Wednesday, April 28, 2010

BP is not Beyond Petroleum

Our friends at BP who claim to be Beyond Petroleum have struck once more. This gigantic corporation that blew up a refinery in Texas City has now managed to blow up an oil rig in the Gulf Of Mexico. The Texas City refinery explosion killed 15 workers, injured 170 workers, and BP paid a fine of 373 million dollars for that “accident”. The oil rig explosion in the Gulf of Mexico caused 11 deaths and is creating an environmental disaster of gigantic proportion. The US Coast Guard is considering setting the slick alight to burn off the more volatile components in the slick. The problem is that some of the oil that is leaking from a mile below the surface of the gulf is heavy oil and will pollute the Gulf for years to come. There is little doubt that some oil will end up in the onshore marshes and will cause significant environmental harm to these marshes.

The company should change its name from Beyond Petroleum to Bloody Pathetic. BP is not bloody pathetic at making money it is just bloody pathetic at safety and when a company earns over $6 billion in a quarter they can afford to pay fines to buy their way out of trouble. Paying fines to BP is like me paying for a cup of coffee at Starbucks. The problem with fines is that it really does not reflect the severity of the “crime” relative to the net worth of the corporation that violates the law. On Tuesday we had Goldman Sachs executives testify in the Senate hearing. Their “crime” was to sell financial instruments they knew were destined for failure and that Goldman Sachs profited from in their failure. It was pretty amazing to hear bleeps in the questioning that Senator Levin posed to Goldman executives. Of course he was bleeped because he was reading verbatim from emails that Goldman employees wrote about how “sh---y” the deals were for investors.

Today on the evening news I saw that AstraZeneca agreed to a Federal fine of over $500 million for off label marketing of Sorequel a drug that was not approved for the indications AstraZeneca’s salespeople were promoting. AstroZeneca is a British and Swedish company. I guess the management of AstraZeneca is singing “who is Sorequel now”. For British Petroleum and British Pharmaceuticals it has been a bad week for the British. The list of drug companies fined by the FDA for off label promotion include Eli Lilly 1.4 billion dollars for Xyprexa, and Pfizer 2.3 billion dollars for Bextra. Merck was fined 671 million dollars for overcharging for Vioxx and Pepcid. All these unlawful activities must have given the shareholders of Merck very painful heartburn.

The question to be asked is the following: are there any honest and caring companies out there? I have to admit that most companies are honest and their management does care about their employees and customers. These companies will continue to thrive if they continue to market quality products and services at a reasonable price. A new company just went public with an initial stock offering this week. This company is Codexis and they claim to manufacture bio-fuels and have the big oil firm Royal Dutch Shell as an early investor. I bet they do not make it big but at least they will hemorrhage on land rather than out in the Gulf of Mexico. I wonder if my “gangrene friends” at the University of California in Bezerkley are questioning the wisdom of having partnered with BP for bio-fuels. Perhaps BP will stand for Bezerkley Petroleum and the fuel will have a deep red glow when burned.

56 comments:



  1. http://jumperads.com.over-blog.com/2016/12/cleaning-taif
    http://jumperads.com.over-blog.com/2016/12/transfere-furniture-in-dammam
    http://jumperads.com.over-blog.com/2016/12/transfere-mecca
    http://jumperads.com.over-blog.com/2016/12/transfere-medina

    ReplyDelete


  2. http://jumperads.com.over-blog.com/2016/12/cleaning-tanks-jeddah
    http://jumperads.com.over-blog.com/2016/12/transfere-dammam
    http://jumperads.com.over-blog.com/2016/12/jumperads.com.html
    http://jumperads.com.over-blog.com/2016/12/transfere-furniture-taif

    ReplyDelete

  3. http://jumperads.com.over-blog.com/2016/12/cleaning-tanks-medina
    http://jumperads.com.over-blog.com/2016/12/transfere-furniture-mecca
    http://jumperads.com.over-blog.com/2016/12/transfere-furniture-jeddah
    http://jumperads.com.over-blog.com/2016/12/transfere-furniture-riyadh

