The problem is Oil, not BP
June 14th, 2010Lots of aggro in the mainstream media, about the supposed rift in Anglo-American relations. Because Obama refers to it as British Petroleum, although the present BP, is an Anglo-American company, because the original BP, which was not a private enterprise super goliath, but a company owned by the British goverment, for most of my life-time, merged with a US company. So it is now owned bymany Americans, and lots of other international players, as well as the Brits.
In trying to maximinse the profits of its shareholders, it has perpertrated an ecological disaster in the Gulf of Mexcio.
But of course , BP is doing what all the international oil companies are doing, seeking to maximise their profits.
By selling more oil.
But we now know that that is a danger to the planet. So the western democracies, have been seeking to develop other energy sources.
But meanwhile India and China are seeking to allow their citizens to own motor cars, just like all of us toffs in the west.
So oil companies have to increase their production to meet this huge new demand. And to take risks with safety.
And, of course, to threaten tthe planet because of the nasty emissions.