The problem is all of these oil companies have subsiduaries. So it is like trying to follow a web.
From my limited research, its US assets are held by "BP America holdings Ltd".
So if its assets are siezed by US gov't it will be that part, they can not sieze the assets of the mother company.
Oil company subsiduaries do sneaky accounting games. They sell the oil to the parent company at world price.
But then the parent company sells subsiduary equipment etc at over inflated prices.
The main reason they have subsiduaries is to get around countries ownership laws and limit liability.
To find out if BP is a good deal. You would have to find out thier total reserves.
The calculate what percentage of these reserves are held by BP America.
From an investor perspective, if BP America is siezed by US gov't that might be the time to buy.
The BP parent stock will drop much greater then the percentage of US holdings i am guessing
Maybe i will become a stock advisor and make a newsletter which i will sell on a subscription basis:roflmao:
Wallstreet is the only place where people travel in a Rolls to get advice from someone who goes to work in the subway
@perks
it was a silly article. It was just funny because of
Since this is your first day of DKos Booming school, you HAVE to fight lets go over some important definitions and oilfield grammar. Rope is not rope. It is fucking rope. All of it. Every yard of rope is fucking rope. Every section of boom is fucking boom. An anchor block is not an anchor block. It is a fucking anchor block. You get the idea. Later, when you're accustomed to all of this, you can substitute "goddamed", "motherfucking", "piece-of-shit-c*nt" (never understood that one myself) or "cocksucking" for fucking. But for now, it's all fucking.Mainly because i used to work in a oil lab when i was a kid
Seriously though. 2/3 of the world is covered by water.
On all sides of the gulf of mexico there are huge oil producers. In the case of the texas fields they are depleted but ...
I think in gulf of mexico there are right now 110 test wells, it stands to reason that the gulf of mexico fields could rival middle east.
This there might be accidents BS is silly. Figure out ways so in the event of an accident, you can minimize the damage etc.
