BP criticised by Russian president over Rosneft debacle
BP chief executive Bob Dudley suffers blow after Dmitry Medvedev criticises both sides for failure to do due diligence over Arctic tie-up Russian president Dmitry Medvedev takes questions from journalists during a press conference in Skolkovo, Russia, during which he criticised BP and Rosneft.
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#1 May 19, 2011
BP Big Bosses are being called out
Better keep BP on a Short Leash
By Dwight Baker
May 19, 2011
Dudley is already under fire from City shareholders over the collapse of his plans for a share swap and Arctic exploration partnership deal with Rosneft, which was meant to give BP a new start after the problems in the Gulf of Mexico last year.
Medvedev did not mention Dudley by name and is also believed to have been aiming his remarks at former Rosneft chairman Igor Sechin, but his words will hit home at BP London headquarters
Ocean scientists in the Gulf of Mexico have found giant plumes of oil coagulating at up to 1,300 metres 4624 feet below the surface, raising fears that the BP oil spill may be larger than thought and that it might create huge "dead zones".
The largest plume found so far was 90 metres about 26 feet thick, three miles wide and 10 miles long.
Now the giant negative facing BP Big Bosses is who and how much is it going to cost to clean up our Gulf.
One revenue source that could be used -----
Estimated daily produciton of oil from the Thunder Horse, Atlantis and Mad Dog platforms is about 400,000 barrels per day. Thus the monthly intake of cash at $110 per barell would be about $1.320 billion per month but out of that would come percentages owed to partners and operaitonal cost. Per year about $16 billion. But BP agreed to pay into the fund for the vicitims $1.25 billion every quarter.
Dont let the math get you down---BP has already figured let them go down.
Now the flumes must come out ---- and that is going to cost trillions. And could take decades and maybe a century to do. So what BP thought they had is all but gone. Now those in higher BP management are just doing their time trying to make one more thin dime.
John D Rockefeller said Best time to buy is when blood is running in the streets Looks to me that BP will soon be on the chopping blocks. But then who is going to clean up our Gulf? What about our hired hands in Washington DC, will they watch our backs?
Better Keep BP on a Short Leash
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