Here’s some light relief if you’re invested in BP shares and you’re watching them plummet in value. (Well, you have to laugh – it’s likely to get worse before it gets better, even if we do see the positive return I for one expect).
If you work at BP, my apologies. As far as I can tell, you’re actually doing a pretty good job of handling an awful disaster.
But you’ve got to admit this BP video is pretty funny. (Do you think they’ll do me one for my misguided investment in Man Group if I ask nicely?)
Well, I must say that skit totally trivialised a very serious situation in a most irreverent and disrespectful manner….
.. and I laughed my socks off. Thanks for posting it 🙂
So you reckon the shares have further to fall, eh? If they bottom out the day my S&S ISA comes on line I think I’ll take a punt 😉
That’s a pretty funny video. It does shed some light on how ridiculous this whole situation is turning into.
.-= Kevin on: Yakezie Thursday =-.
@Macs – I wouldn’t presume to know whether the shares are going to go higher or lower in the short-term. The court cases haven’t even begun yet, there’s oil everywhere – there’s every chance they could go lower. What I personally think is that at these levels, the assets and business strength of the company should see it pull through all but the direst scenarios in the medium term, giving a potential opportunity to buy now when things look really bleak! (But do your own research, your decision etc. 🙂 )
@Kevin – Cheers for stopping by. Interestingly blunt blog title!
A US lawyer was on BBC Radio 4’s PM putting the potential legal liabilities at $50bn… gulp.
He’s suing for the share price drop, for the pelicans, the shrimps, and the fisherman etc. etc. etc. It did sound like they are going for the jugular.
But then the reports I have heard about the circumstances of the accident itself don’t make a happy story either. None of which seems to have been picked up in the media – yet.
Why does the person who posted this say he or she thinks the employees at BP are doing “a pretty good job?” Reports are now coming out that they have lied, hidden the extent of the disaster, are dividing communities by hiring people from one town and not another, not insisting that people mopping up the spill take proper health care precautions etc. etc. etc just as it was handled with the Exxon Valdez. Déja Vu all over again.
Hi Sharon. I think that because it’s a disaster. Bad things happen in disasters — the question is relatively speaking, what’s being done.
BP is spending billions on the cleanup, paying out compensation, trying various things ahead the relief drilling etc. Compare that to the US government’s response to Katrina, where it didn’t even wake up to the issue for a week, people were stranded in homes for days etc.
The US is very lucky a private company is in charge of this, as far as I can see.
When it eventually gets to court we’ll find out the pros and cons, and if BP has acted negligently or criminally then proceedings should be taken. But this has turned into a ludicrous witch hunt.
Yesterday Obama compared the oil spill to September 11th. A private company seeing a one-off never-before-seen accident in an attempt to provide US citizens with affordable oil, compared to a terrorist act. I’d be ashamed if he was my president, to be honest.
As to the extent of the disaster, how many Olympic swimming pools of oil do you think have been leaked?
10,000? 1,000,000?
Assuming 30,000 barrels of oil has been leaked a day, it’s less than 100. In an ocean.
It IS a disaster, and I’m a greenie who’d double the price of oil and move to alternative energy tomorrow if I was in-charge. But let’s have some perspective.
Here’s a case in point. Last night Obama said he would fight the oil slick “with everything he’s got” yet have you seen a single soldier in the footage on the beaches? I haven’t.
I’ve seen endless reports of locals saying “where is the Government?” BP hasn’t got the luxury of spouting hot air and doing nothing.
The US hasn’t even repealed the Jones Act which limits non-US traffic in US waters, and so hinders the number of boats that can help with the cleanup.
Don’t believe the hype.
It’s called politics… politicians don’t solve problems, they look for people to blame and sometimes make things better by doing so but more often make a hash of it. Companies have to solve problems because otherwise they don’t make a cent…
After reading this – I seriously hope you US PEOPLE – citizens, the voters, the folks who SHOULD own your own country .. have the power to see the whole intricate web of criminals dragged through the courts for what they’ve done and not done in contributing to this fiasco.
Good luck people.
Yap your right this is a funny video indeed.
Lets just hope the clean up operation by the oil spill will be completely done.
@Paul – At least the well is now plugged. Clean up will take a while longer.