|Didn’t Vonnegut make pictures like this in|
“Breakfast of Champions”?
BP needs those $900 million: The February BP dividend payment is supposed to total $1.3 billion, and BP simply doesn’t have the cash on hand for the February payment.
The Russians—organized in the investment vehicle Alfa-Access-Renova (AAR)—are pissed that BP is forming a joint venture with the State-controlled Rosneft to do Arctic exploration. TNK-BP was supposed to be BP’s primary vehicle for all Russian endeavors.
AAR’s board is voting today. If they vote in favor of suspending the TNK-BP dividend payment—which BO needs—then BP is going to take a serious hit. BP