Well, this is simply embarrassing. Barack Obama is leading us into a financial war with our closest ally – Britain.
From the London Financial Times:
UK industry expressed alarm yesterday at the “inappropriate” and increasingly aggressive rhetoric being deployed against BP by Barack Obama, US president, and warned that the attacks on the oil company could damage transatlantic relations.
The concerns come amid mounting political unease in Britain that attacks on BP for its handling of the Gulf of Mexico oil spill are being dictated by the politics of November’s midterm elections rather than normal regulatory considerations.
Repeated references by senior US politicians to “British Petroleum” – which has not been the company’s name since 1998 – have fuelled fears of a wider backlash against UK companies.
The potential cost of the crisis and fresh fears over whether BP will pay its dividend has continued to hit its shares, with the company’s American Depositary Receipts falling nearly 16 per cent yesterday. Since the accident in late April, the value of BP’s ADRs has halved.
Article written by: Tom White
About Tom White
Tom is a US Navy Veteran, owns an Insurance Agency and is currently an IT Manager for a Virginia Distributor. He has been published in American Thinker, currently writes for the Richmond Examiner as well as Virginia Right! Blog. Tom lives in Hanover County, Va and is involved in politics at every level and is a Recovering Republican who has finally had enough of the War on Conservatives in progress with the Leadership of the GOP on a National Level.
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