Tony Hayward, BP CEO who got in the bind of testifying in a venue (in front of the U.S. Congress) where any accurate answers at all would have been lawsuit fuel for the U.S. Department of Justice, superficially went AWOL from the World National Oil Companies Congress in London Tuesday, June 22 2010.
How convenient. In exchange for invalidating BP press releases dated June 21 2010 claiming he would be present, he was not heckled by Greenpeace protesters who defeated the security measures by purchasing tickets to attend.
With Mr. Hayward's whereabouts being intentionally left unconfirmed by BP spokesmen, speculation runs rampant:
Where should he be?Meeting in Russia: fine. (23% of BP's oil reserves are there).
In Russia, for a meeting with president Dmitry Medvedev, who has admitted he fears that BP could be destroyed by this crisis.
Reassuring the City about the company's long-term prospects would also be wise, as they face up to a dividend freeze.
But it would be easier to hold a conversation with Dmitry Medvedev in the U.S. this week:
Russian President Dmitry Medvedev kicked off his five-day visit to the United States with dinner with Californian Governor Arnold Schwarzenegger in San Francisco.Meeting with U.S. President Obama is also scheduled for this trip.
The Russian president has made developing the hi-tech sector and encouraging research the focal point of his economic agenda and plans to use his trip to the United States to learn more about the industry.
"There will be a serious program tomorrow: I will inspect the hi-tech companies in Silicon Valley. This is very useful for us given our plans for a similar center near Moscow," Medvedev told the Californian governor.
Russia is building from scratch a hi-tech research hub in Moscow suburb Skolkovo, which many have dubbed Russia's Silicon Valley.