Markets

How To Invest In Property In The Oil Spill Zone

[credit provider=”www.apimages.com” url=”http://www.apimages.com”] With BP finally capping the oil leak (hopefully, permanently), the bulls have come out to play. And not just in the stock market.Broyhill Asset Management thinks there’s profits to be made by investing in real estate in the oil spill zone with companies like Florida-based St. Joe […]
How To Invest In Property In The Oil Spill Zone
Markets

Boone Pickens: It’s Time To Load Up On BP Shares

[credit provider=”T. Boone”] Given T. Boone Pickens’ penchant for pushing legislation which benefits his investments, as has been the case with alternative energy, we can now comfortably guess he’s against an offshore drilling ban.That’s because he’s the latest BP bull:
Boone Pickens: It’s Time To Load Up On BP Shares
Markets

Here’s What Peak Oil Prophets Are Failing To Consider

A lot of otherwise normal, well-functioning persons are firm believers in the idea that global oil production has irrevocably peaked — or is soon to peak irrevocably. Whether such a peak will result in total global collapse, or simply lead to widespread economic hardship, is a point of contention within […]
Here’s What Peak Oil Prophets Are Failing To Consider
Markets

BP Now Up 35% From Its Lows

Just a heads up: Between the talk of asset sales, a possible acquisition (seems doubtful, but it’s out there), and the possibility of capping the well, shares of BP are continuing to rise.
BP Now Up 35% From Its Lows
News

Dear Obama, Here’s Why Everyone Thinks You’re Anti-Business

[credit provider=”The White House via Flickr” url=”http://www.flickr.com/photos/whitehouse/sets/72157624332927216/”] Last week The White House began a major offensive to convince the private sector that it’s not actually anti-business.It probably won’t accomplish all that much on that front, but what’s important is the acknowledgment that this is becoming a real issue.
Dear Obama, Here’s Why Everyone Thinks You’re Anti-Business
News

New Study Says 20% Of Oilspill Relief Workers Exposed To Toxic Chemical That Sickened Valdez Workers

[credit provider=”United States Coast Guard” url=”http://cgvi.uscg.mil/media/main.php?g2_itemId=841814″] Elena Schor of Greenwire reports:In an under-the-radar release of new test results for its Gulf of Mexico oil spill workers, BP PLC is reporting potentially hazardous exposures to a now-discontinued dispersant chemical — a substance blamed for contributing to chronic health problems after the […]
New Study Says 20% Of Oilspill Relief Workers Exposed To Toxic Chemical That Sickened Valdez Workers
Markets

Middle Eastern Investors Are Dying For A Piece Of BP’s Environmental Credentials

[credit provider=”AP”] Middle Eastern investors have reportedly considered becoming strategic investors with troubled BP, and BP shares have themselves been on rebound lately, fuelled by this news and the progress of its relief wells.Still, what’s most peculiar about Middle Eastern interest is that BP’s most prized assets aren’t its conventional […]
Middle Eastern Investors Are Dying For A Piece Of BP’s Environmental Credentials
News

BP Sets Ambitious New Target For Fixing The Leak

Well… July 27th wouldn’t have sounded ambitious back in APRIL (!) when the leak first happened, but given that previous estimates were for the relief wells to work at some point in the middle of August, this is ambitious.
BP Sets Ambitious New Target For Fixing The Leak
News

Amazing Photos Of U.S. Coast Guard Helicopters In Action In The Gulf Of Mexico

[credit provider=”United States Coast Guard” url=”http://cgvi.uscg.mil/media/main.php?g2_itemId=841814″] Oil from the Deepwater Horizon gusher has been spilling in the Gulf of Mexico for about 80 days now.While BP has hired its own clean-up crew, the U.S. Coast Guard has been on the oil spill front lines as well.
Amazing Photos Of U.S. Coast Guard Helicopters In Action In The Gulf Of Mexico
Markets

BP Is Hawking Itself To Middle East Investors For Bailout Cash

BP is pitching itself to potential strategic investors in Abu Dhabi, Qatar, and Kuwait, hoping to bolster its finances without asking for a government bailout, and to also protect it from potential M&A activity in the industry.They’ve taken a page right out of the old Barclays playbook:
BP Is Hawking Itself To Middle East Investors For Bailout Cash
Markets

