BP to USA: Don't mess with our oil fields or we won't pay you

[n2doc]

BP pledges Gulf of Mexico oil fields to spill fund
By Sarah YoungPosted 2010/10/01 at 8:08 am EDT

LONDON, Oct. 1, 2010 (Reuters) — BP, which faces U.S. opposition to drilling for oil in the Gulf of Mexico, named fields there that it will use to help finance its $20 billion fund for victims of the worst oil spill in U.S. history.

The oil major on Friday said it would channel revenue from a number of its fields in the Gulf, including Thunder Horse, Atlantis and Mad Dog, into its compensation fund.

"It's quite a clever thing that BP's done which is, here are our deep water Gulf of Mexico assets, and we're pledging overriding royalties as collateral which should suggest to the U.S. administration not to in any way meddle with these facilities," said Seymour Pierce analyst Alan Sinclair.

more

http://www.newsdaily.com/stories/tre6901oz-us-oil-spill-bp/

[RKP5637]

1. More and more corporations run the world and pull the strings of goverments... not a

good scenario.

[gratuitous]

2. Shrewd deal

After all, we're paying for the continuing occupation of Iraq with all the oil revenues they're generating. Not costing the American taxpayer a dime to have all those troops over there.

[librechik]

3. That's fucked up

but entirely predictable. I don't see how we can ever escape traps like this. These greedy corporate identities will kill us all.

[leveymg]

4. Here's another deal: Take the $20B out of the bank accounts of BP execs, and let them worry

about how to recover their earnings out of company revenues.

They have it ass-backwards from the way it normally works with mere mortals who get into trouble with the gov't, don't they?

[blindpig]

5. Fuck them

Expropriate without compensation.

Nationalize the energy sector

[Kolesar]

6. The US pays BP to manage fuel distribution for the Pentagon. We could change vendors.

Throw a spanner into their planning numbers.

[metapunditedgy]

7. It's not clever, it's corrupt. If the US gov't doesn't play along, it doesn't work.

I suppose a game of chicken looks cool until the very end, especially if both sides agreed ahead of time how it will turn out.

It's "business as usual" until BP execs are in jail.

[davidwparker]

8. So, seize their assets and have a sale. Apply the money

to what they owe to clean it all up. Raise their rates if they decide to drag themselves here to cover any balance, after strict regulation is in place.

This stuff is not difficult.

[dipsydoodle]

9. That is the opinion

of Seymour Pierce analyst Alan Sinclair , nothing more and the actual headline of BP pledges Gulf of Mexico oil fields to spill fund is actully more appropriate being at least factual.

BP had already made clear ages ago that some of the escrow account would be funded by asset disposal and some by channeling revenue from Gulf fields.

Shut down their revenue by all means, but allowing for the fact you may not possibly cannot fathom the immensity of the fuck I do not give about what you do, IF you were to do so then at least be aware that in doing so you may well say goodbye to the escrow a/c.