Speaking at the annual CBI conference in Britain, BP (NYSE:BP) chief executive officer Bob Dudley thanked the British government for their strong support during the extreme attacks of some lawmakers in the United States during the Gulf disaster.
He said, "At the height of the crisis it made a big difference knowing we had such good friends at home."
Dudley added he felt the media was and continues to create a climate of fear around the Gulf oil spill, and there is still data to be gathered to find out the overall causes of the spill.
One of those is the blowout preventer awaiting to be fully investigated and examined as to why it failed.
British Prime Minister David Cameron has said a strong BP is vital to the interests of Britain and America.
Showing posts with label David Cameron. Show all posts
Showing posts with label David Cameron. Show all posts
Monday, October 25, 2010
Tuesday, July 20, 2010
Cameron Defends BP (NYSE:BP) in Lockerbie Assertion
The attempt by Democrats to make it look like the lobbying of Libya by BP (NYSE:BP) is a new story, seems to imply how desperate they are to change the narrative so voters in the United States forget the destruction they've caused to the country since they've been in power.
BP has already stated, as has been known since 2007, that they were involved in encouraging an unrelated prisoner exchange to be done quicker between Britain and Libya in order to get important business in Libya.
Considering the United States has over 50 businesses doing deals in Libya, it makes the Democrats look hypocritical in they eyes of those viewing their antics.
As far as the release of Abdel Basset al-Megrahi, who had been released by the Scottish government after being sentenced to life for the bombing of a Pan Am flight in 1988 over Lockerbie, Scotland, BP and Britain has stated more than once they weren't involved in any way with that situation.
British Prime Minister David Cameron, said this on National Public Radio concerning the allegations by Democrats:
"... let's be clear about who released al-Megrahi; it was a government decision in the UK. It was the wrong decision. It wasn't the decision of BP. It was the decision of Scottish ministers."
How much clearer can it be said than that? Now the Democrats need to issue a public apology for falsely accusing BP, and implying British politicians are lying.
BP has already stated, as has been known since 2007, that they were involved in encouraging an unrelated prisoner exchange to be done quicker between Britain and Libya in order to get important business in Libya.
Considering the United States has over 50 businesses doing deals in Libya, it makes the Democrats look hypocritical in they eyes of those viewing their antics.
As far as the release of Abdel Basset al-Megrahi, who had been released by the Scottish government after being sentenced to life for the bombing of a Pan Am flight in 1988 over Lockerbie, Scotland, BP and Britain has stated more than once they weren't involved in any way with that situation.
British Prime Minister David Cameron, said this on National Public Radio concerning the allegations by Democrats:
"... let's be clear about who released al-Megrahi; it was a government decision in the UK. It was the wrong decision. It wasn't the decision of BP. It was the decision of Scottish ministers."
How much clearer can it be said than that? Now the Democrats need to issue a public apology for falsely accusing BP, and implying British politicians are lying.
Wednesday, June 23, 2010
UK, American Tensions Mount over BP (NYSE:BP)
Tensions are still seething below the surface over the inflammatory language used by Obama and his administration over the BP (NYSE:BP) oil spill.
British Prime Minister David Cameron and Obama will hold a bilateral meeting at the G8/G20 summit in Canada, signaling the pressure Cameron is under, who has been considered too soft on Obama when he was trashing the company, identifying it as British Petroleum, years after it shedded that name after becoming a multi-national oil company.
That made it highly personal for the British people, who took it as British-bashing and not anything constructive to handle the actual problem.
Cameron said, "BP itself wants to pay for the clean up. It wants to stop the gushing of oil into the Gulf. But we do want to make sure that it remains a strong and stable company for our benefits, but also for the benefits of the United States."
"It is in all our interests that this company is strong and secure," he added.
The British increasingly feel Obama has been far too harsh on BP, and in fact has needlessly added diplomatic tensions that never needed to be part of the picture.
Obama chastised the oil companies early in the process for pointing fingers at one another, yet he has in fact did the same thing with BP, by pointing the finger at the British, while giving the other oil companies involved a free ride.
