Hostile takeover of BP.

The final consumer price for petrol (gasoline) for the motorist in one ofEurope’s oldest economies, Portugal continues to defy all reasonablelogic...Speculation is the method most used by oil companies such as Galp, BP,Repsol and Cepsa, also involved are the government and some local media, acartel of price fixing is used to place the final consumer price the sameall over the country.However there may be a change in the major players in the crude industry,BP is having an immensely challenging period to regain competitiveness internally and externally, they have now spent billions with the US spill, growth will remain subdued for some time, to be sure, BP weakness willbenefit other crude producers as is now the case ...ExxonMobil and Chevron have requested the U.S. government's clearance tomake a bid for BP worth about $150 billion, it was also reported that BP is looking to sell its stake in the United States' largest oil field, the Prudhoe Bay project in Alaska, to boost its clean up fund for the oil spill in the Gulf of Mexico.