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19 Jun 2010 14:22

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World: What’s BP CEO Tony Hayward doing this weekend? Riding a yacht

Dude’s gonna get his life back, no matter how terrible the PR disaster is going to be for his company. He wants it back so much it hurts. source
Posted by Ernie Smith • 2 Comments • Permalink

19 Jun 2010 09:46

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Biz: Oil disaster: Fellow oil well owner Andarko throws BP under the bus

  • 65% of the oil well is owned by BP, which has gotten the most attention for the spill so far
  • 25% of the well is owned by Anadarko, which blames BP for “reckless decisions and actions”
  • 10% of the well is owned by Mitsui, which is staying fairly quiet on the situation source
Posted by Ernie Smith • 0 Comments • Permalink

18 Jun 2010 16:22

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Biz: Good news! BP Chief Exec Tony Hayward is getting his life back!

  • Dude’s handing over the reins of the BP situation to someone else. A day after getting grilled (a lot) and apologized to (a little), the BP chief executive will be stepping aside and handing daily operations to Bob Dudley, an American oil executive who has been in a managing role since 2009.“It is clear Tony has made remarks that have upset people,” said BP Chairman Carl-Henric Svanberg, trying his best to do some damage control after a very rough day. source
Posted by Ernie Smith • 0 Comments • Permalink

15 Jun 2010 23:06

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Politics: Mitch McConnell on Obama’s speech: Don’t bring up climate change

  • Every day seems to bring more bad news about the size and scope of this crisis, and reversing that trend should be the president’s priority. The White House may view this oil spill as an opportunity to push its agenda in Washington, but Americans are more concerned about what it plans to do to solve the crisis at hand.
  • Senate Majority Leader Mitch McConnell • Emphasizing that climate change that Obama anchored tonight’s address on didn’t actually do anything about the problem currently on the ground. Which, let’s admit it, is both true and what Mitch was going to say. We don’t disagree with him but think the issues aren’t so clear-cut. source
Posted by Ernie Smith • 0 Comments • Permalink

15 Jun 2010 23:02

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Politics: The key 45 seconds from Obama’s oil spill speech tonight

  • Let’s face it. Obama’s good with discussing broad. But when it comes to specifics with the American people, he’s a little lacking. The truth of the matter is that there’s not really much new here. Pretty much the one thing that is new, or at least explained in better detail, is the BP escrow fund, which Obama had this to say about it: “This fund will not be controlled by BP. In order to ensure that all legitimate claims are paid out in a fair and timely manner, the account must and will be administered by an independent, third party.” source
Posted by Ernie Smith • 0 Comments • Permalink

13 Jun 2010 11:58

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U.S.: Obama wants BP to set aside oil spill money in an escrow account

Because, let’s face it guys, these pelicans deserve millions of dollars in damages after the crap they’ve been through. And humans, too. source
Posted by Ernie Smith • 0 Comments • Permalink

12 Jun 2010 13:42

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Politics: CNN spatwatch: James Carville basically calls Fareed Zakaria an idiot

  • “We want to eat our own shrimp! We don’t want to eat Indonesian shrimp!” Let’s admit that James Carville 1.) Is really entertaining when he’s talking about hitting someone with a “football bat” 2.) Has a really good point here which we actually touched upon in the last post and 3.) Is going to have to be careful not to run into Fareed when he’s walking around the office in the next few weeks. Wouldn’t you be emotional if you were from the Gulf, too?
Posted by Ernie Smith • 0 Comments • Permalink
 

12 Jun 2010 13:21

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U.S., World: David Cameron’s folks: Obama’s beef not with Britain, but with BP

  • President Obama said to the Prime Minister that his unequivocal view was that BP was a multinational global company and that frustrations about the oil spill had nothing to do with national identity.
  • A statement from David Cameron’s office • Discussing what Obama and Cameron talked about today. We could have told you this before the president even picked up the phone. “The President made clear that he had no interest in undermining BP’s value,” the note added. As we noted last night, the company is just as much American as it is British at this point. source
Posted by Ernie Smith • 0 Comments • Permalink

11 Jun 2010 20:50

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Biz, U.S.: Fun oil spill fact: BP is just as much American as it is British

  • 40% the amount of the company owned by British shareholders; another 40 percent is owned by Americans
  • 7.3% the amount BP’s stock went up in the U.K. after the British government gave them a show of support today
  • 3.5% the amount the stock went up in the U.S. after the announcement; it’s been sucking in recent weeks source
Posted by Ernie Smith • 0 Comments • Permalink

11 Jun 2010 20:42

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Biz: Own a home in the Gulf? To put it simply, you’re screwed. *sigh*

  • 10%
    decline     the amount the oil spill could depress home prices in the Gulf region
  • $4.3
    billion     the actual financial figure you could put on that total (holy crap) source
Posted by Ernie Smith • 0 Comments • Permalink
 
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