Best of the Week
Most Popular
1. US Housing Market House Prices Bull Market Trend Current State - Nadeem_Walayat
2.Gold and Silver End of Week Technical, CoT and Fundamental Status - Gary_Tanashian
3.Stock Market Dow Trend Forecast - April Update - Nadeem_Walayat
4.When Will the Stock Market’s Rally Stop? - Troy_Bombardia
5.Russia and China Intend to Drain the West of Its Gold - MoneyMetals
6.BAIDU (BIDU) - Top 10 Artificial Intelligence Stocks Investing To Profit from AI Mega-trend - Nadeem_Walayat
7.Stop Feeding the Chinese Empire - ‘Belt and Road’ Trojan Horse - Richard_Mills
8.Stock Market US China Trade War Panic! Trend Forecast May 2019 Update - Nadeem_Walayat
9.US China Trade Impasse Threatens US Lithium, Rare Earth Imports - Richard_Mills
10.How to Invest in AI Stocks to Profit from the Machine Intelligence Mega-trend - Nadeem_Walayat
Last 7 days
S&P 500 Stuck at 2,900, Still No Clear Direction - 17th June 19
Is Boris set to be the next Conservation leader? - 17th June 19
Clock’s Ticking on Your Chance to Profit from the Yield Curve Inversion - 17th June 19
Stock Market Rally Faltering? - 17th June 19
Johnson Vs Gove Tory Leadership Contest Grudge Match Betfair Betting - 17th June 19
Nasdaq Stock Index Prediction System Is Telling Us A Very Different Story - 17th June 19
King Dollar Rides Higher Creating Pressures On Foreign Economies - 17th June 19
Land Rover Discovery Sport Tailgate Not Working Problems Fix (70) - 17th June 19
Stock Market Outlook: is the S&P today just like 2007 or 2016? - 17th June 19
US China War - Thucydides Trap and gold - 16th June 19
Gold Stocks Bull Upleg Mounting - 16th June 19
Gold Price Seasonal Trend Analysis - Video - 16th June 19
Fethiye Market Fruit, Veg, Spices and Turkish Delight Tourist Shopping - 16th June 19
US Dollar Gold Trend Analysis - 15th June 19
Gold Stocks “Launch” is in Line With Fundamentals - 15th June 19
The Rise of Silver and Major Economic Decline - 15th June 19
Fire Insurance Claims: What Are the Things a Fire Claim Adjuster Does? - 15th June 19
How To Find A Trustworthy Casino? - 15th June 19
Boris Johnson Vs Michael Gove Tory Leadership Grudge Match - Video - 14th June 19
Gold and Silver, Precious Metals: T-Minus 3 Seconds To Liftoff! - 14th June 19
Silver Investing Trend Analysis - Video - 14th June 19
The American Dream Is Alive and Well - in China - 14th June 19
Keeping the Online Gaming Industry in Line - 14th June 19
How Acquisitions Affect Global Stocks - 14th June 19
Please Don’t Buy the Dip in Nvidia or Other Chip Stocks - 14th June 19
A Big Thing in Investor Education is Explainer Videos - 14th June 19
IRAN - The Next American War - 13th June 19
Boris Johnson Vs Michael Gove Tory Leadership Grudge Match Contest - 13th June 19
Top Best VPN Services You Can Choose For Your iPhone - 13th June 19
Tory Leadership Contest Betting Markets Forecast - Betfair - 13th June 19
US Stock Market Setting Up A Pennant Formation - 13th June 19
Which Stocks Will Lead The Cannabis Rebound? - 13th June 19
The Privatization of US Indo-Pacific Vision - Project 2049, Armitage, Budget Ploys and Taiwan Nexus - 12th June 19
Gold Price Breaks to the Upside - 12th June 19
Top Publicly Traded Casino Company Stocks for 2019 - 12th June 19
Silver Investing Trend Analysis - 12th June 19
Why Blue-Chip Dividend Stocks Aren’t as Safe as You Think - 12th June 19
Technical Analysis Shows Aug/Sept Stock Market Top Pattern Should Form - 12th June 19
FTSE 100: A Top European Index - 12th June 19
Gold Surprise! - 11th June 19
How Forex Indicators are Getting Even More Attention in the Market? - 11th June 19
Stock Market Storm Clouds on the Horizon - 11th June 19
Is Your Financial Security Based On A Double Aberration? - 11th June 19
What If Stocks Are Wrong About Interest Rate Cuts? - 11th June 19
US House Prices Yield Curve, Debt, QE4EVER! - 11th June 19
Natural Gas Moves Into Basing Zone - 11th June 19
U.S. Dollar Stall is Good for Commodities - 11th June 19
Fed Running Out of Time and Conventional Weapons - 11th June 19
Trade Wars Propelling Stock Markets to New Highs - 11th June 19
Best Travel Bags for Summer Holidays 2019, Back Sling packs, water proof, money belt, tactical - 11th June 19
Betting on Next British Prime Minister Tory Leadership Betfair Markets Forecast - 10th June 19
How Can Stock Market Go Up When We’re Headed Towards a Recession? - 10th June 19
If You Invest in Dividend Stocks, Do This to Double Your Returns - 10th June 19
Reasons for the Success of the Dating Market - 10th June 19
Gold Price Trend Analysis - Video - 10th June 19
US Stock Markets Rally Hard – Could Another Big Upside Leg Begin? - 10th June 19
Stock Market Huge Cosmic Cluster Ahead: Buckle Up! - 10th June 19
Stock Market Higher To Go? - 10th June 19
The Gold Price Golden Neckline… - 10th June 19
Gold Price Seasonal Trend Analysis - 9th June 19
The Fed Stops Pretending - 9th June 19
Fed Rate Cuts Soon; Bitcoin Enthusiasts Join Wall Street in Bashing Gold - 9th June 19
1990s vs. 2010s - Which Expansion Will be Better for Gold? - 9th June 19
Gold Price Trend Analysis, MACD, Trend Channels, Support / Resistance - 8th June 19
Gold Surges Near Breakout - 8th June 19
Could Gold Rally Above $3750 Before December 2019? - 8th June 19
5 Big Lies About Precious Metals Investing Exposed - 8th June 19

Market Oracle FREE Newsletter

Gold Price Trend Forecast Summer 2019

British Government Defends BP

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

By: Michael_T_Bucci


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.


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 - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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