Oil Spill harmful to BP Stocks! Who would have guessed?

BP is very, very concerned about the oil-spill in the Gulf. After circumventing governmental regulations, and paying off the regulators, in order to save $ 8 million bucks for this particular drilling project in the short run, they are now facing billions of losses, a 13% drop in their stock price.and YES, they are very concerned. You betcha! So, as the article stated: no, not even the oil industry's most fervent apologists, is making light of this accident. Except, that this accident would have been entirely preventable, had it not been for short-term profit concerns in the first place.

This is an industry, which has resisted alternative and renewable energy for DECADES, because its just too profitable for the time being, and other infra-structure investments may cut into their profits instead of making long-term investments far into the future. They do not care about the planet or its inhabitants long-term, all that matters are their stock portfolios on Wall Street. Is BP another company TOO BIG to fail? Why do you think, that the people of Greece are so pissed off? Or do you think these people are taking to the streets, supporting a General Strike just for the hell of it? Decades of progress for ordinary people are being taken away from them, because the elites lined their own pockets on the backs of working people and they are angry. And rightfully so.

Irregardless of Peak Oil, which is debatable, we continue to pollute the entire planet with outdated hydrocarbons, trashing our oceans and lands with insurmountable and harmful debriswhile rejecting cleaner energy, such as solar and wind, because its too costly to change the system over. Yesits costlymeaning that quarterly profits will fall. Where is the overall profit in the destruction of our planet?

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[ALBIONTYKE]

One irony is that Obama was one of the guys pushing for more offshore drilling before he was in office

[55ella2007k]

@ALBIONTYKE : well, actually he's still pushing for it, even while in office, but had to tone down the rhetoric, because of this catastrophe. 2 weeks before this disaster, he opened up the entire eastern seaboard for offshore drilling. Now...this is on hold, somewhat, but it won't last long.

[wyteoutt1]

i care about the stocks. fuck the environment. i wanna invest

[55ella2007k]

@wyteoutt1 There you go ! ;) Can't wait for the next shareholders meeting :) Plenty of share-holders around... 90% of the world's population, in fact. Just don't expect any mention in FORTUNE magazine. Actually, I'll take that back...the Financial Times of London just published an article that a prolonged period of global unrest is about to unfold, and the suggestion was to throw some carrots to the masses, before embracing more forceful policies. These articles are firewalled, btw.

[chuck1967]

Now instead of using a cheap way to clean up the problem in the most efficient and ecologically safest way possible by using hay and other grasses to contain the OIL they have chosen to use another chemical to solve the problem that might not even be biologically safe for the environment. The stupidity never ceases to amaze and disappoint me in this Country. LOL!

[55ella2007k]

@chuck1967 : I' all for environmentally responsible clean up efforts. Unfortunately, the hair/ hay idea cannot even begin to address this disaster. The ocean is NOT a still body of water, and there isn't enough hay or hair to soak this shit up. Not to mention, what's going on underneath the surface, killing everything off...an entire eco-system being destroyed as we speak for next 40 or 50 years, if not longer, while the chemicals dispersants only add to the damage.

[IMUANGRYANGEL]

WHAT ABOUT MY BEAUTIFUL EARTH AND THE ANIMALS THAT WE SHARE IT WITH ..THIS WORLD IS CORRUPTED BY GREED AND WE SHOULD JUST GO BACK TO HORSE AND BUGGY LIVING :( ONLY THEN CAN WE SAVE THE PLANET

[oneyouh8]

I'm sure glad I bought an HD TV...so I can watch the world go to Hell in High-Def.

[fleetingdays]

This oil spill saddens me deeply.

[chuck1967]

Is Halliburton To Blame For Gulf Oil Spill? Just do a search for it on YT.

Keith O says it all and why are only HALLIBURTON OIL projects to fix OIL rigs the only ones blowing up?

I wouldn't put it past them for a minute.