Best of the Week
Most Popular
1. 2019 From A Fourth Turning Perspective - James_Quinn
2.Beware the Young Stocks Bear Market! - Zeal_LLC
3.Safe Havens are Surging. What this Means for Stocks 2019 - Troy_Bombardia
4.Most Popular Financial Markets Analysis of 2018 - Trump and BrExit Chaos Dominate - Nadeem_Walayat
5.January 2019 Financial Markets Analysis and Forecasts - Nadeem_Walayat
6.Silver Price Trend Analysis 2019 - Nadeem_Walayat
7.Why 90% of Traders Lose - Nadeem_Walayat
8.What to do With Your Money in a Stocks Bear Market - Stephen_McBride
9.Stock Market What to Expect in the First 3~5 Months of 2019 - Chris_Vermeulen
10.China, Global Economy has Tipped over: The Surging Dollar and the Rallying Yen - FXCOT
Last 7 days
Stock Market VIX Volaility Analysis - 19th Mar 19
FREE Access to Stock and Finanacial Markets Trading Analysis Worth $1229! - 19th Mar 19
US Stock Markets Price Anomaly Setup Continues - 19th Mar 19
Gold Price Confirmation of the Warning - 18th Mar 19
Split Stock Market Warning - 18th Mar 19
Stock Market Trend Analysis 2019 - Video - 18th Mar 19
Best Precious Metals Investment and Trades for 2019 - 18th Mar 19
Hurdles for Gold Stocks - 18th Mar 19
Pento: Coming QE & Low Rates Will Be ‘Rocket Fuel for Gold’ - 18th Mar 19
"This is for Tommy Robinson" Shouts Knife Wielding White Supremacist Terrorist in London - 18th Mar 19
This Is How You Create the Biggest Credit Bubble in History - 17th Mar 19
Crude Oil Bulls - For Whom the Bell Tolls - 17th Mar 19
Gold Mining Stocks Fundamentals - 17th Mar 19
Why Buy a Land Rover - Range Rover vs Huge Tree Branch Falling on its Roof - 17th Mar 19
UKIP Urged to Change Name to BNP 2.0 So BrExit Party Can Fight a 2nd EU Referendum - 17th Mar 19
Tommy Robinson Looks Set to Become New UKIP Leader - 16th Mar 19
Gold Final Warning: Here Are the Stunning Implications of Plunging Gold Price - 16th Mar 19
Towards the End of a Stocks Bull Market, Short term Timing Becomes Difficult - 16th Mar 19
UKIP Brexit Facebook Groups Reveling in the New Zealand Terror Attacks Blaming Muslim Victims - 16th Mar 19
Gold – US Dollar vs US Dollar Index - 16th Mar 19
Islamophobic Hate Preachers Tommy Robinson and Katie Hopkins have Killed UKIP and Brexit - 16th Mar 19
Countdown to The Precious Metals Gold and Silver Breakout Rally - 15th Mar 19
Shale Oil Splutters: Brent on Track for $70 Target $100 in 2020 - 15th Mar 19
Setting up a Business Just Got Easier - 15th Mar 19
Stock Market Elliott Wave Analysis Trend Forercast - Video - 15th Mar 19
Gold Warning - Here Are the Stunning Implications of Plunging Gold Price - Part 1 - 15th Mar 19
UK Weather SHOCK - Trees Dropping Branches onto Cars in Stormy Winds - Sheffield - 15th Mar 19
Best Time to Trade Forex - 15th Mar 19
Why the Green New Deal Will Send Uranium Price Through the Roof - 14th Mar 19
S&P 500's New Medium-Term High, but Will Stock Market Uptrend Continue? - 14th Mar 19
US Conservatism - 14th Mar 19
Gold in the Age of High-speed Electronic Trading - 14th Mar 19
Britain's Demographic Time Bomb Has Gone Off! - 14th Mar 19
Why Walmart Will Crush Amazon - 14th Mar 19
2019 Economic Predictions - 14th Mar 19
Tax Avoidance Bills Sent to Thousands of Workers - 14th Mar 19
The Exponential Stocks Bull Market Explained - Video - 13th Mar 19
TSP Recession Indicator - Criss-Cross, Flip-Flop and Remembering 1966 - 13th Mar 19
Stock Investors Beware The Signs Of Recession / Deflation - 13th Mar 19
Is the Stock Market Still in a Bear Market? - 13th Mar 19
Stock Market Trend Analysis 2019 - 13th Mar 19
Gold Up-to-Date' COT Report: A Maddening Déjà Vu - 12th Mar 19
Save Fintech? Ban Short Selling. It's Not That Simple - 12th Mar 19
Palladium Blowup Could Expose Scam of Gold & Silver Futures - 12th Mar 19
Next Recession: Concentrating Future Losses & Bringing Them Forward In Time As Profits - 12th Mar 19
The Shift of the Philippine Peso Regime - 12th Mar 19
Theresa May BrExit Back Stab Deal Counting Down to Resignation, Tory Leadership Election - 12th Mar 19
Phase 1 of Stock Market Correction - 11th Mar 19
Long Awaited Stock Market Pullback has Finally Arrived - 11th Mar 19
US Presidential Cycle and the Stock Market - Video - 11th Mar 19
Stock Market Elliott Wave Analysis Trend Forercast - 11th Mar 19
Chinese Economic Data Shakes the Global Stock Markets - 11th Mar 19
The Fed Is Playing a Dangerous Game - 11th Mar 19
The Stock Market Has Called the Fed’s Bluff, What’s Next? - 11th Mar 19
Turkey Holiday Bazaar Extreme Jewelry Price Haggling - Fethiye Market - 11th Mar 19