British Prime Minister David Cameron and Obama will hold a bilateral meeting at the G8/G20 summit in Canada, signaling the pressure Cameron is under, who has been considered too soft on Obama when he was trashing the company, identifying it as British Petroleum, years after it shedded that name after becoming a multi-national oil company.
That made it highly personal for the British people, who took it as British-bashing and not anything constructive to handle the actual problem.
Cameron said, "BP itself wants to pay for the clean up. It wants to stop the gushing of oil into the Gulf. But we do want to make sure that it remains a strong and stable company for our benefits, but also for the benefits of the United States."
"It is in all our interests that this company is strong and secure," he added.
The British increasingly feel Obama has been far too harsh on BP, and in fact has needlessly added diplomatic tensions that never needed to be part of the picture.
Obama chastised the oil companies early in the process for pointing fingers at one another, yet he has in fact did the same thing with BP, by pointing the finger at the British, while giving the other oil companies involved a free ride.
Russia Presses Britain on BP (NYSE:BP)
Concerned over the fallout of the BP (NYSE:BP) disaster on the Russian economy, Russian President Dmitry Medvedev seeks to get guarantees from Prime Minister David Cameron concerning the matter.
Russia accounts for 25 percent of the global oil produced by BP, and worries over the company's ability to continue working in Russia in face of the billions in liabilities they face has them pushing for some assurances from the British leader.
Primarily Russia wants to know if BP has plans on cutting back on its oil production, as uncertainty over its ability to fund operations is in the back of their minds.
Some of the asset sales of BP will be Russia-based properties, which they have hopes of raising $10 billion in order to restructure the company so they can successfully pay for the cleanup operations in the Gulf and survive as a company.
One Russian asset BP is sure to keep for the long term will be its joint venture with the privately held TNK consortium, which accounts for 10 percent of BP's profits.
With anger over the oil spill probably lasting for years in the U.S., BP is positioning itself to diversify away from the U.S. market as one of its long-term strategies.
The Russian Ambassador to the UK, said, We want to see how it will work and how this situation will affect the overall strategy of BP and how it may affect these joint ventures in Russia. We want to have some guarantees it will continue to work."
Russia accounts for 25 percent of the global oil produced by BP, and worries over the company's ability to continue working in Russia in face of the billions in liabilities they face has them pushing for some assurances from the British leader.
Primarily Russia wants to know if BP has plans on cutting back on its oil production, as uncertainty over its ability to fund operations is in the back of their minds.
Some of the asset sales of BP will be Russia-based properties, which they have hopes of raising $10 billion in order to restructure the company so they can successfully pay for the cleanup operations in the Gulf and survive as a company.
One Russian asset BP is sure to keep for the long term will be its joint venture with the privately held TNK consortium, which accounts for 10 percent of BP's profits.
With anger over the oil spill probably lasting for years in the U.S., BP is positioning itself to diversify away from the U.S. market as one of its long-term strategies.
The Russian Ambassador to the UK, said, We want to see how it will work and how this situation will affect the overall strategy of BP and how it may affect these joint ventures in Russia. We want to have some guarantees it will continue to work."
Thursday, June 17, 2010
Cameron Pushes Back at Obama over BP (NYSE:BP)
British Prime Minister David Cameron pushed back against Barack Obama over what is becoming to look like a witch hunt with BP (NYSE:BP), rather than a legitimate quest to take care of cleanup costs and legitimate claims against the company for damages to businesses and jobs.
Many British shareholders in BP are seething over the pressure from the Obama administration and Democrats which resulted in the suspension of the dividend of the company for the remainder of 2010.
Even more concerning for Cameron and the British people, was what appears to be the idea that there is no cap on what BP will have to pay, and the commitment of $20 billion to a fund over the next for years to pay for claims and other damages,
Obama stated, “This $20 billion will provide substantial assurance that the claims people and businesses have will be honored. It’s also important to emphasise this is not a cap.”
Speaking to the potential abuse from those making claims against the money in the fund, Cameron said, "They do need a level of certainty, and this is BP's worry, that there won't be claims entertained that are three or four times removed from the oil spill. This shouldn't be about going after BP for the sake of it."
Cameron is correct of course. That's why I've opposed BP caving to the demands, as immediately afterwards Obama came out and made the comment that it was "not a cap."
