- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Is BP's downfall good for America?
Posted on 7/11/10 at 11:37 am
Posted on 7/11/10 at 11:37 am
BP is looking to liquidate twelve billion dollars of its assets. Why is this not a good thing for America? While 40% of BP stock is held by Americans, the majority is not. Does BP's slow collapse mean good things for the US economy, since in the wake of BP's devaluing, other oil companies, including nearly 100% American owned companies, will fill the void created by BP's loss? The same amount of oil will be produced, but now more of it will come from predominantly American companies. Explain why this big picture scenario is wrong (but I do understand BP employs Americans, so you need not mention it).
2
Posted on 7/11/10 at 11:56 am to Charles Bronson
The Chinese and Shell are the two main players to take over/buy BP assets
Exxon/Mobile has shown interest.
Exxon/Mobile has shown interest.
This post was edited on 7/11/10 at 11:57 am
Posted on 7/11/10 at 3:57 pm to GREENHEAD22
BP isn't going away. 12 billion in assets isn't that much in the way of BP's totality.
Posted on 7/11/10 at 6:05 pm to omegaman66
+1 there amount of tangible assets are some where in the range of 600-700 billion, they are not hurting by a long shot.
Whats not good for America is this moratorium, Diamond just sent another rig out of country.
Whats not good for America is this moratorium, Diamond just sent another rig out of country.
This post was edited on 7/11/10 at 6:08 pm
Posted on 7/11/10 at 7:09 pm to GREENHEAD22
I never said BP was going to go bankrupt, but it's certain BP is losing a lot of money. Who are the big winners in BP's loss? Do those winners benefiting benefit America?
Posted on 7/11/10 at 10:13 pm to Charles Bronson
BP employs alot of Americans especially here in the GOM so if another American company gets some of there assets would be the best situation.
Posted on 7/11/10 at 11:26 pm to GREENHEAD22
Posted on 7/11/10 at 11:45 pm to Charles Bronson
quote:
Who are the big winners in BP's loss?
I wonder how much they will donate to obama the next time around?
Posted on 7/12/10 at 3:49 am to Charles Bronson
[quote]The U.S. government has told Exxon that it will not stand in its way if it chooses to attempt a takeover. Read more: LINK ]
Obama has already picked the winner.
Obama has already picked the winner.
Posted on 7/12/10 at 5:49 am to cajunpiranha
Any takeover of BP will cost $300 Billion+
Its not going to happen.
Its not going to happen.
Posted on 7/12/10 at 8:46 am to C
Yea I highly doubt there will be any type of takeover. Even Exxon, the biggest, cant afford to with out putting its self at risk. However major sell offs are diff coming. Its not that BP doesnt have the $, they dont have the cash on hand. Some major liquidations will probably be needed.
Notice how any deep water GOM assets are not in the deals.
LINK
Notice how any deep water GOM assets are not in the deals.
LINK
Posted on 7/12/10 at 10:32 am to GREENHEAD22
Linky
Apache - looking at Alaskan Assets
ExxonMobil and Chevron also showing interest in buyout.
BP prepairing a defense.
Apache - looking at Alaskan Assets
ExxonMobil and Chevron also showing interest in buyout.
BP prepairing a defense.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News