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Realistbear

B P To Defer Dividend Deflating Expectations

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http://www.timesonline.co.uk/tol/news/world/us_and_americas/article7148202.ece

From Times Online
June 11, 2010
BP plans to defer dividend after pressure from Obama
New calculations double rate of oil spill |
BP is preparing to defer payment of its next dividend to shareholders by placing the money in an escrow account until the full scale of the company’s liabilities from the disaster can be determined, The Times has learnt.
BP board members are discussing a plan that would see the expected £1.7 billion second-quarter payout, due to be announced on July 27, delayed until the crisis can be brought under control, relieving some of the political pressure on the oil giant, formerly Britain’s biggest company.

Caught a few headlines in Sainsbury's this afternoon (I am usually an avid Tesco shopper and use many points for Prezzo meals) and considered pathetic the call for Cameron to "stand up" to O'Bama who has the audacity to get cross over the biggest ecological disaster in history. IMO O'Bama has every right to be cross as the oil is going to make a mess along thousands of miles of coastline before they get it under control.

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I beleive the shareholdings are like this.

US shareholders 39%

UK shareholders 41%

Obama has called for a non payment.

I can almost hear the squeeling from the US as I type.

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I disagree.. we need to use our political connections and loyalty with the US to lean on them hard to back off BP. Turn the dial down a few notches.

The US media is wipping people into a frenzy with sensationalized reporting. And that is putting pressure on US politicians. This is also the problem with a free press, because they sway public opinion. But reasonable, non-sensationalist reporting doesn't sell newspapers or catch viewers on tv.

For example it looks like most of the oil is being eaten by bacteria in the warm waters of the gulf, with the environmental impact relatively small.

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I would hate to admit it but it seems he has

http://www.politico.com/news/stories/0309/19858.html

But Irish Americans say they’re still waiting for Barack Obama to embrace another influential figure from his past: his great-great-great-grandfather Foulmouth Kearney
.

Irish are the second largest European ethnic group in the US. The Germans are the largest.

I am amazed at the pig ignorant knicker press and their attacks on O'Bama because he is cross with BP for the mess they or their subcontractors have caused. Some sort of perverted patriotism that chooses to rally behind big oil, albeit big oil with a "patriotic" name. IMO O'Bama would have been just as cross had it been Exxon what done it. I admire Cameron for not pandering to it.

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I disagree.. we need to use our political connections and loyalty with the US to lean on them hard to back off BP. Turn the dial down a few notches.

The US media is wipping people into a frenzy with sensationalized reporting. And that is putting pressure on US politicians. This is also the problem with a free press, because they sway public opinion. But reasonable, non-sensationalist reporting doesn't sell newspapers or catch viewers on tv.

For example it looks like most of the oil is being eaten by bacteria in the warm waters of the gulf, with the environmental impact relatively small.

this is true.

Obama needs an enemy to fight...he is very unpopular now, having failed to deliver change.

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this is true.

Obama needs an enemy to fight...he is very unpopular now, having failed to deliver change.

And the other irony is that no one can deliver change when you fight against VIs who are against socialised healthcare and a throughly corrupt pharmaceutical industry willing to pay millions to buy politicians. Its a good thing we don't have any corruption over here.

If BP took safety shortcuts that caused the leak then they deserve to be attacked and forced to pay the penalty for their negligence. If, as some press charge, it was indeed O'Bama's fault then he should pay. But how ridiculous is that suggestion--yet the press are making it.

Imagine if Exxon did the same thing and fouled the beaches and riverways of France if a rig had gone the shape of a pear in Biscay? I can imagine Sarky getting cross and suggesting Exxon were silly to do such a thing.

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And the other irony is that no one can deliver change when you fight against VIs who are against socialised healthcare and a throughly corrupt pharmaceutical industry willing to pay millions to buy politicians. Its a good thing we don't have any corruption over here.

If BP took safety shortcuts that caused the leak then they deserve to be attacked and forced to pay the penalty for their negligence. If, as some press charge, it was indeed O'Bama's fault then he should pay. But how ridiculous is that suggestion--yet the press are making it.

Imagine if Exxon did the same thing and fouled the beaches and riverways of France if a rig had gone the shape of a pear in Biscay? I can imagine Sarky getting cross and suggesting Exxon were silly to do such a thing.

Obama has called a halt to all drilling in the Gulf.

This has put thousands out of work in that industry.

Obama wants BP to compensate them too. BP should pay for what they have done...and claim from the Subbies if they have done wrong..BP is not responsible for Government Actions...

It appears from the US ranting at the mo that the States have been prevented by the Federal Authorities from taking action to reduce the effects of the spill on their beaches and waterways....why?

Why were Dutch engineers with booms available at the rig site PREVENTED from deploying their booms AT THE TIME by the US coastguard.

There is more to this than meets the eye.

And now there are rumours that this blowout has led to a long crack in the seabed...where oil under pressure is starting to break out.

Is this the fault of BP too? or is this a failure in Government licencing the site and doing adequate checks??

And how much of the rumourmill is going to turn out as total 8ollacks or is it worse and they are covering up?? time will tell.

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I disagree.. we need to use our political connections and loyalty with the US to lean on them hard to back off BP. Turn the dial down a few notches.

What political connections? the relationship is ONE way only, they want a war they use the British army as expendable and free mercenaries, they want a launch pad to bomb places they rent it off us (diego garcia)

When they want help the UK government is always willing to abide.

When we want help the US government puts its fingers in its ears and can't hear us.

After we sent 3000 soldiers to die horribly in Korea did the US help us out at Suez?

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Why were Dutch engineers with booms available at the rig site PREVENTED from deploying their booms AT THE TIME by the US coastguard.

There is more to this than meets the eye.

the 1920 jones act apparently prevents foreign registered ships to do things for the US like carry cargo or survey etc.

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the 1920 jones act apparently prevents foreign registered ships to do things for the US like carry cargo or survey etc.

Does it.

so a man is dying in the Street and a LAW prevents another man from saving him....there are times when the real World needs a free thinker to ACT.

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What political connections? the relationship is ONE way only, they want a war they use the British army as expendable and free mercenaries, they want a launch pad to bomb places they rent it off us (diego garcia)

When they want help the UK government is always willing to abide.

When we want help the US government puts its fingers in its ears and can't hear us.

After we sent 3000 soldiers to die horribly in Korea did the US help us out at Suez?

Looked at from a broader aspect of 100 years you could point to a few incidents where the US helped us out.

WW1, WW2 and the Cold War (Soviet occupation of E Europe would probably have extended further West had western military force not been in the way) are the first to come to mind. The US also supported the Falklands Invasion via satellite and intelligence access.

Iraq was Blair's Falklands and we all went along with it willingly. Glory and all that. IN hindsight, maybe not such a good idea although I have been told by a few in the ME that Saddam shipped most of his warheads to Syria after the UN Inspectors started to get too nosey and access was denied. Funny how they found 130 medium range scuds ALL with empty warheads? Jury still out on that one IMO as I still feel Saddam was a bit shrewder than many give him credit for..

I think the oil spill is more about Big Oil and public disenchantment with their profiteering, artificial shortages and manipulation of petrol prices. BIg Oil, Big Banks and BTLers are all in the same boat IMO--scourge of the earth.

Edited by Realistbear

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  • 259 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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