BP plc (BP)

All Comments on BP

  • commenter
    john s.
    gordon
    Aug 13 08:17 AM
    Russian Assertiveness Should Give Western Investors Pause [view article]
    clearly russian army invaded georgia to seize control of the ceyhan pipeline. question - when will russian army invade the azeri oilfields?
    > jack     Reply
  • commenter
    User 241790
    Aug 13 06:46 AM
    1,238 Billion Barrels of Oil Reserves: Is This an Oil Price Bubble? [view article]
    Peak oil is real make no mistake about it.
    What's not real is all the hoopla that goes around it such as mass starvation etc.
    There *are* solutions in the form of mass transit and electrified cars.
    Even hydrogen cars would work if they weren't so expensive and we didn't need to install so much infrastructure.

    No, the risk right now is that some idiot starts a war and causes a fast shutdown of oil exports before we have had enough of a chance to switch over to alternatives.     Reply
  • commenter
    akapital
    Aug 13 05:56 AM
    Energy Stocks Are Too Cheap to Ignore - Barron's [view article]
    As we make the transition from oil to alt energy I believe that oil companies will do just fine. It will be a long process and there will be a demand for oil for the foreseeable future. Oil companies will benefit either way, especially if they follow BP precendent by partnering with a company like VRNM. Ideally, oil companies themselves have been diversifying to facilitate the transition to alt fuels...the profit margins there are less subject to geopolitical factors. Reply
  • commenter
    CrossProfit
    Aug 13 02:09 AM
    My Website
    Houston to Obama: Smell the Oil [view article]
    forwoodenboats,
    Sorry for the delay...was a bit busy.

    In your second to last comment you raise the issue that I used the term 'windfall profits tax' instead of 'excess profit tax'. In your last comment, you correctly mention that 'excess profit tax' is related to an occurrence such as war and all those that benefited (beyond the norm) from the occurrence.

    Yes, this is what the article is about as well. Some Democrats are mixing the two terms together, while pitching to the public the term 'windfall profits tax'. My article allures to the correct usage and spells out clearly the yardstick used to determine if there are windfall profits or not.

    What is interesting is that 'excess profits' is not measured by net margins, rather by total gross profit (the big number syndrome) in relation to the peacetime period directly preceding the war. Again, I hear Senator Obama constantly talking about 'windfall profits' and then giving an 'excess profits' explanation.

    There are two different avenues that are taken in the process of passing either windfall or excess. Mixing the two together may be more popular with the public but is very misleading.

    First, with windfall, you can not redistribute the tax to the general public. The tax is justified in the first place because of lack of efficiency and to create competition. I won't go as far as calling it a hoax, but if the next president were to tie the two together, meaning a windfall tax and a redistribution to tax payers, this could be grounds for impeachment and I'm not kidding. Obviously this couldn't happen as it would be stopped in Congress.

    Second, the fact that there is a redistribution call connected to the 'tax' is proof on its own that the 'tax' is excess. That would be legal. The only fly in the ointment is how to legally impose an excess tax only on the companies that you want to 'hit' without 'hitting' everyone?

    'Windfall' is company specific whereas 'excess' is event related.

    As for the 'excess' logic in the first place, I'm not going to rehash here the old Dem-Republican arguments for and against. Be it suffice to say that we will always disagree on the principle, but only when a true scenario exists. Being that this is NOT the case today, de-facto we are in agreement.

    As an aside, this whole episode could very well be a message to big oil not to back the Republican candidate too strongly using the 'windfall' 'company specific' message!

    Oh politics...what an evil web we weave!     Reply
  • commenter
    surgcare
    Aug 12 07:58 PM
    Energy Stocks Are Too Cheap to Ignore - Barron's [view article]
    If the oil bubble has popped ,hence oil is no longer important , why is china and russia doing everything they can to get their hands on oil and other natural resources.We are in the early stages of the wars to secure natural resources ,including oil .By the time americans realise this ,we'll be driving around in horse and buggy .The trade to sell energy companies making billions ( remember the windfall profit taxes everybody wants ) and buys financial stocks losing billions if not trillions , strikes me as less than optimal intelligence . Reply
  • commenter
    pockyclips
    2020
    Aug 12 02:07 PM
    Replacement Candidates for David Merkel's Portfolio: From AA to ZZ [view article]
    This looks like a dartboard. Pick 3 sector ETFs, 3 little followed stocks
    and sleep better at night.     Reply
  • commenter
    buyitcheap
    Aug 12 12:24 PM
    Energy Stocks Are Too Cheap to Ignore - Barron's [view article]
    hwood007 - you have written THE energy plan that we must adopt going forward. You're spot on
    Oil will be under $90 by October, albeit temporarily, and then it would be a good time to buy back in.     Reply
  • commenter
    earthvillede
    veloping
    Aug 12 09:04 AM
    Energy Stocks Are Too Cheap to Ignore - Barron's [view article]
    Rogers is now a big laughter in Asia, he was speculating that China stock market to be reaching 10,000 but now its at 2500.
    So, multiplying a factor of 25% with his numbers seems much safer.     Reply
  • commenter
    Pipo
    Aug 12 05:38 AM
    My Website
    Energy Stocks Are Too Cheap to Ignore - Barron's [view article]
    Remenber whr«en Jim Rogers said that the surrise will be how high the Crude goes and how high it stays?

