BP - SHUT THE FUCK UP, OBAMA!

BP SHARES RISE IN BACKLASH AGAINST ATTACKS BY OBAMA
    

BP SHARES bounced back yesterday amid growing anger over President Barack Obama’s attacks on the British oil giant.

The markets were buoyed by pressure on politicians here from business leaders to stick up for Britain over reports that BP faces a £4billion bill for cleaning up the Gulf of Mexico oil spill.

The clean-up costs come after experts estimated in excess of 50,000 barrels of oil a day are spewing out – 10 times the figure given after the Deepwater Horizon rig sank on April 22. But the company was boosted by news that it had captured 15,400 barrels on Thursday and 88,700 barrels since a cap was installed over the leak a week ago. A “hard cap” system will be in place by mid-July, bringing oil-siphoning capacity up to 50,000 barrels per day, US Coast Guard Admiral Thad Allen said.

BP’s shares have declined more than 40 per cent since the disaster, wiping £50billion from its market value but yesterday its shares rose 7.2% erasing much of Thursday’s loss.

BP chairman Carl-Henric Svanberg briefed Chancellor George Osborne about the leak yesterday. Afterwards he said: “We have done everything we can… and we have said we would do everything expected in cleaning up.” Asked if the Prime Minister needed to back the company, he said: “No comment.”

David Cameron was criticised yesterday after refusing to back Boris Johnson, the Mayor of London, who complained of “anti-British rhetoric”. He is due to talk to President Obama by telephone today. A source said: “He’s not going to be giving the President a dressing down.”  

But former trade minister Lord Jones said: “I would expect him to stand up more for a British company.”

FULL STORY IN THE DAILY EXPRESS 

BALLS, DAVE...... TRY GROWING A PAIR!