    ReplyDelete

  4. http://jumperads.kickoffpages.com/
    https://kdp.amazon.com/community/profile.jspa?editMode=true&userID=1424531
    https://kdp.amazon.com/community/profile.jspa?editMode=true&userID=1427388
    https://kdp.amazon.com/community/profile.jspa?editMode=true&userID=1428236

    ReplyDelete
  5. I found this to be interesting. Exciting to read your honest thought. 스포츠토토

    ReplyDelete
  6. 스포츠토토 If you are going for best contents like I do, just pay a quick visit this site all the time because it
    offers feature contents, thanks

    ReplyDelete
  7. I read this paragraph completely on the topic
    of the comparison of latest and earlier technologies, it’s amazing article. 바카라사이트

    ReplyDelete
  8. 카지노사이트 This article presents clear idea for the new people of blogging, that really how to do running a
    blog.

    ReplyDelete
  9. Your article looks really adorable, here’s a site link i dropped for you which you may like. 파워볼 하는법

    ReplyDelete
  10. Great blog! I am loving it!! Will come back again. I am bookmarking your feeds also 온라인경마

    ReplyDelete
  11. This is Very very nice article. Everyone should read. 파친코사이트

    ReplyDelete
  12. Very rapidly this site will be famous among all blogging visitors, due to it's pleasant articles 스포츠토토

    ReplyDelete
  13. The post is written in very a good manner and it contains many useful information for me. 토토

    ReplyDelete
  14. Well I truly enjoyed reading it. 온라인카지노This subject offered by you is very helpful and accurate.

    ReplyDelete
  15. Hard to ignore such an amazing article온라인카지노 like this. You really amazed me with your writing talent. Thank you for sharing again.

    ReplyDelete
  16. Such an amazing and helpful post. I really스포츠토토 really love it.

    ReplyDelete
  17. Your article is very interesting. I 온라인카지노think this article has a lot of information needed, looking forward to your new posts.

    ReplyDelete
  18. Spot on with this write-up, I truly believe that this website needs a lot more attention. I'll probably be back again to read more, thanks for the advice!야동

    ReplyDelete
  19. I have always disliked the idea because of the costs.Is usually able to answer customer questions. 오피

    ReplyDelete
  20. "What i do not realize is actually how you're no longer actually much more
    smartly-liked than you might be now. You are very intelligent.
    You know thus considerably when it comes
    to this matter, produced me in my view believe it from numerous numerous angles.
    Its like men and women don't seem to be fascinated until it's something to do with Girl gaga!

    Your individual stuffs outstanding. All the time care for it up!"

    마사지

    ReplyDelete
  21. I haven't checked in here for some time since I thought it was getting boring, but the last several posts are good quality so I guess i'll add you back to my everyday blog list. You deserve it my friend �� 건전마사지

    ReplyDelete
  22. Wow! This can be one particular of the most beneficial blogs We have ever arrive across on this subject. 룰렛

    ReplyDelete
  23. I think this is an informative post and it is very useful and knowledgeable. therefore, I would like to thank you for the efforts you have made in writing this article 스포츠토토

    ReplyDelete
  24. Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my blog that automatically tweet my newest twitter updates. I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this. Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.|
    온라인카지노

    wep

    ReplyDelete
  25. Hi there, You have done an excellent job. I will certainly digg it and personally suggest to my friends.
    I am confident they will be benefited from this web site. 바카라사이트

    ReplyDelete
  26. I want to encourage you to ultimately continue your great writing, have a nice weekend! 바카라사이트

    ReplyDelete
  27. You made some good points there. I did a Google search about the topic and found most people will believe your blog. 메이저사이트

    ReplyDelete
  28. These sites are stable, offer instant payments in your paypal and are not meant to make you fool.
    Take the time to extend your program from the starting as well as the foundation could keep on providing the company well ahead of the
    establishment phase. Unless you incorporate some technical
    exposure to web servers you might battle to perform your own server management and administrative tasks. えがおんカジノ


    ReplyDelete
  29. All your hard work is much appreciated. Nobody can stop to admire you. Lots of appreciation. 온라인카지노

