In UK, this company is probably “too big to fail”….Like I said. You’ll see BP get sold to Petro China, CNOOC, or another state-run Chinese oil company before touching Brit pension payments. The Brit government is gonna get involved……And our government will back-peddle the moment BP starts “talking” about a chinese acquisition, kinda like how Unocal was handled, since obviously, some congressmen think a potential chinese ownership of oil asset that U.S. dependent on, would be a national security issue…just like Unocal.
““When you consider the huge exposure of British pension funds to BP and the BP share price and the vital importance of BP then I do think it starts to become a matter of national concern if a great British company is being continually beaten up on international airwaves,” he told BBC Radio Thursday.
“What people forget is that if anyone breaks a pipeline, you’d thank god that it was a company that can actually pay for it,” Mr. Urquhart Stewart said.
Some business leaders on Thursday urged the British government to come to BP’s defense.
But Reuters quoted Prime Minister David Cameron as saying, “This is an environmental catastrophe. BP needs to do everything it can to deal with the situation, and the U.K. government stands ready to help. I completely understand the U.S. government’s frustration.”
Earlier, a spokeswoman for Mr. Cameron said the prime minister would be discussing the issue with President Obama in a weekend telephone call.”
Ironic, that we dumped tea into the harbor. In modern times, they’ve dumped oil into the gulf….
