BP

From Reaching too Far, Delving too Deep: The Well from Hell; BP Knows it will get Worse, much Worse

by Christian A. DeHaemer

"What strikes me as odd is the way the leadership of BP and the Obama administration is acting.

BP is running around apologizing to everyone they can find. Obama says give us $20 billion in escrow and $100 million for the people Obama put out of work on the oil rigs due to his six month ban – and BP says, "Sure thing mate, no problem."

And all of this in a 20-minute meeting?

I've been dealing with oil companies for a long time and it just doesn't add up…

Contrast it, for instance, with the Exxon situation in Alaska or the Union Carbide disaster in India.

Exxon fought tooth and nail for its shareholders; it appealed court rulings for 19 years. Union Carbide wasn't settled for 25 years.

BP is rolling over like a simpering dog. Why?

The only reason I can think of is that the company knows – better if not as well as the Obama administration does – that it will get worse.

Much worse."

[see my earlier comments]

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Fool me once

"Fool me once, shame on you.  Fool me twice, shame on me.  Fool me eight times, am I a f**king idiot?" – Jon Stewart

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Humor: Robert Newman and the History of Oil

Although a little old, perhaps some people still haven't seen Robert Newman's History of Oil.

Not so stale though, as the price of oil looks set to rise again.  (Actually, is rising.)

Very amusing, and I learned an interesting thing or two, as well.

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