A few weeks ago, when the US President was attempting to act tough with BP, one of my regular readers asked the question 'What's Obama up to?' The MSM, on both sides of the Atlantic, were profuse with their commentaries, many of which desperately tried to convey President Obama as a caring individual even though he had ignored the spill for some considerable time, yet there were a few who were cynical.
We're all aware American companies were involved in the drilling process for the project but not much was said about them and their shares held their value, whilst BP's dropped like a stone; partly because of the President's vitriol aimed at BP senior management. The protests from the UK regarding the fact that nearly half of BP's shareholders are American appeared to fall on deaf ears and the US President continued to emphasise the British association with BP - until the Prime Minister decided to take some action and telephone President Obama. Since then there has been relatively little spin from the White House.
'What's Obama up to' is answered today in the Sun. The paper alleges the US oil company Exxon has been given White House approval to make a £100 billion bid for BP. Sources said Exxon was told President Obama's administration would not stand in the way of any deal. According to the article BP has been trying to persuade investors across the Middle East to buy share to stop a takeover from a rival such as Exxon.
So becoming personal about the bosses of a multinational company may well pay off for the US President. There's no doubt many in Britain will be keeping a close eye on the situation.