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.

$420 MILLION AND COUNTING

BP has incurred $420 million in costs so far from response, containment,relief well drilling and payments to Gulf Coast states, suggesting thefinal bill could be much higher than many analysts predicted.
BP is ill prepared to deal with such an incident.
BP shares fell 11 percent at 1430 GMT, lagging a 5.8 percent rise in theSTOXX Europe 600 Oil and Gas index. The stock dropped as low as 540.7p inLondon, its lowest since November. BP's American Depositary Receipts fell0.5 percent in New York.
The stock has lost around 17 percent since the rig blast, wiping around $33billion from BP's market value.
One economist predicts the spill's impact on the Gulf Coast will bewidespread, although jobs created for clean up efforts will spawn temporarynew jobs and demand for housing., but there will be more predictedlong-term casualties in terms of businesses lost, property depreciation andthe displacement of workers.

Europe’s oldest economies.

According to the latest news from Portugal , fraud is practiced by local authoraties, government and international companies such as oil companies on a daily basis!!!
Everyday the world faces serious economic difficulties, unemployment, more and more companies closing down, massive layoffs, sales dropping, production levels at the lowest ever, but somehow the Portuguese government and oil companies like Galp,BP,Cepsa and Repsol take upon themselves to on a weekly basis increase the final consumer price at the pump sometimes two or three times per week....
Its measures like these that have placed the world economy in a recession, Portugal has one of the worlds most expensive consumer oil prices, even now as oil prices slipped below $78 a barrel as investors grappled with the prospect that global growth will be slower than originally feared. Oil prices have fallen about 67% in four months, plunging from a record $147.27 in mid-July 2008. However this decrease in crude prices does not affect one of Europe’s oldest economies...Portugal...were prices continue to be one of the highest in the world, even when crude prices where at a three-year low Portugal continued to have final consumer prices one of the highest in the world...Oil consumption in Portugal last year dropped more than 14% and all tendencies indicate that it will continue!!!
The consumer price in Portugal is 20% more expensive than in Spain...
This dishonest attitude is lead by the so called national oil company Galp Energia...there is no reason for the increase except greed, the Portuguese Government is also involved in this apparent corruption scheme as the more the companies charge the more taxes the government obtains... This scheme is called "Robin Hood Tax" the more you charge the more Tax I (government) have... As is also tradition one company increases all others follow behind, the prices are also certainly combined between all involved... This arrogant attitude by the oil companies (GALP,BP,REPSOL,CEPSA) and government will no doubt continue as they sink Portugal further into recession.

Portuguese government..

The elections for the Portuguese government have started, there are the governing party the PS then there are the others PDS, CDS, PCP and BE both communists.

The public debates have started but unfortunately for the population the choice on who to vote is very limited, all parties involved have no new solutions for the economical, health and educational problems of Portugal.
Portugal has one of the worlds most expensive energy prices, namely electrical energy and petrol consumer prices.

Portugal continues to have final consumer prices one of the highest in the world...Oil consumption in Portugal last year dropped more than 14% and all tendencies indicate that it will continue!!! this dishonest attitude is lead by the so called national oil company Galp Energia...there is no reason for the increase except greed, the Portuguese Government is also involved in this apparent corruption scheme as the more the companies charge the more taxes the government obtains... This scheme is called "Robin Hood Tax" the more you charge the more Tax I (government) have... As is also tradition one company increases all others follow behind , the prices are also certainly combined between all involved... This arrogant attitude by the oil companies (GALP,BP,REPSOL,CEPSA) and government will not be forgotten as Portugal enters a period of elections for a new government, the population will certainly have the opportunity to elect a new government that will work for the people and not for the oil industry..

WorldWatch has received information that there is a civil movement entitled "NÃO AO VOTO" that has already support from various regions of Portugal and over Nineteen thousand supporters who have confirmed that their vote is not for sale.
As long as this fraud continues the economy and Portugal have their destiny crossed. Its time the Portuguese people stand up and fight for the values of the 25th April 1974 revolution...
One for all...All for one...