. He received the CFA charter in 2015.