Friday, July 23, 2010

BP in dire straits sells Pakistan

In the past couple of months the world media has been overly obsessed with these two letters ..."BP" ever since I have been a young adolescent I believed BP stands for "British Porn"...must have heard on radio somewhere....known "British and Porn "from even before birth....lol.so when they mention BP  I usually switch channels or turn the pages...don't even reply or re-tweet on a friends tweet.Haven't done any blog yet on the most disastrous Oil spill in the history in the gulf of mexico which must have caused millions of dollars of damage to the marine life and the environment  of the world and Americas in particular...
The other day a friend asked me why BP is selling its operation in Pakistan like leaving Pakistan...on the day when the  US sec of state Mrs Clinton was here in the region....Honestly I had no Idea...but I told her that it could be the liquidity issue....since BP is losing so much on the oil spill in the gulf...and the Financial world is not very favorable after the senate sub-committee fiasco....BP had to generate immediate funds to keep their company running and the insignificant Pakistan operation must have appeared to be the first to go.....I am not aware of BP's cash flow situation ...but this answer did satisfy my  friend panicked by a news headline....and she was glad to know it is not Geo-political just a dire straits board decision....

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