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-   -   Rep. Barton apologizes to BP for Obama 'shakedown' (https://xoutpost.com/off-topic/politics-forum/73743-rep-barton-apologizes-bp-obama-shakedown.html)

dsm2925 06-17-2010 12:54 PM

Rep. Barton apologizes to BP for Obama 'shakedown'
 
see below.

Rep. Barton apologizes to BP for Obama 'shakedown' - Yahoo! News

4.6is Ryder 06-17-2010 07:28 PM

Shameful at best :loser:

Quicksilver 06-17-2010 07:36 PM

Barton has received more than $1.5 million in campaign donations from the oil industry
is part of the investigation of the oil companies?.... What a Joke

Price 06-18-2010 08:23 AM

All emotions aside, it was a shakedown. Knowing that no private company in the world would give away that kind of money that easily, I wonder what kind of concession they were given/promissed.

FSETH 06-18-2010 09:03 AM

Yeah, that was a dumb thing to say, imo.

They all take money from oil companies though. Obama got over $70k from BP alone in 08, which was the most received from BP that year. The republicans do seem to get more oil donations overall though.

Wagner 06-19-2010 12:17 PM

Quote:

Originally Posted by FSETH (Post 749707)
Yeah, that was a dumb thing to say, imo.

They all take money from oil companies though. Obama got over $70k from BP alone in 08, which was the most received from BP that year. The republicans do seem to get more oil donations overall though.

:iagree:

Curious, if BP's net earnings are 6B.....how does it setup a 20B escrow fund? Hmm.

nom3rcy 06-19-2010 01:40 PM

Quote:

Originally Posted by Quicksilver (Post 749589)
Barton has received more than $1.5 million in campaign donations from the oil industry
is part of the investigation of the oil companies?.... What a Joke

Every politician has received substantial sums from the oil industry...

blktoptrvl 06-19-2010 02:23 PM

Quote:

Originally Posted by Wagner (Post 749970)
:iagree:

Curious, if BP's net earnings are 6B.....how does it setup a 20B escrow fund? Hmm.

I believe that is about 6B a quarter. They can easily absorb 20B.

Price 06-20-2010 11:11 AM

Beside cash they already/will have, they'll open a credit line to fund it as necessary. I believe $20B spans over 3 or 4 years.

FSETH 06-20-2010 05:35 PM

Quote:

Originally Posted by Wagner (Post 749970)
:iagree:

Curious, if BP's net earnings are 6B.....how does it setup a 20B escrow fund? Hmm.

Yeah, that $6 billion is per quarter. I guess if you make billions and billions year after year, it is probably pretty easy.


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