Skip to comments.Gibbs: Obama hasn't talked to Hayward because BP board calls the shots
Posted on 06/09/2010 6:26:32 PM PDT by Nachum
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You are right about 0 hurting relations with the UK but he does not appear to care - anyway cares more about Hamas for $400mm.
He only gets on free kick and he’s not sure Tony’s ass is the one he wants to kick.
Hey these are oil men. Likely that Obama would get his ass whuuped in a showdown. Maybe that’s why O is avoiding a face to face or mano y mano.
Bankrupt companies don't have lots of resources to do a clean up. They also tend to start shutting down things that cost money...like their gas stations. The reduced supply of gas will likely push prices up.
The UK’s Chatham House and insurance network Lloyds issued a joint report today predicting a very substantial rise in oil prices and costs to develop and produce in hostile environments. Lloyds insures these deepwater wells and operators, so count on what they are saying about costs to come true at least as far as insurance is concerned. The CH report does not match my personal view on alternative energy and carbon legislation etc, but is probably very close to the reality of where US and European government decision makers land. It is an interesting but lengthy read - executive summary is worth a glance. Key findings:
Businesses which prepare for and take advantage of the new energy reality will prosper - failure to do so could be catastrophic
Market dynamics and environmental factors mean business can no longer rely on low cost traditional energy sources
China and growing Asian economies will play an increasingly important role in global energy security
We are heading towards a global oil supply crunch and price spike
Energy infrastructure will become increasingly vulnerable as a result of climate change and operations in harsher environments
Lack of global regulation on climate change is creating an environment of uncertainty for business, which is damaging investment plans
To manage increasing energy costs and carbon exposure businesses must reduce fossil fuel consumption
Business must address energy-related risks to supply chains and the increasing vulnerability of ‘just-in-time’ models
Investment in renewable energy and ‘intelligent’ infrastructure is booming. This revolution presents huge opportunities for new business partnerships
Download the paper here http://www.chathamhouse.org.uk/publications/papers/view/-/id/891/
Yep, that is what he said when he was accused of not knowing what was going on or acting on it for quite some time. That was his immediate reaction to that accusation.
They must think we can neither remember nor read.
They probably do think that but inveterate liars often just lie to get out of the situation at the moment without consideration of past lies.
Also, as far as the idea that the Board of Directors make all the decisions so no need to talk to the BP CEO, that is BS also, another knee jerk lie. Boards empower the CEO to make decisions so that they don't have to micro manage. If they don't like the CEO's decisions they can remove him but they usually don't practice overriding his decisions.
This is going to put the skids on any kind of global currency or cap and tax. It may work out in the long run for the good of the world but this is going trash any relationship we have with the UK for years to come.
Invested enough that their lawyers helped craft the CAP AND TRADE BILL, which would ensure their transition from the deep well drilling to the new 'green' technologies.
This spill put a big crimp in their plans.
Yeah, that's it. Executive structure of corporate governance. Yeah, that's the ticket.
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