Here's Proof The Market Thinks This Oil Spill Will Be WAY Worse Than Exxon Valdez

The Business Insider ^ | 5-4-2010 | Joe Weisenthal

[blam]

Here's Proof The Market Thinks This Oil Spill Will Be WAY Worse Than Exxon Valdez

Joe Weisenthal
May. 4, 2010, 8:14 AM

A simple, telling chart from Greg Stettner at Tower Private Investors.

BP (BP) vs. Exxon (XOM) after their respective crises.

[snip]

[tgusa]

Think the incompetence of the current administration might have anything to do with it?

[Republic of Texas]

Here’s proof that Obama wants to destroy the oil industry. One company at a time.

[Truth29]

"Think the incompetence of the current administration might have anything to do with it?"

I think the ideology of the current Administration might have a lot to do with it as well.

[FreedomPoster]

It’s a double whammy by Bammy.

[silverleaf]

bingo

the fact that this is “British” Petroleum adds to the animus from obama and Rahm Emmanuel- I don’t think these ideologue marxists care a whit if they drive the company out of business

[TexasCajun]

I don't know exactly to what extent this spill will be worst.

The Valdez was carrying heavy crude and this spill is called Light Sweet Crude.

Big difference in the type of oils, but it's a mess either way.

[ZX12R]

Just noting, the DJI fell off a cliff this morning. Down 150 in the first 4 minutes.

[tgusa]

BP might be ‘too big to fail.’ I wonder how 0 will manage the takeover of a foreign corporation. Guess Rahmbo will have to figure out a way.

[SZonian]

Wasn’t BP a very large donor to the 0’s campaign?

http://www.bluegrasspundit.com/2010/05/obama-was-top-recipient-of-bp-donations.html

Reap, sow, etc.

[Phlap]

Not according to the NY Times.

[silverleaf]

No one is “too big to fail” in the globalist scheme

How do they eat an elephant?
One bite at a time

2008 the US financial structure is attacked, the banks are “softly” seized for future looting by govt in the name of regulation

2009 the US Constitution is breached by the inauguration of a ineligible man, with the silent acquiescence of every US branch of govt and media. the debt burden is quadrupled in one year. the legislative deliberative process is bypassed, possibly forever. the US economy begins a low roll and begins sinking under waves of socialism and fascism

2010 Wall Street the US energy market and environment are are attacked

[mountainlion]

The religion of the environment will do as much damage as they can. Emmies of the country will take advantage of the disaster to do mischief. Democrats will do little good.

[blam]

Credit Default Spreads Blow Out For Oil Soaked BP

This is not a Black Swan.

[Bitsy]

Here’s proof that Obama wants to destroy the oil industry. Not just the oil industry - AMERICA as we know it.

[IncPen]

[cricket]

You are kind considering this only an ‘incompetance’. I would say it is a deliberate neglect designed for a special interests crisis. We have only to think of the ‘Soros mind’ behind Obama; and would love to see, just who is making the biggest bucks off these predictions.

[BfloGuy]

Here's Proof The Market Thinks This Oil Spill Will Be WAY Worse Than Exxon Valdez

I'd sooner say it's proof that the market thinks the Obama administration will basically try to put BP out of business. The WH has made its boot-on-the-neck reference to BP and Congress is already trying to raise the cap on damages (ex post facto) the company is legally liable for.

There's still a good chance this mess won't turn out to be as serious as Valdez; but BP's a goner anyway. Sorry, had to be sacrificed to send a message.

[Mike Darancette]

Of course, O will be giving his ill gotten gains back.