http://www.bbc.co.uk/news/business-22549710 BP, along with Shell, have been instrumental in fixing the oil prices and now they are wanting help to bail them out for their stupidity and incompetence in the Gulf Of Mexico. I can see us the taxpayers ending up contributing to this as Cameron will be too scared to run the risk of losing BP's vast revenue created in this country. **** 'em I say. They've been fleecing us for years and now the shoe is on the other foot they are not happy. Aw diddums. I see MP's here are wanting jail sentences for those involved in the oil price fixing. I agree but it's a bit rich coming from these hypocrites that fiddles their expenses and avoid paying tax.
SOCIALISM You have 2 cows. You give one to your neighbour COMMUNISM You have 2 cows. The State takes both and gives you some milk FASCISM You have 2 cows. The State takes both and sells you some milk NAZISM You have 2 cows. The State takes both and shoots you BUREAUCRATISM You have 2 cows. The State takes both, shoots one, milks the other, and then throws the milk away TRADITIONAL CAPITALISM You have two cows. You sell one and buy a bull. Your herd multiplies, and the economy grows. You sell them and retire on the income ROYAL BANK OF SCOTLAND (VENTURE) CAPITALISM You have two cows. You sell three of them to your publicly listed company, using letters of credit opened by your brother-in-law at the bank, then execute a debt/equity swap with an associated general offer so that you get all four cows back, with a tax exemption for five cows. The milk rights of the six cows are transferred via an intermediary to a Cayman Island Company secretly owned by the majority shareholder who sells the rights to all seven cows back to your listed company. The annual report says the company owns eight cows, with an option on one more. You sell one cow to buy a new president of the United States , leaving you with nine cows. No balance sheet provided with the release. The public then buys your bull.
The price fixing investigation is a nonsense and your article was written by Robert Peston who spouts whatever bullshit comes into his head. No market reaction to this "news".
http://www.shareprice.co.uk/BP./BP-$025 Charts look pretty healthy for a company supposedly in trouble.
Aye, because BP's interests are solely based round the minimal platforms they operate in the North Sea. Fud
The price fixing is based on European assets. Do you realise how small a percentage of their global operations are based in Europe? As I said, Fud
Article contains I say Peston is a bullshitter, the market doesn't think BP is in trouble. You go on about price fixing, the North Sea and how much of BPs business is in Europe. I hope you're just a cleaner.