    Energy is still a good play for the next few years. Visit a Jim Rogers Blog at jimrogers-investments....     Reply
  • commenter
    ishamon
    Aug 11 06:07 PM
    Energy Stocks Are Too Cheap to Ignore - Barron's [view article]
    Did you see the seeming lack of reaction by oil prices and commodities to the Russia-Georgia violence? What must be the reason is the ongoing unwinding of hedges of oil to finance. We are watching the oil bears take control.This being options week we will see more of it. Once it is over I believe oil stocks will reflect the risk from the Russian bear and go back up some. Next week it will be the Russian bear taking over from the oil bears. Reply
  • commenter
    User 242025
    Aug 11 05:20 PM
    War in Georgia: How Markets May Feel the Effects [view article]
    A missile defence? You really think that would solve 18 year old conflict? All that would do is trigger another war, that is exactly why you- with your missiles are sitting on your bottom with your hands crossed hoping for the best. Russian nuclear arsenal is twice as big as US, needless to say more advanced- no one wants missiles to fly both ways.
    As for the real matter, Saakashvili should stop relying on the US for nothing. Ofcourse Russian hasn't done anything good as well, but come on guy you really wanna be in NATO now?
    I support Georgia though, wrong believes on Russian part, and there are other ways to reply.     Reply
  • commenter
    forwoodenboa
    ts
    Aug 11 05:03 PM
    Houston to Obama: Smell the Oil [view article]
    Thanks for the links, Saul.
    It appears there was, during times of war - 1st enacted in 1863 by the Confederate Army (Slave Owning Southern Democrats, what a surprise!) - and the government later experimented with taxing companies who were either profiteering off the war(s) or at other times when an entity was making in excess of a set standard, neither of which are relevant in this case.
    The government has not set a standard for excess profits, so they have no standing to use that as a reason. Indeed, there are many companies and individuals which operate on a much higher margin - look at the gain in income percentage for the Obamas and Clintons lately - Both O and Ms O had their income increase over 100% in one year, Mr. C suddenly made 20 million for God knows what in Dubai, and where in the world did Ms C pop up with 5 million to lend her campaign on her salary?
    In short, the Excess Profit Tax did not set a precedent for attacking one industry whilst leaving other, more profitable industries alone when it was in effect (AFAIK), and there is no EPT in this country at this time.
    I look forward to the rest of your answers - especially if you care to address the obvious market manipulation factors.
    Whether this market manipulation is strictly for political power plays, fame or for fortune could be considered irrelevant, as it is without a doubt intended to interfere with and harm the oil companies, and the American Citizens (and maybe even some Citizens of the World) who own them.     Reply
  • commenter
    SA Editor
    M. Hunt
    Aug 11 04:49 PM
    My Website
    War in Georgia: How Markets May Feel the Effects [view article]
    Several comments were deleted in error from this post. Our apologies to those of you whose fine efforts were removed; please feel free to resubmit your thoughts. - SA Editors Reply
  • commenter
    pockyclips
    2020
    Aug 11 03:55 PM
    War in Georgia: How Markets May Feel the Effects [view article]
    What can you expect you you send a checkers guy to a chess match?
    Geopolitical risks were not counted when it was decided to put our "observers" in Georgia, and to put our missile defense in former Warsaw Pact nations.     Reply
  • commenter
    hwood007
    Aug 11 03:23 PM
    Energy Stocks Are Too Cheap to Ignore - Barron's [view article]
    To me the Drill,Drill, Drill, should be replaced with Drill, Develop, and Discover, if we want to be energy independent.

    DRILL anyplace known to contain oil or natural gas; my back yard, White House back yard, your back yard, or the back yard of the Kennedy compound.

    DISCOVER new areas for gas and oil and drill where there is thought to be the most. In years to come, new processes will allow drilling in what are now difficult places.

    DEVELOP new forms of energy such as wind, geothermal, and solar. Large wind mills in the ocean off the east coast (out of sight of land) are now possible, but people say not on my coast. The coast belongs to all of us; it is the coast of our country. Exxon is working on a prduct that is going to advance electric cars.

    I pay what is called a windfall tax now. it reduces my income every year and you want companies to pay shuch a tax? Do you want all companies to pay or just target the ones you like less?

    I pay taxes on dividends from stocks and each company paid tax on the same dividend so that is double taxes on the same dollar. Having lived in Europe twice, I can tell you that you want to avoid their methods of taxes and benefits. The are going bankrupt quick.

    Reply

Trading Center


Loading...
Symbols:
Authors:
Quick Links: