The rig explosion in April 20 has caused BP’s shares to fall sharply and reach its lowest drop in 13 years, down to 12 percent according to Thursday’s morning data. This company, Beyond Petroleum, is based in London and is one of the oil giants of the United Kingdom, with its desire to create environment friendly solutions, but now it’s reputation is highly tarnished due to what many consider as the worst oil spill in history, and the most expensive.

In fact, this situation has already caught the attention of the British government, and even the United States government, as Barack Obama promises to give any kind of support just to stop the leak, including military support and whatnot. Ultimately though, President Obama stated that BP will be responsible for all the costs. David Cameron, UK Prime Minister, and President Obama will discuss this issue over the phone this weekend.

BP has always been looked at as dependable in terms of paying dividends. Many people, especially retirees and those who need an income that is steady, have held to BP, and of all British stocks, it is one of the most held. Because of the oil spill, capitalization of BP’s market has dropped by half ever since the leak. Furthermore, pressures from Washington are mounting, and it’s possible that the Justice Department will take part.

© admin for Work at Home News, 2010. | Permalink | No comment | Add to del.icio.us
Post tags: Barack Obama, bp, british government, british stocks, capitalization, david cameron, dividends, gulf of mexico, oil giants, oil spill, united states government

Related posts

• New Hope for BP Oil Spill with Cap Success (0)
• Oil Price Around $71 Due to Euro Zone Crisis Concerns (0)
• US Chicken Exports to China Compromised (0)
• PETA Censures Obama Over Fly Swatting on Live TV (2)
• BP Seal Gets 24 More Hours from US Government (0)

White House Press Secretary Robert Gibbs has announced last Thursday that President Barack Obama’s trip to Australia and Indonesia will have to be rescheduled. He did not mention any specific reason for the postponement.

Some sources say the postponement is due to the president’s focus on cleaning up the oil spill. It is estimated that up to 798,000 gallons of oil are still endangering our seas.

This is actually the third time his trip to Asia has been rescheduled. Previously, Obama had to do the same twice because of his need to remain in Washington. At that time in March, the House was voting on the health care bill.

Obama expressed his regret in postponing the trip yet again. He delighted in the new plan though to meet with Australian Prime Minister Kevin Rudd and Indonesian President Susilo Bambang Yudhoyono when they are in Canada instead. They will be going to Toronto to attend the G-20 summit later this month.

Both parties fully understand the situation Obama is in. The spokesperson of the Indonesian president said “President Susilo Bambang Yudhoyono fully understands the need for President Obama to remain in the United States and deal with the worst environmental disaster in the country’s history.”

The Gulf Coast oil spill is one of the largest and most devastating to date. Half a million gallons of crude oil are spilling everyday from that undersea well. As of now, around 40 million gallons of oil have drifted into the Gulf since the disaster on April 20.

© admin for Work at Home News, 2010. | Permalink | No comment | Add to del.icio.us
Post tags: Asia trip, Australia, Barack Obama, health care bill, oil spill, Robert Gibbs

Related posts

• Worse Situation for BP Oil Leak: It Will End in December (0)
• Oil Price Around $71 Due to Euro Zone Crisis Concerns (0)
• PETA Censures Obama Over Fly Swatting on Live TV (2)
• US Chicken Exports to China Compromised (0)
• Louisiana State Bird in Danger (0)

The BP oil leak off the gulf of Mexico continues to worsen, and many predict that the worst possible scenario will be that the leak will stop by December. This is, according to Barack Obama, the worst environmental disaster in the history of the United States.

Thus far, BP’s efforts to plug the leak are not working. Worse, the coming hurricane season will only hinder the efforts. The consequences of a leaking well for up until Christmas will be detrimental to the environment. According to estimates, around 12,000 to 19,000 barrels are leaking every day.

This means unprecedented and unpredicted effects on the chemical composition of the ocean and effects on the species living on it. BP is quite unsure about their efforts, and there is no guarantee so far for their efforts to redirect the flow of the oil towards a boat on the ocean surface.

Of course, the even worse situation is when the leak will never be plugged. BP predicted that they can do it in three months, but some experts think that this is not possible. The upcoming hurricane season alone will force the boats collecting the oil to evacuate and leave the well leaking.

© admin for Work at Home News, 2010. | Permalink | No comment | Add to del.icio.us
Post tags: Barack Obama, bp, gulf of mexico, oil leak

Related posts

• Obama Reschedules Trip to Asia (0)
• Oil Spill Clean Up Workers Displaying Damaging Effects of Oil Exposure (0)
• BP Seal Gets 24 More Hours from US Government (0)
• US Chicken Exports to China Compromised (0)
• Oil Price Around $71 Due to Euro Zone Crisis Concerns (0)

China is now seeking to get even with President Barack Obama’s decision impose tariffs on their exported Chinese tires. What the Chinese government wants is to slash their American chicken imports! American traders are now worrying as they could lose their largest export market for chickens. The biggest number of exports on chicken to China are the wings and feet parts.



However, a Chinese trade expert revealed that the threat from the Chinese should not be taken seriously. He revealed that the Chinese really dig these chewy jumbo chicken feet they get from America. We can only hope that these distasteful exchange of international trade cuts would be resolved as both parties could end up losing in the end. To know more about this news story, please visit New York Times.

© admin for Work at Home News, 2009. | Permalink | No comment | Add to del.icio.us
Post tags: Barack Obama, chicken feet, China, US

Related posts

• US Optimistic about Economy and Commodities and Stock Rally (0)
• China Now an Internet Fan (0)
• Global Gold Prices Reduces to $1225 an Ounce (0)
• BP Shares Falling Further as Political Pressure Increases (0)
• PETA Censures Obama Over Fly Swatting on Live TV (2)

PETA has issued a statement that Obama “isn’t the Buddha, he’s a human being, and human beings have a long way to go before they think before they act.” For his actions shown during the CNBC interview last Tuesday, PETA sent President Obama a “humane” fly trapper that can “ethically” trap a fly then release it outside without harming it. A PETA spokesperson raised that we now could not definitely say that “Obama wouldn’t hurt a fly”, because he did. Below is a video of the controversial fly swatting of President Obama:

© admin for Work at Home News, 2009. | Permalink | 2 comments | Add to del.icio.us
Post tags: Barack Obama, fly swatting, PETA

Related posts

• Obama Reschedules Trip to Asia (0)
• BP Shares Falling Further as Political Pressure Increases (0)
• US Chicken Exports to China Compromised (0)
• Worse Situation for BP Oil Leak: It Will End in December (0)