Print

Please login or register.
1 Hour 1 Day 1 Week 1 Month Forever
Login with username, password and session length

[Nickbat]

here is another factor ; if BP goes in trouble , a simple wind ooops, oil prices will increase.. so the cartels in us will earn more and some strong share holders

Nearly 40% of BP shares are held in the US, so I think you can discount that factor, Cem. 

[albitz]

seriously considering buying a few myself, havent been this cheap for about 15 years.

[Banjax]

seriously considering buying a few myself, havent been this cheap for about 15 years.

as long as they dont go under.....can you imagine the litigation hell they'll be dragged into? 

[cem_devecioglu]

here is another factor ; if BP goes in trouble , a simple wind ooops, oil prices will increase.. so the cartels in us will earn more and some strong share holders

Nearly 40% of BP shares are held in the US, so I think you can discount that factor, Cem. 

so you are regarding other oil companies

thats an area of wolves.. so no mercy for the fallen :-/

[Nickbat]

seriously considering buying a few myself, havent been this cheap for about 15 years.

as long as they dont go under.....can you imagine the litigation hell they'll be dragged into? 

Indeed, Banjax. I see that US Interior Secretary Ken Salazar has said that BP should compensate other oil companies that have had to lay off workers because of a moratorium on deep sea drilling announced by President Obama in response to the Gulf of Mexico spill.

Unfortunately, in the US, this situation is a lawyer's dream. For us, with so much pension money in BP, it is anything but a dream...

[Nickbat]

This is interesting:

http://www.americanthinker.com/blog/2010/06/options_to_plug_the_bp_oil_spi.html

 

[cem_devecioglu]

seriously considering buying a few myself, havent been this cheap for about 15 years.

as long as they dont go under.....can you imagine the litigation hell they'll be dragged into? 

Indeed, Banjax. I see that US Interior Secretary Ken Salazar has said that BP should compensate other oil companies that have had to lay off workers because of a moratorium on deep sea drilling announced by President Obama in response to the Gulf of Mexico spill.

Unfortunately, in the US, this situation is a lawyer's dream. For us, with so much pension money in BP, it is anything but a dream...

those production stops are temporary.. and god knows what games are being played behind the scene..

here is a link for oil and gas companies ..
http://www.petrostrategies.org/Links/Biggest_US_Based_Oil_and_Gas_Companies.htm

[albitz]

seriously considering buying a few myself, havent been this cheap for about 15 years.

as long as they dont go under.....can you imagine the litigation hell they'll be dragged into? 

Its not impossible that they could go under, but I think its unlikely tbh. The lawyers for the various companies involved will spin the litigation out for years by finger pointing and blaming each others client. By that time most people will have almost forgotten about it and they will all get fined many millions of dollars, no doubt BP will have to pay the biggest fine though. I could be completely wrong of course, but nothing ventured and all that. :-/

[theolodian]

As I see it T it's quite reasonable to consider this to be an Administration based onslaught in light of the forthcoming elections in November, President Obama's current approval rating and the likelihood that the Democrats will have their asses handed to them by a disgruntled public in said election.

Nail > Head, Zulu. 

Unfortunately not.  Obama is playing catch-up because he was tragically slow to respond in the first place.  He is responding to opinion polls.

[Dishevelled Den]

As I see it T it's quite reasonable to consider this to be an Administration based onslaught in light of the forthcoming elections in November, President Obama's current approval rating and the likelihood that the Democrats will have their asses handed to them by a disgruntled public in said election.

Nail > Head, Zulu. 

Unfortunately not.  Obama is playing catch-up because he was tragically slow to respond in the first place.  He is responding to opinion polls.

I certainly can see some truth in what you say T however I would suggest that public opinion in the US, whilst important for the sitting Administration in the context of the oil spill, holds greater sway in terms of the general dissatisfaction being currently expressed with the performance of President Obama's Administration up to this point and, by extension, with the Democrats.

[Nickbat]

As I see it T it's quite reasonable to consider this to be an Administration based onslaught in light of the forthcoming elections in November, President Obama's current approval rating and the likelihood that the Democrats will have their asses handed to them by a disgruntled public in said election.

Nail > Head, Zulu. 

Unfortunately not.  Obama is playing catch-up because he was tragically slow to respond in the first place.  He is responding to opinion polls.

TBH, from where I'm standing Obama is tragically slow at everything.

As a POTUS, he's not very good, is he? 

[cem_devecioglu]

As I see it T it's quite reasonable to consider this to be an Administration based onslaught in light of the forthcoming elections in November, President Obama's current approval rating and the likelihood that the Democrats will have their asses handed to them by a disgruntled public in said election.

Nail > Head, Zulu. 

Unfortunately not.  Obama is playing catch-up because he was tragically slow to respond in the first place.  He is responding to opinion polls.

TBH, from where I'm standing Obama is tragically slow at everything.

As a POTUS, he's not very good, is he? 

nope..advisors are slow

[albitz]

As usual The Daily Mash has got it about right.
http://www.thedailymash.co.uk/news/international/obama-starting-to-sound-like-a-bit-of-an-arse-201006102804


Before the oil spill the share price was 658p today it was 365p.

[Dishevelled Den]

As I see it T it's quite reasonable to consider this to be an Administration based onslaught in light of the forthcoming elections in November, President Obama's current approval rating and the likelihood that the Democrats will have their asses handed to them by a disgruntled public in said election.

Nail > Head, Zulu. 

Unfortunately not.  Obama is playing catch-up because he was tragically slow to respond in the first place.  He is responding to opinion polls.

TBH, from where I'm standing Obama is tragically slow at everything.

As a POTUS, he's not very good, is he? 

It's a very difficult Office to hold effectively it must be said, however the more I look at the situation in the US, I'm afraid that as far as I'm concerned the base-line effect of the current President's election appears to be very much a case of style and slick presentation over substance.

This is concerning as I'm of the opinion that the world needs a strong, focused and solvent America.

[Nickbat]

As usual The Daily Mash has got it about right.
http://www.thedailymash.co.uk/news/international/obama-starting-to-sound-like-a-bit-of-an-arse-201006102804


Before the oil spill the share price was 658p today it was 365p.

Brilliant, Albs. Thanks for spotting that.

It's not often I laugh out loud when I read something online, but that did it for me.