BP And This Shocking Video Could Crush America’s Shale Gas Revolution

As American anti-drilling passions run hot thanks to BP’s gulf oil disaster, environmental groups have been taking advantage of the momentum to attack U.S. land-based shale gas drilling. You may recall that shale gas technology offers to deliver vast amounts of cheap, domestically-produced natural gas to the U.S..
BP And This Shocking Video Could Crush America’s Shale Gas Revolution
News

Here Is What Is Really To Blame For The BP Mess

The Deepwater Horizon oil spill has been blamed on a myriad of different people, including BP‘s CEO Tony Hayward, U.S. President Barack Obama, U.S. President George W. Bush, and oil consuming Americans. And while all those people had a part to play in the accident, the real fault here is […]
Here Is What Is Really To Blame For The BP Mess
Markets

BP CDS Activity Continues To Surge

The Deepwater Horizon oil spill remains the central catalyst to movements in the CDS markets. BP has seen its activity continue to rise since the start of the spill, but other companies involved in the spill, like Anadarko and Transocean, have seen the amount of activity in their CDS decrease.
BP CDS Activity Continues To Surge
Markets

Tony Hayward Benched, BP Says

According to Sky News, BP’s Chairman Carl-Henric Svanberg has said BP CEO Tony Hayward has been relieved of command of day to day operations in the Gulf. 
Tony Hayward Benched, BP Says
News

Who Died And Made BP The King Of The Gulf Of Mexico?

There is one question that I would really like an answer to.  Who died and made BP king of the Gulf of Mexico?  In recent weeks, BP has almost seemed more interested in keeping the American people away from the oil spill than in actually cleaning it up. 
Who Died And Made BP The King Of The Gulf Of Mexico?
US

BP Using Mercenaries To Prevent Journalists From Talking To Workers

A reporter for local New Orleans news station WDSU tried to interview some BP employees on a beach in Louisiana and was met by a BP-hired security guard and was told he shouldn’t disturb the workers reports The Consumerist. According to the video (shown below), the media needs to stay […]
BP Using Mercenaries To Prevent Journalists From Talking To Workers
Markets

Jim Chanos Reveals His Latest Victims: Ford, And A Host Of Big Oil Majors

[credit provider=”Bloomberg”] On Bloomberg, famed short-seller Jim Chanos has revealed his latest shorts. While he’s not short BP (he’s looked at it, but can’t figure out a bet one way or another), he is short other big oil majors.Why? The cost of drilling and exploration is going up, and it’s […]
Jim Chanos Reveals His Latest Victims: Ford, And A Host Of Big Oil Majors
Markets

BP Credit Default Swaps Are Staging A Massive Rally

The market has suddenly become much more confident in the prospects for BP, as shown by an enormous rally in the company’s credit default swaps (CDS). BP’s CDS spread dropped nearly 20% to just under 462 basis points according to CMA Datavision.
BP Credit Default Swaps Are Staging A Massive Rally
News

Could BP’s Total Costs Hit $83 BILLION?

[credit provider=”BP”] BP announced today that it’s setting aside $20 billion in an escrow account, witch Kenneth Feinberg will disburse to those victims who were damaged in some economic manner.But this is just a fund for economic damage, and won’t protect it against all sorts of other legal costs.
Could BP’s Total Costs Hit $83 BILLION?
News

Meanwhile, This Is Happening Right Now

Just in case you hadn’t looked at it in a while, we feel compelled to bring this back, and point out that oil continues to rage headlong from the centre of the Earth right into the Gulf of Mexico. Apparently 90% of the flow is expected to be captured soon. […]
Meanwhile, This Is Happening Right Now
News

Obama: Don’t Worry Britain, We’re Only After BP

[credit provider=”The White House”] President Barack Obama is trying to calm the storm that has erupted because of his comments linking BP to the country that used to own it, the United Kingdom.Today Obama said that his attacks on BP have, “nothing to do with national identity.”
Obama: Don’t Worry Britain, We’re Only After BP