Posted on 07/24/2008 5:28:17 PM PDT by TigerLikesRooster
TNK-BP: something rotten in the state of Russia
David Wighton: Business Editor’s commentary
With its tail between its legs, Britain's biggest company is being all but chased out of Russia. BP will try to put a brave face on the retreat of Bob Dudley, still nominally chief executive of TNK-BP, to the safety of St James's Square. But it does not look good. When you wish to assert your authority, the best way to conduct business is not by e-mail from an office thousands of miles away.
If BP is to avoid a de facto transfer of management authority to Messrs Fridman, Khan, Vekselberg and Blavatnik, the partners in the AAR consortium, it will need to manufacture a settlement and it is likely to prove expensive. The consortium's actions, if not its words, suggest that its motivation in gaining control of TNK-BP is financial, rather than a keen interest in the oil-bearing sedimentary basins of Siberia.
The Russian partners have attempted to cut the joint venture's capital investment in favour of higher dividends. It seems that the argument is not about control of the helm, but control of the cash box. BP's problem is that it is struggling to keep control of its investment in a country where the law enforcement system is spinning out of control.
(Excerpt) Read more at business.timesonline.co.uk ...
Lots of money has been made in Russia in the last several years.
... (Russians making money that is, by stealing the investment made by Western companies.)
There is too much risk in any Russian investment right now or ever,
... (100% risk of losing your money that is.)
china’s still got more to gain from our trade and technology.
russia’s not a manufacturing and trading partner.
[Britain’s biggest company is being all but chased out of Russia.]
We should be chasing them out of the United States of America too.
BP is the largest Oil producer in the United States.
How exactly is it that a tentacle of the British Empire was allowed to wrap itself around such a critical element of our national energy infrastructure?
Astounding. Absolutely astounding.
The writers of the Declaration of Independence must be rolling in their graves.
The Appetite of Tyranny always feeds upon the Tyranny of the Appetite.
Hey BP!, GTHOOMC - ‘cause WE didn’t vote for your monarchy.
They didn't notice that before investing? Hard to feel sorry for them or for US companies who go to countries where they believe they'll make a killing, only to be handed their hat and told to exit after the investment is up and running. Venezuela, for instance. It's the same old story of western cos. investing in 3rd world countries and it repeats at least once every generation as soon as the last rip-off is forgotten.
Mark Steyn...
The population growth rate in Russia is less than 1.2. In China, it is less than 1.3. You will live to see Siberia depopulated (2012-2025) with the Chinese strolling across the border to take over one of the most mineral rich areas on the globe. That will last until China’s “one child policy” also decimates its population needs.
Birth rate = power.
F
You do business with commie thugs, you take your chances.
If you don't respect other's property rights, you have no reason to expect that yours will be respected.
Take the Hugo Chavez BS somewhere else.
China amasses stake in BP
By David Barboza
SHANGHAI: A Chinese government entity has acquired a sizable stake in BP, one of the world’s largest oil companies, for about $2 billion.
http://www.iht.com/articles/2008/04/15/business/bp.php
>>Birth rate = power.
Yes.
What are they speaking in Wome these days?
Habla Espanol?
BP made an offer to the owners of ARCO.
ARCO's owners accepted BP's offer.
BP paid ARCO's owners per their offer, and thereby became the new owner of ARCO's business.
You have no right or business in America telling owners what they can or cannot do with their property.
>>BP made an offer to the owners of ARCO.
What financial shape was Atlantic Richfield in when they made that offer? How did they get there?
>>You have no right or business in America
>>telling owners what they can or cannot do
>>with their property.
Actually, I do.
See, I am a U.S. Citizen and, presently, America’s “Owners” have not yet entirely succeeded in removing our 1st Amendment rights.
Furthermore, the U.S. Supreme Court has just affirmed our 2nd Amendment rights - making removal of the 1st Amendment rights a just wee bit more difficult for our wanna-be owners.
Do the Bwitish have a 1st and 2nd amendment? No?
This is still a Free Republics, and free Citizens don’t have owners - Slaves and Subjects do.
So... until we are made subjects:
Hey BP, GTHOOMC!, ‘cause WE didn’t vote for your monarchies.
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