BP - off the hook ? ...and a BUY ?

97trophy

lvader wrote: »

then I'm not sure how the leak could be 60000 barrels a day..

The timing of this new announcement looks very suspicious to me.

worldtraveller

fullstop wrote: »

BP credit rating by Fitch now down to BBB from AA just two notches above junk status.

Causing even more downward pressure on the SP, since, no doubt, there will be some pension funds that are not permitted to hold stock (or only a limited percentage of stock) with such a low rating under their rules. They will therefore be required to sell. Further downgrades are likely IMO, thereby worsening the situation.

amcluesent

>The official estimate<

They are either guessing or being told by Hussein Obama to keep upping the figure to provide a fig-leave to his ranting and demands for compo.

I've 'calculated' the leak at 645,000 barrels a day, based on an 21 inch pipe and a flow velocity of 10 mph.

Round_The_Bend

amcluesent wrote: »

They are either guessing or being told by Hussein Obama to keep upping the figure to provide a fig-leave to his ranting and demands for compo.

Off topic, I know, but out of interest, why the use of 'Hussein' Obama, other than the usual Barack?

ceebeeby

If I were BP Chief Exec this morning, I'd be sorely tempted to tell Mr Obama to get stuffed!

This doesn't absolve BP or any of the other companies involved in this horrific disaster to their moral and legal obligations to assist heavily in the clean-up, but to talk about compensation whilst sea-life are still dying and whilst precious coast-lines are still being wrecked is indicative of an American culture that is equally if not a greater pollutant than the spilt oil. The thing with BP is they are trying (desperately) to fix it.

Mr Obama is trying to incite hatred! In this country at least - is that not a crime?

RayWolfe

Round_The_Bend wrote: »

Off topic, I know, but out of interest, why the use of 'Hussein' Obama, other than the usual Barack?

Because the poster is twisted out of shape and has as many prejudices as it is possible to have.

artha

ceebeeby wrote: »

If I were BP Chief Exec this morning, I'd be sorely tempted to tell Mr Obama to get stuffed!

This doesn't absolve BP or any of the other companies involved in this horrific disaster to their moral and legal obligations to assist heavily in the clean-up, but to talk about compensation whilst sea-life are still dying and whilst precious coast-lines are still being wrecked is indicative of an American culture that is equally if not a greater pollutant than the spilt oil. The thing with BP is they are trying (desperately) to fix it.

Mr Obama is trying to incite hatred! In this country at least - is that not a crime?

When BP have stated time after time that they will be paying why does Obama continue with the cracked record theme of making sure that BP will pay instead of focusing on how to solve the problem and move forward? In his oval office speech last night he did at least use the term "legitimate" claims which, when used by BP early in the process there were howls from the US that BP would wriggle out of responsibility on the "legitimate" claims loophole.

As many people have said the political rhetoric and double standards of the US makes me feel even more that the world is a dangerous place, not because of Iran etc but the US centric view of what is right and wrong. The Carbon Dioxide emissions debacle showed that.

StevieJ

I like the claim for the increased price of shrimps that a claimant normally buy, $17

artha

StevieJ wrote: »

I like the claim for the increased price of shrimps that a claimant normally buy, $17

Isn't that just the capitalist supply and demand process that the US economy and ethos is built on?

EDit: If the price of shrimps is going up due to the oil spill then someone in the chain is already being compensated or is it profiteering

sabretoothtigger

BP killed the supply, its not an argument completely without merit. It depends how far bp will be held responsible. It seems likely they would have to pay every gulf business the difference in profits from last year, every hotel without tourists and so on which is pretty costly.

Do they pay that bill alone or 65% as partial owner, Im not sure because all usa officials refuse to mention any party being responsible apart from bp