Market Oracle FREE Newsletter

Stock and Finanacial Markets Trading Analysis Worth

British Government Defends BP

Politics / Environmental Issues Jun 12, 2010 - 03:48 PM GMT

By: Michael_T_Bucci

Politics

Judging the British reaction to the Gulf crisis, the Conservatives have now redefined the stakes beyond those of BP market capitalization losses. As one wire-service headline framed it: "Britain sticks up for BP". Comments left at British sites show anti-Americanism new to an otherwise friendly and allied relationship. The British press has whipped America for Obama's clumsiness, bad language, poor diplomatic skills and histrionic threats; while the British nation seems perfectly groomed, if I am to believe the media, to identify themselves with BP, a private corporation.


Messrs Cameron and Osborne have defended the corporation, the stake-holders and the market capitalization value of BP. Reuter's headline, “Britain sticks up for BP” is a maliciously misleading one. Unless one hears otherwise from a majority of people in Britain on the subject, the headline correctly should read, “Cameron boosts BP shares”. Am I to believe the Conservatives will defend the banks and corporations above the people's welfare, livelihoods, property rights and ecology in Britain too, should BP oil flow into the Thames? Or is this sudden British nationalism just over pride, or from being insulted by Washington? Or is it a way to distract the British people from coming austerity measures that will drain their livelihoods like BP oil is now draining the lifeblood out of the Gulf Coast? Even in America Inc., few would identify and confuse their country with Exxon-Mobil. Have the Conservatives accomplished this task of privatizing the nation through creating mass allegiance to BP? If so, I'll conclude Britain Inc. is far ahead of America Inc.'s Conservative pack - and achieved in record time, no less!

Secondly, if corporations, the wealth sector and British press did pressure Cameron to publicly defend BP to cause its stock price to rise, as Reuters claims, this group does not constitute the “people” of Britain; yet Cameron implies as much. Are the people of Britain to be gauged by newspaper headlines, editorials and Government statements? I would reserve judgment; but think the British are much smarter than Murdock and Company would like you to believe.

If Cameron and Osborne are so inclined to defend BP’s capitalization value in the name of the British people, then maybe together they can defend it best by finding money to help fix the problem rather than by driving a wedge between two nations (and this applies to Washington). But Britain is now Conservative and America will need to wait at least until November to become like-minded (so think the Republicans).

Meanwhile, the oil flows, the market speculators make profits, the ecology dies, the people become sickened and poisoned and ... and the entire Florida and East Coasts sit on death-row awaiting word of a reprieve.

Politics and nationalism will not solve this crisis, and are only making matters worse.

Enough!

By Michael T Bucci

Michael T Bucci is a retired public relations executive from New Jersey presently residing in New England. His essays have appeared at Market Oracle and Global Research. He is the author of nine books on practical spirituality including White Book: Cerithous .

    © 2010 Copyright Michael T Bucci - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

Time
13 Jun 10, 20:24
In the name of Mammon, and Megalomania

In the name mammon and megalomania is what has happened. We can talk around the issue all we want. BP understood full well the risks. They knew them well enough to take out a three hundred million dollar insurance policy on hundred and fifty million dollar oil rig. They new full well to pay off anyone who knew they were in over their heads.

The government and big business are one and the same now. They call us to privatize the public sector. This means the public pays the private sector out right to do business. This is corporate socialism. The top 5% take it all.

Environmentally, the public must lose in its health, its wealth and prosperity. If they take a stand, they are called Eco- terrorists. The irony is the ruling classes is waging an economic and environmental war against the people. The talking heads well tell us they will clean it up- no problem! There is no way to clean it up and the people will end up paying for everything as sure as we paid the boys on Wall Street for their graft, fraud, theft and plundering.

Politics of the people like in the 1960's is everything. The snakes, the red carpet crowed must be chased to the sea and de- fanged. We can talk either in the tangled language of the elites or the clear language of the truth. When profit, and greed rule the land, the people die and suffer at the hands of the few. The few who would rather forsake the generations to a horror so they can count numbers and defaecate into gold toilet bowels.

For the people we must think in important matters diversity - in crucial matters unity. UK. Co or America Co must go and The People. Org must rule.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules