UK media hyping Tony Blair as next BP Chairman!

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Offline Scootle

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UK media hyping Tony Blair as next BP Chairman!
« on: June 27, 2010, 01:24:45 PM »
Oh for f**k sake!

Tony Blair tipped to take over as chairman of crisit-hit BP
http://www.mirror.co.uk/news/top-stories/2010/06/23/tony-blair-tipped-to-take-over-as-chairman-of-crisit-hit-bp-115875-22352954/



Tony Blair was yesterday being touted as the man to rescue stricken BP.

City experts reckon appointing the ex Prime Minister as chairman is the first step to saving the company after the Gulf of Mexico oil spill disaster.

They highlighted his huge popularity in America and his close links to BP as Premier.

City expert Matthew Lynn said: "Anyone who watched chief executive Tony Hayward struggle to find a voice while being skewered by Congress last week would have realised the company needs to step up its debating skills by about 1,000%.

"This is essentially a political crisis, so why not a politician?" Traders are already betting on Blair replacing chairman Carl-Henric Svanberg.

Since leaving office, the ex-PM has worked as a Middle East peace broker and has a number of directorships.

BP's reputation continues to plummet as fast as its share price, which hit a 13-year low at 334 yesterday - a 50% plunge since the Deepwater Horizon spill began.

In yet another PR humiliation at the weekend, Mr Hayward went sailing round the Isle of Wight as the stricken rig continued to spew oil off Louisiana. He has now handed day-to-day responsibility for the disaster to managing director Bob Dudley.

Chief of staff Steve Westwell was heckled by Greenpeace protesters at an oil conference in central London yesterday. Celebrities including Sting and Robert Redford have appeared in a fundraiser on America's Larry King Live Show to help the clean-up."
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EvadingGrid

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Re: UK media hyping Tony Blair as next BP Chairman!
« Reply #1 on: June 27, 2010, 01:28:20 PM »
ROFL

And just a reminder, but they also made him "Middle East Peace Envoy" as sicko joke.

Offline endof

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Re: UK media hyping Tony Blair as next BP Chairman!
« Reply #2 on: June 27, 2010, 02:11:13 PM »
ROFL

And just a reminder, but they also made him "Middle East Peace Envoy" as sicko joke.

Its like sending Genghis Khan to negotiate peace with china.

Offline larsonstdoc

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Re: UK media hyping Tony Blair as next BP Chairman!
« Reply #3 on: June 27, 2010, 02:15:57 PM »
If appointed, he will try to save a sinking ship.


http://finance.yahoo.com/news/BP-shares-hit-14yearlow-apf-628792717.html?x=0&sec=topStories&pos=7&asset=&ccode=




BP shares hit 14-year-low; shares down over $104B
BP shares drop to 14-year-low in New York; company says Gulf leak cost rises to $2.35 billion
 
The Associated Press, On Friday June 25, 2010, 4:25 pm EDT
BP shares fell about 6 percent in New York on Friday to a 14-year low as the costs rise for containing the oil spill in the Gulf of Mexico.

It looks like BP shares will close lower for the ninth week in a row. BP will have lost more than $100 billion in market value since a rig it operated exploded and sank in the Gulf two months ago.

The escalating costs, plus potential legal liabilities and BP's continuing struggles to contain the leak -- now estimated at between 1.5 million and 2.5 million gallons per day -- have eroded investor confidence.

Analyst Alastair Syme of Nomura Securities Co. said Thursday that pressure is growing on the company to assure sufficient funding to cap the well and cover the costs from the spill, which the company now says totals $2.35 billion.

Given the expensive cost of debt and the time it takes for asset sales, Syme said the company may need an investor -- perhaps a sovereign wealth fund -- to provide a short-term solution. Such an investment could dilute the shares further.

The company has access to about $15 billion, and that should be enough for now, Syme wrote.

"But a sharp rise in liabilities or alternatively a collapse in oil prices could leave the funding much tighter," Syme wrote.

BP's shares closed at $60.48 on April 20, the day of the rig blast. On Friday, BP shares dipped to $26.83 -- their lowest level since July 1996 -- before closing at $27.02, down $1.72. They dropped 14.9 percent for the week, the sharpest weekly decline since the rig blast on April 20. BP shares have now lost $104.73 billion in value since the incident.

Analysts at Collins Stewart continued to recommend BP shares as a "buy" in a research note released Friday. The company previously said that an investment in BP was "not one for the faint-hearted."

