BP Rumormill Update: Sunday Times Reports Exxon And Chevron Receive Green Light From Obama To Plot Takeoverby Tyler Durden, Zero HedgeJul. 12, 2010 |
Bill Kristol: My Fellow White Americans Are 'The Enemy'
'The First Live-Streamed Genocide': Al Jazeera Documentary Exposes Israeli War Crimes in Gaza
Biden's Lebanon Envoy, Ex-Israeli Soldier Amos Hochstein, Gave Israel 'Green Light' to Invade Lebanon
WATCH: New Film 'Atrocity Inc' Exposes How Israel Lied About October 7th to Justify Genocide
Israel Detains American Journalist for Reporting on Damage from Iran's Strikes [UPDATE]
You know someone is losing (a lot of) money when the heavy artillery of the rumormill department goes into overdrive. According to the Sunday Times, the Obama administration has given its blessing to Exxon and Chevron to consider takeover bids of the troubled major unimpeded. Because obviously any deal in the current environment must first and foremost get the Obama stamp of approval or else the Steve Rattners of the world will be sic-ed on your sorry derriere, and before you know it your equity will be trading above your vendor payables in right of guarantee. It is refreshing to know that the other majors can somehow handicap the outcome of the tens if not hundreds of billions in liabilities that will tie down BP in random lawsuits for decades, and that will make WR Grace et al seem like a PG-13 dress rehearsal for Scores when Lindsay Lohan is in town. More from Dow Jones/WSJ, this time presumably without the Fed's preclearance: U.S. oil major Exxon has sought clearance from Washington DC to examine a takeover bid for BP PLC (BP.LN), according to the Sunday Times. |