Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

BP is not "British Petroleum" anymore. It stands for "Beyond Petroleum" now.

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread		 This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
 
El Supremo Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-10-10 05:52 PM
Original message
BP is not "British Petroleum" anymore. It stands for "Beyond Petroleum" now.
Over recent years they took over such US based companies SOHIO (Standard Oil of Ohio), ARCO (Atlantic Richfield) and AMOCO (Standard Oil of Indiana). They are now the fourth largest company in the world and one of the largest multinational companies. A big percentage of their 92,000 employees are Americans.

So don't use jingoistic rhetoric against them. It is not deserved.

But they can afford to clean up this Gulf of Mexico mess.
Printer Friendly | Permalink |  | Top
polichick Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-10-10 05:56 PM
Response to Original message
1. Unfortunately that term is for public relations (smoke and mirrors) only...
Very little money actually goes to anything "beyond petroleum" - sounds good though.
Printer Friendly | Permalink |  | Top
 
Cali_Democrat Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-10-10 06:00 PM
Response to Original message
2. Beyond Petroleum?
:rofl:
Printer Friendly | Permalink |  | Top
 
WillyT Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-10-10 06:11 PM
Response to Reply #2
7. Pssst...
I think he forgot the sarcasm thingy.

But probably not.

:shrug:
Printer Friendly | Permalink |  | Top
 
Cleita Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-10-10 06:03 PM
Response to Original message
3. Some interesting commentary on Ed's Show.
He believes BP engineers are winging it and don't know how to clean up the mess, that they never had a back up plan. Guest Mike Papantonio believes this will in the end crash not only BP but Halliburton. This is not the silver lining to the cloud I would have hoped for but it would make this disaster a little easier to swallow if there is a chance that Halliburton and Cheney get caught up in it.
Printer Friendly | Permalink |  | Top
 
El Supremo Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-10-10 06:08 PM
Response to Reply #3
5. If the cementing job was bad then Halliburton is fucked.
And that is fine with me, even though I use some of their software.

But if BP drilled deeper than allowed, then they deliberately screwed a lot of people.
Printer Friendly | Permalink |  | Top
 
hugo_from_TN Donating Member (895 posts) Send PM | Profile | Ignore Mon May-10-10 06:38 PM
Response to Reply #3
9. I don't believe Cheney has anything to do with Halliburton now.
At least not any official position that would put him at risk.
Printer Friendly | Permalink |  | Top
 
Cleita Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-10-10 07:57 PM
Response to Reply #9
13. He has stocks and options and all kinds of other money ties even
though he doesn't work or keep an office there. I remember reading up on all the options he couldn't have while VP but that would be waiting for him when he left office.
Printer Friendly | Permalink |  | Top
 
Junkdrawer Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-10-10 06:06 PM
Response to Original message
4. Green Washing. From DemocracyNow...
Edited on Mon May-10-10 06:07 PM by Junkdrawer

...

ANTONIA JUHASZ: Yes, most certainly, green washing. That switch to ‘Beyond Petroleum’ I believe in 2005. It truly is simply a PR green wash. At very best, using very generous estimates on my part, I found that BP spent, at best, four percent of its total capital and exploratory budget on anything remotely resembling green, alternative energy. Now, four percent is real money when you look at BP’s budget, but it hardly qualifies the company to be ‘Beyond Petroleum’ when everything else that it’s doing is in the petroleum sector and the most aggressive modes of production. Whether it’s the Tar Sands, offshore, you’re really breaking the boundaries of the damages that can be caused caused from oil production. And that four percent, by the way, was a high point. BP has since cut its alternative energy investments significantly, it even closed its headquarters in London. It’s really pulling itself back in like the rest of the oil industry is to move more aggressively into oil, the place where they can ultimately make the most money. Again, you know, oil, of course, reached a high of $150 a barrel, fell significantly down, but it’s on its way back up. The company I pay the closest attention to, for example, Chevron, like most of the industry, its profits fell significantly last year as the price of a barrel of oil fell. Well, this first quarter of 2010, Chevron doubled its profits from the first quarter of 2009. I imagine BP is in the same circumstance. They’re on the way- they’re on their way back up, but they’re doing that by really focusing in oil, not on alternative energy. So it is pure green washing. To think of this company as anything other that an oil

...

http://www.democracynow.org/2010/5/5/bp_funnels_millions_into_lobbying_to
Printer Friendly | Permalink |  | Top
 
El Supremo Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-10-10 06:13 PM
Response to Reply #4
8. The price of oil hasn't hurt the petroleum companies....
the price of natural gas has.

That $150/barrel was a temporary bubble. It is still pretty high at about $80.

Gas, however, went down and is still down.

I look more for gas than oil, and my business hasn't been doing real well.
Printer Friendly | Permalink |  | Top
 
Zoeisright Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-10-10 06:10 PM
Response to Original message
6. It stands for "Boycott Petroleum" to me.
Printer Friendly | Permalink |  | Top
 
Strelnikov_ Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-10-10 06:56 PM
Response to Original message
10. Yes, they are beyond petroleum now and well on the way to receivership
Edited on Mon May-10-10 06:56 PM by Strelnikov_
We are about to get our 'nationalized' oil company.
Printer Friendly | Permalink |  | Top
 
Ron Green Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-10-10 06:58 PM
Response to Original message
11. It should have stood for "Blowout Preventer."
But that would have cost a little more.
Printer Friendly | Permalink |  | Top
 
Ruby the Liberal Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-10-10 07:21 PM
Response to Original message
12. Glad they rejected "Backup Plan"
Printer Friendly | Permalink |  | Top
 
Motown_Johnny Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-10-10 07:58 PM
Response to Original message
14. Bend-over People
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Tue Apr 30th 2024, 10:31 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC