One objective of this blog is to encourage productive discussion and debate within the "comments" forum. Leaving comments has been made easier. No registration is required. Comments can be left anonymously. A Hassle free and easy forum to leave a comment. However, any inappropriate comments will be deleted by blog administrators. Thank you for commenting so your voice can be heard.

Monday, July 12, 2010

ExxonMobil, Chevron Eye BP

Do either Exxon or Chevron need to be any bigger?  Don't we have enough trouble with "too big to fail?"

Well at least ExxonMobil knows a thing or two about how to deal with oil spills: The Telegraph says that ExxonMobil and Chevron have both sought permission from the White House to take over BP. No offer has been made yet, but the Telegraph says BP is preparing a defense plan, which it will unveil with its second-quarter results on July 27. Perhaps this explains why BP is in talks with oil-and-gas-producer Apache Corp. to sell as much as a $10 billion stake in BP’s Alaska operations—money BP badly needs to deal with the costs of the Gulf oil spill?

No comments:

Post a Comment