Nobody said it was. But the implication is he's going to continue to sock it to the company in order to attempt to generate political gain. But that's already backfiring, as the far left liberals in America are turning against Obama because he isn't using the circumstance to promote their global warming agenda via cap-and-trade legislation.
It's impossible at this time to come up with more consistency in what it could come close to costing BP, as American scientists are all over the place with how much oil is spilling into the Gulf of Mexico, as over the last several days they've thrown out everything from 20,000 barrels a day all the way up to 60,000 barrels a day.
And the Democrats and Obama call out BP on their former numbers of 5,000 barrels a day. The disparity of up to 40,000 barrels a day makes it impossible to tell what the reality is, and until BP is able to gather the majority of oil on ships in the area, no one can really accurately estimate the amount of oil, and by extension, the ultimate costs related to the spill.
Responding to feedback from the British, Cameron concluded that he will indeed need to "stand up for BP a bit more,” and that seems to imply he and the British think the bashing has gone on long enough, and there needs to be more constructive comments coming from the administration.
Pressure will continue to mount on Cameron if the Obama administration refuses to let up, and that could result in some serious diplomatic problems if there isn't some give there.
Many British shareholders in BP are seething over the pressure from the Obama administration and Democrats which resulted in the suspension of the dividend of the company for the remainder of 2010.
Even more concerning for Cameron and the British people, was what appears to be the idea that there is no cap on what BP will have to pay, and the commitment of $20 billion to a fund over the next for years to pay for claims and other damages,
Obama stated, “This $20 billion will provide substantial assurance that the claims people and businesses have will be honored. It’s also important to emphasise this is not a cap.”
Speaking to the potential abuse from those making claims against the money in the fund, Cameron said, "They do need a level of certainty, and this is BP's worry, that there won't be claims entertained that are three or four times removed from the oil spill. This shouldn't be about going after BP for the sake of it."
Cameron is correct of course. That's why I've opposed BP caving to the demands, as immediately afterwards Obama came out and made the comment that it was "not a cap."
Nobody said it was. But the implication is he's going to continue to sock it to the company in order to attempt to generate political gain. But that's already backfiring, as the far left liberals in America are turning against Obama because he isn't using the circumstance to promote their global warming agenda via cap-and-trade legislation.
It's impossible at this time to come up with more consistency in what it could come close to costing BP, as American scientists are all over the place with how much oil is spilling into the Gulf of Mexico, as over the last several days they've thrown out everything from 20,000 barrels a day all the way up to 60,000 barrels a day.
And the Democrats and Obama call out BP on their former numbers of 5,000 barrels a day. The disparity of up to 40,000 barrels a day makes it impossible to tell what the reality is, and until BP is able to gather the majority of oil on ships in the area, no one can really accurately estimate the amount of oil, and by extension, the ultimate costs related to the spill.
Responding to feedback from the British, Cameron concluded that he will indeed need to "stand up for BP a bit more,” and that seems to imply he and the British think the bashing has gone on long enough, and there needs to be more constructive comments coming from the administration.
Pressure will continue to mount on Cameron if the Obama administration refuses to let up, and that could result in some serious diplomatic problems if there isn't some give there.
Saturday, June 12, 2010
Obama, Cameron Meeting Over BP (NYSE:BP)
With growing domestic pressure on new British Prime Minister David Cameron to defend BP (NYSE:BP) from the attacks of the Obama administration, Cameron will be participating in a phone call with Obama in hopes of getting the administration to back off.
The two are scheduled to talk on Saturday at 04:00 p.m (1500 GMT).
British newspapers have especially entered the fray after seeing some of their counterparts across the pond bashing BP more than seemed legitimate to them.
Calls for Cameron to cover the back of BP puts him in the place of at least placing it at the top of his agenda in the conversation with Obama.
Inflammatory rhetoric from Obama has largely stirred this up, as he has used terms like keeping his boot on the neck of BP, something not conducive to gaining favor with the British people, who feel the boot is being put on their neck by Obama.
It does underscore the complete inexperience of Obama in domestic and international affairs.
The two are scheduled to talk on Saturday at 04:00 p.m (1500 GMT).
British newspapers have especially entered the fray after seeing some of their counterparts across the pond bashing BP more than seemed legitimate to them.
