Tag BP

Britannia oils the waves

When Barack Obama referred to a major UK-based criminal organisation by its former name, British Petroleum, a storm of outrage followed in the UK’s corporate press and in the statements of Britain’s Liberal and Conservative politicians. They strenuously denied the…

BP CEO grins upon leaving White House meeting

Here’s why. The $20 billion fund will be overseen by Kenneth Feinberg who has done such a wonderfully effective job of overseeing bankster salaries under TARP. Yeah, I bet BP is just shaking in their boots over this. (At last…

Obama’s Oval Office speech

Well, there was nothing new in it. He’s sticking to the party line that the relief wells will work and even said current efforts when done will capture 90% of the leak, which is certainly optimistic. Then he spent considerable…

Matt Simmons: Dr. Doom of the Gulf oil leak

He’s continuing to say the relief well will fail, an undersea oil lake may cover 40% of Gulf, there’s a massive leak at the well head, and BP will go bankrupt with the stock falling to zero. TheStreet.com is saying…