Democratic Underground - Not exactly. - Democratic Underground

Reply #10: Not exactly. [View All]

Statistical

(1000+ posts) Send PM | Profile | Ignore

Tue Jun-08-10 09:43 AM
Response to Reply #8

10. Not exactly.

I think BP will end up paying a lot for this disaster. Maybe not as much as everyone would want but certainly in the tens of billions.

After that the point becomes is the BP "brand" in US salvagable? Not necessarily BP operations but BP brand. If they feel they can salvage the brand (some greenwashing maybe) then they will.

Another option is they make a new brand and transistion that as the face of the company.

The third option is that they simply get out of the retail biz and still feed the oil beast that is the US from the production side of the house.

I may be completely wrong but I think it is very very very very very unlikely that BP abandons the US market completely. The taxpayer gets about 10%-20% of oil revenue in the US. The global average is 80%+ (Nigeria takes 97%). US oil is extremely valuable because our govt doesn't protect the oil wealth. BP isn't going to give that up unless forced out.

-Strategic Advice for BP America: Just Move On (asap)

marions ghost

Jun-08-10 08:04 AM

- I just don't see another major buying BP American assets.

Statistical

Jun-08-10 08:06 AM

- I think the OP was talking about rigs & other assets in the US

AnArmyVeteran

Jun-08-10 08:17 AM

- I just don't see other oil companies wanting any of BP assets.

Statistical

Jun-08-10 08:22 AM

- The article seems to argue

marions ghost

Jun-08-10 08:54 AM

- Nobody "needs" the American market....

Statistical

Jun-08-10 08:58 AM

- So, you'd say that

marions ghost

Jun-08-10 09:33 AM

- Not exactly.

Statistical

Jun-08-10 09:43 AM

#10

- thanks for those statistics--I didnt know that

marions ghost

Jun-08-10 09:55 AM

#11

- I am not sure.

Statistical

Jun-08-10 10:00 AM

#12

- Seems like raising taxpayers cut

marions ghost

Jun-08-10 01:41 PM

#30

- I remember reading somewhere that prior to 1980? it was roughly double what it is now.

Statistical

Jun-08-10 02:42 PM

#33

- that is interesting

marions ghost

Jun-08-10 02:45 PM

#34

- So you're going to send your military

dipsydoodle

Jun-08-10 08:35 AM

- They can seize all of the assets in our country and our surrounding waters

AnArmyVeteran

Jun-08-10 09:10 AM

- I understand what you mean now.

dipsydoodle

Jun-08-10 10:19 AM

#15

- Yes it is a twisted mentality at the top...pathological, certifiable

marions ghost

Jun-08-10 10:28 AM

#17

- If president, I would go on national television and list every recipient of BP money

AnArmyVeteran

Jun-08-10 01:54 PM

#31

- Foot dragging...

marions ghost

Jun-08-10 02:40 PM

#32

- PASS FORFEITURE LAWS FOR WHITE COLLAR CRIMINALS NOW!

AnArmyVeteran

Jun-08-10 04:05 PM

#36

- OK

marions ghost

Jun-08-10 04:33 PM

#37

- You know what's weird?

AnArmyVeteran

Jun-08-10 04:52 PM

#38

- About prosecuting environmental offenders

marions ghost

Jun-08-10 05:47 PM

#39

- This is the group

marions ghost

Jun-08-10 06:28 PM

#40

- Laws need to be changed to imprison corporate executives for life sentences.

AnArmyVeteran

Jun-09-10 09:12 AM

#42

- I think this BP Oil Spill

marions ghost

Jun-09-10 02:52 PM

#43

- We need proportional representation. The winner takes all system leaves too many unrepresented.

AnArmyVeteran

Jun-09-10 08:13 PM

#44

- Deleted message

Name removed

Jun-09-10 08:44 PM

#45

- The system is corrupt

marions ghost

Jun-10-10 06:57 AM

#46

- The Green Party didn't defeat Gore, Gore beat Gore

AnArmyVeteran

Jun-10-10 07:50 AM

#47

- The way the system is now

marions ghost

Jun-10-10 08:12 AM

#48

- Exxon - BP merger has already existed.

truedelphi

Jun-08-10 01:07 PM

#29

- And

marions ghost

Jun-08-10 03:32 PM

#35

- What an asshole

blindpig

Jun-08-10 09:36 AM

- And for that, I gave it a rec.

Catherina

Jun-08-10 10:21 AM

#16

- What a mess

BeFree

Jun-08-10 10:04 AM

#13

- Give me a precedent

marions ghost

Jun-08-10 10:15 AM

#14

- precedent

BeFree

Jun-08-10 10:29 AM

#18

- So we need to get 100B at least,

marions ghost

Jun-08-10 10:38 AM

#19

- Liens

BeFree

Jun-08-10 10:50 AM

#20

- Something I read

marions ghost

Jun-08-10 11:20 AM

#21

- well

BeFree

Jun-08-10 11:28 AM

#22

- Right, what I thought, so if

marions ghost

Jun-08-10 11:50 AM

#24

- Obama

BeFree

Jun-08-10 12:39 PM

#26

- So, I wonder

BeFree

Jun-08-10 01:00 PM

#27

- maybe for the money

marions ghost

Jun-08-10 01:05 PM

#28

- You don't seem to understand this - BP owns

truedelphi

Jun-09-10 01:02 AM

#41

- Yep...Then Sneak Back In Later...

KharmaTrain

Jun-08-10 11:37 AM

#23

- Don't we

marions ghost

Jun-08-10 12:28 PM

#25

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Reply #10: Not exactly. [View All]