Is Obama trying to break BP?
This quote from the Telegraph:-
a White House spokesman said BP has “plenty of assets, they’ve got plenty of cash. We’re going to make sure the money’s put in the right place to make sure they [Gulf residents] are taken care of.”
It could be. A very vindictive comment and an undertone of we will decide where the money will be spent. This is confiscation.
No mention is made in the media of the American companies involved, nor of Anadarko the Texas based company which is BP’s partner in the well.
Let us not forget the US gave BP a drilling permit. BP and Britain are being targetted by the US, despite British support for US in many international situations.
Obama is a inexperienced, golf playing, pol from the Chicago Democratic machine. He is pandering to the latent xenophobia and lack of knowledge of many in the USA.
Next time Barack you go to war or expect British diplomatic support, forget it!!
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Seems odd that in the land of the free their president can be allowed to grandstand like a fascist dictator declaring he will unilaterally force a company to x-y-zed.
I haven’t been following US coverage but wonder whether people are similarly concerned about respect for the rule of law. I think BP should go ExxonMobil-like and reach for their lawyers and the statute books.
“Is Obama trying to break BP?”
Yes. He is too short sighted to realise that legal process will take its course and that can be funded from corporate profits over a number of years. Instead he will break them now out of a deep seated hatred for Britain stemming from his father’s experiences in Kenya.
You have seen this, right? http://www.bp.com/extendedsectiongenericarticle.do?categoryId=9010453&contentId=7019612
40% owned by the British.
39% owned by the US.
And your implication that by giving a permit to someone you’re partly responsible for the damage they do is… odd.
And he still has yet to meet the BP CEO. But.. don’t blame Obama too much.. too many people voted for a sound bite, and thats all they got.
The hard but only action was to support BP and the oil industry because only it has the knowledge, technology, resources and “need” to cap the blow out.
Kicking BP now forces the company to consider whats best for it and its shareholders, not the blow out.
Plenty of time after the well is capped to play the blame game.
JC