Word comes to Ned through his usually reliable channels that maligned oil giant BP has taken a Russian partner, Rosneft, which is majority owned by the Russian government. The deal calls for BP to get 9.5% of Rosneft's stock and the Russian firm to get 5% of BP. Now, Ned's friends may recall that BP has a 47% stake in the Prudhoe Bay oil field, which produces about 17% of the US's domestic oil, so the deal will give the Russian government about 2.5% of Prudhoe Bay. But since George W. Bush said he looked into Putin's "soul" and found him a decent guy, maybe we shouldn't worry that an autocratic Russian government that has been playing footsie with the Iranians now has a say in the US's domestic oil market. It does seem to trouble one of those left-wingers in the House, however, Rep Markey of Mass (not Mr Merkey of South Park, to those who may not be paying attention), but Ned thought that all left-wingers were just commie lovers anyway, and Putin after all was high up in the USSR's KGB.
Ned said that Obama's demonization of BP would lead to tears and it has apparently pushed good ole boy and Mississippi native Bob Dudley, BP's new Sneering Plutocrat CEO, into bed with the Russians.
Are ya happy now, Barry?
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