BP Profit and Loss, and Presidential Optimism by AnthonyT

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BP Profit and Loss, and Presidential Optimism

POSTED BY: ANTHONYT
UPDATED: Monday, June 14, 2010 18:33
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Monday, June 14, 2010 4:57 PM

Freedom is Important because People are Important

"London-based BP (BP), which held a board meeting on Monday, is weighing whether to issue its $2.4 billion second quarter dividend, which is set to be paid out in August. BP said on Friday it has not made any decision regarding the payment and that the matter "will be decided sometime between now and July 27." (See correction, below.)

The issue is controversial since the company will have to pay billions of dollars to cover the massive economic and environmental damage caused by the ongoing oil spill in the Gulf of Mexico. Some lawmakers say they're concerned about whether the company can afford to pay for the clean up and the dividend."

Hello,

Was reading this on CNN. Personally, I think BP can afford the dividend AND can afford the cleanup. They are flush with profits, despite it all. The question isn't can they. It's will they?

I like the current plan proposed to set up an Escrow account for damages, but I think the proposed account size is too small.

In other news, this headline struck me: "Obama says Gulf Coast will bounce back from oil disaster."

I suppose the Dinosaurs 'bounced back' from mass extinction. We have birds, after all. Still, the president's statements seem overly optimistic.

--Anthony

"On this matter, make no mistake. I want you to go fuck yourself long and hard, as well as anyone who agrees with you. I got no use for you." --Auraptor

"This vile and revolting malice - this is their true colors, always has been, you're just seeing it without the mask of justifications and excuses they hide it behind, is all. Make sure to remember it once they put the mask back on." --Fremdfirma

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Monday, June 14, 2010 5:47 PM

KWICKO

"We'll know our disinformation program is complete when everything the American public believes is false." -- William Casey, Reagan's presidential campaign manager & CIA Director (from first staff meeting in 1981)

All depends on how you define "bounce", I suppose. After all, if you drop a dead cat from a 3-story building, it will bounce...

I mean, ummm... The Prince William Sound bounced back after the Valdez, right?

Oh. It didn't?

Fuck.

Mike

On this matter, make no mistake. I want you to go fuck yourself long and hard, as well as anyone who agrees with you. I got no use for you. --Auraptor

This vile and revolting malice - this is their true colors, always has been, you're just seeing it without the mask of justifications and excuses they hide it behind, is all. Make sure to remember it once they put the mask back on. --Fremdfirma

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Monday, June 14, 2010 6:00 PM

ANTHONYT

Freedom is Important because People are Important

Hello,

I hate to use hyperbole, but the statements he's making, 'better than before' being one of them, sound retarded.

I'd feel better if he said, "This is some bad, crippling shit, and the coast will never be the same, but we'll get through it together, and find a way to live our lives again."

I guess that's not the politic thing to say.

--Anthony

"On this matter, make no mistake. I want you to go fuck yourself long and hard, as well as anyone who agrees with you. I got no use for you." --Auraptor

"This vile and revolting malice - this is their true colors, always has been, you're just seeing it without the mask of justifications and excuses they hide it behind, is all. Make sure to remember it once they put the mask back on." --Fremdfirma

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Monday, June 14, 2010 6:21 PM

KWICKO

I don't know about "never be the same", Anthony. The IXTOC 1 rig in the Bay of Campeche was a clusterfuck, worse than this, at least at this point, and the Gulf seems to have bounced back fairly well from that.

It's bad, no doubt. But I don't know if it's hopeless, if the world is lost.

Although I suppose this could be called one form of man-made climate change, since it seems to have pretty drastically altered the climate for supporting life in the Gulf of Mexico...

But yeah, "better than before" is just a fucking ignorant thing to say.

Mike

On this matter, make no mistake. I want you to go fuck yourself long and hard, as well as anyone who agrees with you. I got no use for you. --Auraptor

This vile and revolting malice - this is their true colors, always has been, you're just seeing it without the mask of justifications and excuses they hide it behind, is all. Make sure to remember it once they put the mask back on. --Fremdfirma

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Monday, June 14, 2010 6:33 PM

AURAPTOR

America loves a winner!

Quote:

"I can't promise folks ... that the oil will be cleaned up overnight. It will not be," Obama said after encouraging workers in hard hats as they hosed off and repaired oil-blocking boom. "It's going to be painful for a lot of folks."

But, he said, "things are going to return to normal."

Things are going to return to normal....... really?

Like, totally normal and stuff ?

Not in my life time, or our children's life time, and likely not even after their children's life time....if ever.

We have no idea how bad this oil is impacting the deep water....

It now looks as if BP ( if we're to believe the reports coming out ) was trying to cut costs and hurry up the process, which resulted in the explosion.

It wasn't Bush, or Cheney, or Haliburton.... but BP.

By MATTHEW DALY and RAY HENRY, Associated Press Writers – 1 hr 45 mins ago

NEW ORLEANS – BP made a series of money-saving shortcuts and blunders that dramatically increased the danger of a destructive oil spill in a well that an engineer ominously described as a "nightmare" just six days before the blowout, according to documents released Monday that provide new insight into the causes of the disaster.
The House Energy and Commerce Committee released dozens of internal documents that outline several problems on the deepsea rig in the days and weeks before the April 20 explosion that set in motion the largest environmental disaster in U.S. history. Investigators found that BP was badly behind schedule on the project and losing hundreds of thousands of dollars with each passing day, and responded by cutting corners in the well design, cementing and drilling mud efforts and the installation of key safety devices.

http://news.yahoo.com/s/ap/20100615/ap_on_bi_ge/us_gulf_oil_spill

If ceo Tony Hayward doesn't off himself , he'll likely be taken out by someone , eventually.

I'm just sayin'.

" Being correct does not excuse a violation of form " - Ducky, NCIS.

" ...the whole point of swearing is that it ain't appropriate. " - Kaylee

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