We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Svansong

16 June 2010 By Chris Hughes

The U.S. is effectively confiscating $20 bln from the UK oil major to prefund claims from the Gulf of Mexico spill. That will alarm defenders of free markets. But BP had it coming. Oil is a political business, and a preemptive dividend cut may have kept President Obama at bay.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)