Remember when Obama’s crack Secretary of the Interior — Cowboy Ken Salazar – said he was putting his boot on BP’s throat and keeping it there “until” they paid up? Then, he and Obama demanded that BP set up a $20 billion account to fund recovery efforts.
- Side track: whatever happened to the recovery? Haven’t heard much about it lately, have you?
Well, I guess the boot can be lifted from BP’s throat now … thanks to the Russians.
The NY Times reports:
Russian companies are talking to BP about buying billions of dollars in oil fields and other assets to help it pay its gulf cleanup and compensation costs.
Along with a partner, BP is planning to explore the rich oil fields in Russia’s Arctic waters, a region that is off limits in the United States and Canada.
And BP’s chief executive, Tony Hayward, who is turning over the reins this Friday to Robert Dudley, is being welcomed onto the board of TNK-BP, the company’s 50-50 joint venture in Russia.
NY Times, In Russia, BP Sees a Second Act, September 29, 2010
Though BP seems doomed to years of hostile regulation and lawsuits in the United States, in Russia, the second-most important country for the company’s operations, BP’s fortunes are brighter than ever.
Guess we showed them.
The Homa Files 
Leave a comment