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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: KyrosL who wrote (73806)6/13/2010 4:57:26 AM
From: Maurice Winn2 Recommendations  Read Replies (1) of 74559
 
Kyros, you can be quite sure than BP is not being penny wise and pound foolish. How to do it is what matters and they are no doubt doing the best they can think to do.

But yes, they have certainly blundered big [perhaps with contributory blunders by others]. This is exactly what I warned them about in the 1980s - causing an environmental disaster and being confiscated by the USA judicial and political system which is very harsh in judgment on such carelessness or even just bad luck.

My very last conversation with my boss's boss [in BP Oil International in Antwerp] was exactly about this. He said they were moving in my direction. I laughed because the movement seemed glacial, though there was at least a LOT of green-washing in the 1990s and 'Beyond Petroleum'. I was not able to tell from the outside how much was dinkum and how much was just image-making to appear fashionably "environmental" as is so common these days.

Everyone wants to use words like sustainable and sustainability and all the good green words. Everyone, [most if not all], wants to be a holier-than-thou environmentalist. Mostly it's hypocrisy, such as Al Gore with his dirty great huge carbon footprint and the ridiculous Copenhagen jamboree at which so many wanted to be seen to be a big-noter environmentalist, jetting in from around the world at great expense. Cranking the heaters up against the unusual cold of that winter.

Mqurice
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