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Obama and the oil spill (pg. 6)
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Skipper
Did anyone catch the address last night?
hardcore trancer
quote:
Originally posted by Skipper
Did anyone catch the address last night?


It was tonight actually.:p
Skipper
quote:
Originally posted by hardcore trancer
It was tonight actually.:p


Doh.
I haven't looked at BPs financials but I wonder how the $20bn being asked to be set aside stacks up.
-g-
quote:
Originally posted by Skipper
Doh.
I haven't looked at BPs financials but I wonder how the $20bn being asked to be set aside stacks up.


dividends report comes out monday.
that'll be the test
exraver
Magnetonium
quote:
Originally posted by Skipper
Doh.
I haven't looked at BPs financials but I wonder how the $20bn being asked to be set aside stacks up.


Yeah, I wonder how much of that is going to clean up the environmental disaster itself, because it seems that BP is more interested to pay off the people affected, and leave the environmental mess to deal with by someone else.

Well, at least its a sign that BP is finally starting to take this issue seriously.
Skipper
I dunno why anyone wants to be a shareholder of this company. On the one hand you've got to think it's getting pretty cheap after losing $100bn in market value but on the other...this is going to drag on them for years. I'd be interested in seeing how the Exxon stock reacted post-spill and how long before investors got comfortable buying again.
Magnetonium
quote:
Originally posted by Skipper
I dunno why anyone wants to be a shareholder of this company. On the one hand you've got to think it's getting pretty cheap after losing $100bn in market value but on the other...this is going to drag on them for years. I'd be interested in seeing how the Exxon stock reacted post-spill and how long before investors got comfortable buying again.


To be honest, I think most people already forgot about the Exxon Valdez disaster. At least around here in Ontario - recently in April it was an anniversary of that famous spill, and most people I knew didnt know about it, or at best remembered very little. People fill up gas at Exxon-affiliated gas stations now and dont even think about it.

Give it 20 years and people will forget about BP. Just like hardly anyone knows that British Petroleum was behind the coup that ousted the first democratically-elected leader of Iran in 1953 (and that started off the chain reaction of the bull that resulted in today's situation in that country).
patpicos
(FORTUNE) -- BP ended weeks of speculation Wednesday by canceling its quarterly dividend for the rest of this year.

http://money.cnn.com/2010/06/16/new...hpt=T1&iref=BN1
-g-
quote:
Originally posted by devnull
(FORTUNE) -- BP ended weeks of speculation Wednesday by canceling its quarterly dividend for the rest of this year.

http://money.cnn.com/2010/06/16/new...hpt=T1&iref=BN1


ha!
they weren't going to announce that until monday.
guess that meeting with obama was the cold shower of reason they needed to start being realistic about this.

Magnetonium


Ouch!!! :haha: The little people ... I wonder how that translates into Swedish.

I really do think thats how BP feels about the people. We are the "little people".

http://ca.news.yahoo.com/s/capress/...bp_small_people

quote:


BP comment about 'small people' causes anger

NEW ORLEANS - The BP chairman's comment that the oil giant cares about "the small people" received an icy reception on Wednesday from residents along the Gulf Coast.

BP Chairman Carl-Henric Svanberg told reporters in Washington: "I hear comments sometimes that large oil companies are greedy companies or don't care, but that is not the case with BP. We care about the small people."

Justin Taffinder of New Orleans was not amused.

"We're not small people. We're human beings. They're no greater than us. We don't bow down to them. We don't pray to them," Taffinder said.

Svanberg is Swedish, and his comments may have been an unintentional slight. But coastal residents are angry over the oil spill disaster and at BP CEO Tony Hayward's comments that he "wants his life back."

Terry Hanners, who is retired from state and federal law enforcement and has a small construction company in Gulf Shores, Ala., said the "small people" remark revealed something about BP's frame of mind.

"These BP people I've met are good folks. I've got a good rapport with them," said Hanners, 74. "But BP does not care about us. They are so far above us. We are the nickel-and-dime folks of this world."

Asked about the BP chairman's remark, BP spokesman Toby Odone told The Associated Press in an email that "it is clear that what he means is that he cares about local businesses and local people. This was a slip in translation."
exraver
quote:
Magnetonium
Boycott British Petroleum


If you REALLY want to boycott them, get rid of your vehicle and use some other method of transportation.
Then you'll be making difference.
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