Calls for Cameron to cover the back of BP puts him in the place of at least placing it at the top of his agenda in the conversation with Obama.
Inflammatory rhetoric from Obama has largely stirred this up, as he has used terms like keeping his boot on the neck of BP, something not conducive to gaining favor with the British people, who feel the boot is being put on their neck by Obama.
It does underscore the complete inexperience of Obama in domestic and international affairs.
BP (NYSE:BP) CEO Appreciates Growing Support
Growing support for BP (NYSE:BP) CEO Tony Hayward, both politically and from the business community, is appreciated he said, as Obama has continued to hammer BP and Hayward in what is increasingly views as going to far.
Talking to Sky News, Hayward said, "The best outcome is to keep BP strong and whole and working well so we can use our financial muscle to deal with this."
This reiterates some of what British Prime Minister David Cameron has stated, where he also said a strong BP is far better for the overall crisis than one that is beaten down.
Hayward added concerning tackling the oil spill, "We have taken responsibility for the spill, committed enormous resources and we will stop the leak, clean up the oil and remediate the environmental impact. I am confident the company has the resources to do that."
Cameron and Obama are beginning talks on the subject as this article goes to press.
Talking to Sky News, Hayward said, "The best outcome is to keep BP strong and whole and working well so we can use our financial muscle to deal with this."
This reiterates some of what British Prime Minister David Cameron has stated, where he also said a strong BP is far better for the overall crisis than one that is beaten down.
Hayward added concerning tackling the oil spill, "We have taken responsibility for the spill, committed enormous resources and we will stop the leak, clean up the oil and remediate the environmental impact. I am confident the company has the resources to do that."
Cameron and Obama are beginning talks on the subject as this article goes to press.
UK PM Wants Strong BP (NYSE:BP)
Still remain relatively quiet and subdued, British Prime Minister David Cameron did finally comment on the BP (NYSE:BP) disaster, saying it was in the best interests of everyone for a strong BP to continue on after the oil spill in the Gulf of Mexico.
Cameron has to be cautious in his statements in a way that won't weaken support from his political base, while also keeping the relationship with the United States on solid ground, something Obama and the Democrats in the United States seem to consider irrelevant, from the statements they've made throughout the crisis.
This may be the nicest thing Cameron says about the ordeal, as mounting pressure for him to take a more proactive stance, along with Obama and the Democrats inability to keep their mouths shut, or say something constructive, may leave him with little choice but to ultimately strike out harder.
Media outlets in the UK which had back Cameron are already dissatisfied with Cameron's response, and have said his unwillingness to stick up for BP could mean the end of the honeymoon period he has enjoyed from them since his recent election to Prime Minister.
That of course means they're going to start hammering him if things don't change, and that will definitely take a toll on Cameron quickly.
Much of this is in the court of Obama and the Democrats now, as it's their move, and if recent history is the measure, it won't take long before something else stupid comes out of their mouth which will force Cameron's hand.
Already a large number of British citizens are outraged by the callous remarks of Obama and his party, and it has already reached a boiling point and opened a door that can't simply be quietly shut.
Cameron has to be cautious in his statements in a way that won't weaken support from his political base, while also keeping the relationship with the United States on solid ground, something Obama and the Democrats in the United States seem to consider irrelevant, from the statements they've made throughout the crisis.
This may be the nicest thing Cameron says about the ordeal, as mounting pressure for him to take a more proactive stance, along with Obama and the Democrats inability to keep their mouths shut, or say something constructive, may leave him with little choice but to ultimately strike out harder.
Media outlets in the UK which had back Cameron are already dissatisfied with Cameron's response, and have said his unwillingness to stick up for BP could mean the end of the honeymoon period he has enjoyed from them since his recent election to Prime Minister.
That of course means they're going to start hammering him if things don't change, and that will definitely take a toll on Cameron quickly.
Much of this is in the court of Obama and the Democrats now, as it's their move, and if recent history is the measure, it won't take long before something else stupid comes out of their mouth which will force Cameron's hand.
Already a large number of British citizens are outraged by the callous remarks of Obama and his party, and it has already reached a boiling point and opened a door that can't simply be quietly shut.
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