Skip to comments.BP 'Short-Changing' Residents Says Obama
Posted on 06/04/2010 10:13:04 PM PDT by 2ndDivisionVet
President Barack Obama has accused BP of short-changing residents in the Gulf of Mexico during his third visit to the region since the oil spill crisis. Mr Obama also hit out at the British oil giant for spending money on advertising and paying shareholder dividends whilst local businesses have been suffering.
The attack came after BP boss Tony Hayward said he was "heartbroken" over the spill as he sought to reassure investors of the company's strong financial position.
Mr Hayward, who has been the public face of the disaster, said it was right he had been the "lightning rod" for criticism.
"I'm a Brit. Sticks and stones can break my bones but words can never hurt me," Mr Hayward said, as he repeated his intention to steer the firm through the crisis.
His comments came as he and his colleagues faced questions from shareholders about the impact of the Deepwater Horizon incident on the future of the company.
Mr Hayward admitted the costs would be "severe" but said it was too early to put a figure on how far they would rise.
"To date, we've spent well over $1bn (£690m) in gross direct costs for the response, clean up and relief wells," he said.
"Spending at this rate will continue until the flow of oil stops and for some time thereafter."(continued)
(Excerpt) Read more at news.sky.com ...
Could he be any more anti-Capitalist?
Shut up Obama. Your resignation as POTUS will be accepted asap.
Back to Kenya he goes.
What a pathetic moron! Nobody is listening to you.
To hell with the Gulf and the enviroment, Barry is worried about the MONEY! Typical Marxist piggy. It’s the money! Only the money!
Hey 0bama: They scraped the scum off the bottom of the barrel to get you. You are of the very lowest caliber imaginable. Go back to hell where you belong.
What a little man.
Gotta get the focus back on the evil oil company and pronto!
Wow, pot, kettle, black...
Master Obama, at it again.
they should get engineers to create a device that essentially creates several vast rings of high pressure air bubbles , at the sea floor , to encircle the rising oil . This could channel the oil up to a single point on the surface where the condensed mass could be scooped up or siphoned off .
Stop using the dispersant chemicals . The bubbles would change character as they rose to be larger at the surface .
This could be an effective and harmless containment strategy
until they can figure out how to shut the flow at depth .
The bubble ring would flow with whatever currents are involved ,along with the oil , but would seek the surface far quicker , thus containing the oil .
From Affirmative Action 101:
It has been my experience that the first thing one does is make excuses for your own actions, act tough and blame the other guy or the system.
Oh no! Paying shareholders what they deserve for having invested in the company? The horror.
How ironic. Hey a$$ clown, you’ve short “hopey” and “changey” they entire country, you useless, incompetent, pustule.
The Marxist should be removed. His anticapitalist profits are evil, all of yours is mine mentality is detrimental to America.
He lost it on TV yesterday. Unscripted, the true Marxist hater of business was revealed. The Messiah, that is the incapable, incompetent Messiah is an enemy of America
Obama hates America.
Obama hates Christianity.
Obama hates anything British, due to his father and grandfather’s opposition to the British colonial rule in Kenya.
Obama hates capitalism.
Obama hates Jews and Israel.
That’s not on any teleprompter. That is from within.
And the American people need to rise up and show him and corrupt Chicago thug cronies the door.
One more comment, one designed to make the President et al have apoplexy,
the new wells that come on line will pay all the damages in maybe 6 months.
The cost of the damages will be trivial in comparison to the gross proceeds
If I were Obama, I would nationalize the well to receive the downstream revenue
WOW!! What else do you think Obama should just seize and take-over?
The President shut off a huge area of the Gulf to fishermen....areas where there is not the least bit evidence of oil...areas that could be fished...
Obama seems more dangerous to the country than Bin Laden (and AQ is very dangerous).
.....WOW!! What else do you think Obama should just seize and take-over?......
Think on it. Obama is Chavez light.
He has a British company (in reality the remnants of AMOCO) He has a seeming disaster, he has a murderous press, He has financial ruin crashing about his head, he has a hated outcome where the company profits mightily in the long run from the national pain and suffering.
He can garner lots of support and slobbering press worship and money for passing around for ever by nationalizing the well. Not the oil industry, just the well.
Just think of the justification. It is after all just a lease of public property. The oil belongs to the people, The public trust was abused by BP and on and on and on.
To me, the probability for such actions seem great once the situation stabilizes and there is no downside for him. There is less risk than the takeover of GM and Chrysler
It is free money. He will take it. The temptation is just too great
It's called Self-handicapping..."The self-serving bias is when people repeatedly claim credit for successes but deny blame for failures." http://www.psychwiki.com/wiki/Self-handicapping
Certainly we're all guilty of self-handicapping to a certain extend, it's probably a healthy copping tool, but of course taken to extreme...well it's called be a socalism.
Well actually you did say that....I guess it was not meant as you said.