In a note to investors Friday, Raymond James analyst Pavel Molchanov said that BP's daily out-of-pocket costs have nearly doubled since the rig went down. And a potential hurricane brewing near the Gulf of Mexico could further complicate cleanup efforts.

"In the event that a storm crosses over the oil spill area, operations would almost certainly have to be suspended -- both cleanup and the drilling of the two relief wells," the analyst wrote.

BP said a containment cap continued to collect some of the oil and gas flowing from the seabed, following a 10-hour interruption on Wednesday.

Even before that setback, the government's worst-case estimates suggested the cap and other equipment were capturing less than half of the oil leaking from the sea floor. And in recent days, the "spillcam" video still showed gas and oil billowing from the well.

Last week, BP bowed to President Barack Obama's demand that it set up a $20 billion escrow fund to cover damages and suspend dividend payments.
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Offline chrisfromchi

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Re: UK media hyping Tony Blair as next BP Chairman!
« Reply #4 on: June 27, 2010, 02:16:06 PM »
is this for real?

EvadingGrid

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Re: UK media hyping Tony Blair as next BP Chairman!
« Reply #5 on: June 27, 2010, 02:17:47 PM »
is this for real?

Good point, and it is difficult to tell.

They did start a false rumour Tony Blair was to be the President of the EU.

Offline Scootle

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Re: UK media hyping Tony Blair as next BP Chairman!
« Reply #6 on: June 27, 2010, 02:19:24 PM »
well a quick google search for tony blair bp reveals that some 'experts' are saying he would be the perfect choice.
The truth will set you free
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Wake up American slobs
9/11 was an inside job
http://www.youtube.com/watch?v=OntBg2qwk_M&fmt=35

Century of Manipulation
http://www.youtube.com/watch?v=mujq-C1UAw0

... Here's Tom with the weather!
http://www.youtube.com/watch?v=6CCIcjIngLA

Offline agentbluescreen

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Re: UK media hyping Tony Blair as next BP Warlord!
« Reply #7 on: June 27, 2010, 02:23:44 PM »
well a quick google search for tony blair bp reveals that some 'experts' are saying he would be the perfect choice.

Especially if the BP Throne still comes with the "Archbishop of Corporatist Greed" title.

There can be little doubt that administrating a hell requires a Luciferian

Offline chrisfromchi

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Re: UK media hyping Tony Blair as next BP Chairman!
« Reply #8 on: June 27, 2010, 02:27:55 PM »
its just so in your face.

if i had a fraction of the monies these people have i'd just sit on my estate and do nothing but eat, sleep and models.

Offline phasma

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Re: UK media hyping Tony Blair as next BP Chairman!
« Reply #9 on: June 27, 2010, 02:40:53 PM »
Mr Blair is a C.I.A operative I am certain of it.

If he got this job that would put the US govt in charge of B.P. on a day to day level. . .

interesting thought . .
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Offline ekimdrachir

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Re: UK media hyping Tony Blair as next BP Chairman!
« Reply #10 on: June 27, 2010, 02:46:39 PM »
Meanwhile brown is at his new cushy job in america as well.

Offline phasma

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Re: UK media hyping Tony Blair as next BP Chairman!
« Reply #11 on: June 27, 2010, 03:25:55 PM »
Really? What is brown doin now?
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Offline Mr Grinch

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Re: UK media hyping Tony Blair as next BP Chairman!
« Reply #12 on: June 27, 2010, 04:11:53 PM »
We may have passed the tipping point where things are so strange we have to be on guard against being driven insane by stuff like this.

 ::) ::) ::) :-[ :-[
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Offline phasma

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Re: UK media hyping Tony Blair as next BP Chairman!
« Reply #13 on: June 27, 2010, 04:17:13 PM »
I`m probably already half way there . . .  :D
Things are not what they appear to be: nor are they otherwise - Surangama Sutra

Offline _CREATIONIST_

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Re: UK media hyping Tony Blair as next BP Chairman!
« Reply #14 on: June 27, 2010, 06:45:03 PM »
We may have passed the tipping point where things are so strange we have to be on guard against being driven insane by stuff like this.

 ::) ::) ::) :-[ :-[

that's when you know it's time to drag out the bottle and pour yourself a nice glass of scotch or your favorite whiskey. Lord knows I had to pour some when Obamacare passed.
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