Posted on 04/27/2015 1:36:10 PM PDT by bananaman22
The U.K. government wants BP to still stand for “British Petroleum.”
The Financial Times reported that Downing Street would do all it could to block a takeover of BP. Weakened and shrunken down due to the massive, and still rising, toll stemming from the Deepwater Horizon disaster, BP could become a takeover target from one of the larger oil majors out there.
Rumors have been swirling in recent weeks that perhaps ExxonMobil or Chevron could be eyeing the British oil giant, so much so that BP’s CEO Bob Dudley had to publicly dispel any notion that his company is for sale. BP has also reportedly been war-gaming different takeover scenarios, planning on how they could fend off ExxonMobil or Chevron.
(Excerpt) Read more at oilprice.com ...
After Obama, the DOJ and EPA are done with it, BP will be bankrupt. That’s their goal.
Doing politically-incorrect business in the USA carries the same government/political risk as doing business in Africa or the former Soviet Central Asian Republics - only the stakes are much higher.
They should have been asked to leave the US and nearby waters.
all ths means JUST THE OPPOSITE.... just the “right people” ahve to be taken care of..... typical political extorsion...
I wonder if BP has made any strategic “investments” in the Bill, Hillary and Chelsea Clinton Foundation... that would fix them up.
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