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| Caucasus/Russia/Central Asia |
| BP-Rosneft deal: Russia takes 5pc stake in BP, raises trust fears |
| 2011-01-15 |
| BP’s chief executive has dismissed concerns that Russia is an unreliable business partner, after making a Kremlin-controlled oil giant its second largest shareholder. Bob Dudley said there was “mutual confidence and trust” between BP and Rosneft, as they agreed to buy £5bn of each other’s shares and explore the Arctic together. The agreement, backed by Prime Minister David Cameron and Russian Prime Minister Vladimir Putin, has already drawn anger from American politicians. It comes at a sensitive time for BP as the energy major tries to repair its relationship with the US following the Gulf of Mexico oil spill last year. US congressman Edward Markey, a prominent Democrat who led investigations into the giant leak, questioned the deal on grounds of “national and economic security”. On Friday night, he claimed that “BP once stood for British Petroleum. With this deal, it now stands for Bolshoi Petroleum.” |
| Posted by:tipper |
| #15 Shipman/Goldies/Zombie was redacted on that last one. It's a warning. |
| Posted by: lotp 2011-01-15 22:24 |
| #14 Meanwhile, North Dakota which has oilfields on land, is right on schedule to be producing 900,000 barrels per day of oil in the next 5-7 years. Screw the Greens : Green on the outside, and Red on the inside; Communists wearing protective camouflage. |
| Posted by: Shieldwolf 2011-01-15 18:28 |
| #13 Shipman, don't. |
| Posted by: trailing wife 2011-01-15 15:53 |
| #12 What happens when the final 20% of the industry's destruction produces as few "green jobs" as the first 40%'s destruction does? |
| Posted by: Thing From Snowy Mountain 2011-01-15 13:13 |
| #11 You told yourself we were evil and you'd have Green Jobs if only the oilfield were shut down when we made 65% of the oil consumed in this country. And you told yourself that you were creating Magical Green Jobs when you got it down to 45%. And when you got it down to 35%. And now you're on the road to 20% because there's no drilling in the gulf. You tell yourself you're blameless and the people who do the dirty jobs are morally repugnant _every single percentage point_ of the decline. AND IT'S ALL LIES. |
| Posted by: Thing From Snowy Mountain 2011-01-15 13:09 |
| #10 Snowy you Bastard child of two Albio Guerillas , you're standing in the way of Millions of Green Jobs and plentiful Nutria. Oil is the Devils Own Shit as you well know by now. I frankly (can I say that) don't know how you can live with yourself. But Lord knows, we all love a lathe. So carry on. |
| Posted by: Goldies Every Damn Where 2011-01-15 12:45 |
| #9 I would recommend reading up on some of the history between BP and the Russian Government. Russia has been putting tremendous pressure on BP for the last few years in an effort to control BP's interest within Russia, which account for approx. 25% of the companies interests worldwide. They forced out Dudley in 2008 and he ran BP in Russia in absentia until he finally was forced to change positions. The Russians have been playing hardball with BP for a while. The play is obvious, energy superpower supplier of the west, but the west is doing very little about it. |
| Posted by: jefe101 2011-01-15 12:30 |
| #8 They and You have used the phrases "Big Oil" and "Big Evil" interchangably for every second worth's of the last twenty-five years of handing over the industry, bit by bit, to fascist countries that are also by and large rabidly antisemitic. And all y'all have gotten out of it is massive trade deficits and now multi-trillion-dollar-a-year federal deficits too. Lie to yourself about it, lie to me about it, lie to the working plurality of idiots in this country about it, but those decisions still won't work. |
| Posted by: Thing From Snowy Mountain 2011-01-15 12:03 |
| #7 You're a tool of Big Oil SnowMan and you know it. Your very lifelessness depends on bringing in the bucks from Big Evil. |
| Posted by: Zombie Hillary Lover 2011-01-15 10:32 |
| #6 Zombie, go away and eat some fucking brains and replentish your supply of cells before coming back here to post, it's kinda obvious you've run below the thinking threshold with this one. |
| Posted by: Thing From Snowy Mountain 2011-01-15 10:19 |
| #5 We should investigate BP further, I sense shenanigans, financial, moral and legal. Also they should pay...... for stuff, I know personally of a motel that went telly uno in Albany right after the spill and have received not jack dime from the company and that includes Haliburton which should give them money too. |
| Posted by: Zombie Hillary Lover 2011-01-15 10:07 |
| #4 PS: There's _gambling_ going on at Rick's too. |
| Posted by: Thing From Snowy Mountain 2011-01-15 09:57 |
| #3 And the Democratic politicians are shocked, SHOCKED that Russia has been helped by their overreaction against the entire industry. |
| Posted by: Thing From Snowy Mountain 2011-01-15 09:56 |
| #2 They have not faced a confiscatory policy out of proportion to what they've done. The administration has done nothing about their core business of reselling oil from elsewhere, while they have enabled the administration in its quest to shut down _exploration_ by everyone else in the United States. The Russians are rewarding them for a Mission Well Accomplished which is going to give their country a whole lot of money. |
| Posted by: Thing From Snowy Mountain 2011-01-15 09:38 |
| #1 Well, if they face a confiscatory policy in USA... |
| Posted by: g(r)omgoru 2011-01-15 04:23 |