    ReplyDelete
  30. I like what you guys are usually up too. This kind of clever work and coverage! Keep up the very good works guys I’ve incorporated you guys to blogroll.
    사설토토

    ReplyDelete
  31. Hi there, I found your site by the use of Google whilst searching for a similar topic, your site got here up, it looks good. I’ve bookmarked it in my google bookmarks. 카지노사이트

    ReplyDelete
  32. If more people that write articles really concerned themselves with writing great content like you, more readers would be interested in their writings.Thank you for caring about your content. 카지노사이트

    ReplyDelete
  33. Thanks a million and please continue the enjoyable work.
    오피월드

    ReplyDelete
  34. this web site is genuinely nice and the people are Wow, great blog article. 카지노사이트

    ReplyDelete
  35. A debt of gratitude is in order for your knowledge for your fabulous posting. I'm happy I have set aside an ideal opportunity to see this. 카지노사이트

    ReplyDelete
  36. You obviously know what youre talking about We are linking to this great post on our website. 온라인카지노

    ReplyDelete
  37. Recently, I have started to read a lot of unique articles on different sites, and I am enjoying that a lot. Although, I must tell you that I still like the articles here a lot. They are also unique in their own way. 바카라사이트

    ReplyDelete
  38. I no uncertainty esteeming each and every bit of it. It is an amazing site and superior to anything normal give. I need to grateful. Marvelous work! Every one of you complete an unfathomable blog, and have some extraordinary substance. Keep doing stunning 메이저사이트순위

    ReplyDelete
  39. How can you think of this? I thought about this, but I couldn't solve it as well as you.샌즈카지노I am so amazing and cool you are. I think you will help me. I hope you can help me.


    ReplyDelete
  40. I was impressed by your writing. Your writing is impressive. I want to write like you.스포츠토토사이트 I hope you can read my post and let me know what to modify. My writing is in I would like you to visit my blog.

    ReplyDelete
  41. In my opinion, the item you posted is perfect for being selected as the best item of the year. You seem to be a genius to combine 우리카지노 and . Please think of more new items in the future!

    ReplyDelete
  42. When I read your article on this topic, the first thought seems profound and difficult. There is also a bulletin board for discussion of articles and photos similar to this topic on my site, but I would like to visit once when I have time to discuss this topic. 안전토토사이트

    ReplyDelete
  43. That's a great article! The neatly organized content is good to see. Can I quote a blog and write it on my blog? My blog has a variety of communities including these articles. Would you like to visit me later? keo nhacai


    ReplyDelete
  44. An impressive share, I just now with all this onto a colleague who was conducting a little analysis during this.
    섯다

    ReplyDelete
  45. You made such an interesting piece to read, giving every subject enlightenment for us to gain knowledge. Thanks for sharing the such information with us to read this...
    스포츠토토

    ReplyDelete
  46. Only wanna input on few general things, The website layout is perfect, the written content is rattling superb.
    성인웹툰

    ReplyDelete
  47. I’m impressed, I must say. Really rarely should i encounter a weblog that’s both educative and entertaining, and without a doubt, you have hit the nail for the head. Your thought is outstanding; the thing is a thing that inadequate persons are speaking intelligently about. I’m delighted that we came across this during my find some thing concerning this.
    토토사이트

    ReplyDelete
  48. Great Information sharing .. I am very happy to read this article .. thanks for giving us go through info.Fantastic nice. I appreciate this post. 스포츠토토

    ReplyDelete
  49. I came to this site with the introduction of a friend around me and I was very impressed when I found your writing. I'll come back often after bookmarking! casino trực tuyến

    ReplyDelete
  50. Hello! Nice to meet you, I say . The name of the community I run is 메리트카지노 , and the community I run contains articles similar to your blog. If you have time, I would be very grateful if you visit my site .

    ReplyDelete
  51. I am someone who works on the web. Sometimes I like to visit overseas sites 메이저안전놀이터 when I have time. Among them, I like the site related to , but your site seems to be optimized for too!! Very good

    ReplyDelete
  52. Having read this I believed it was extremely informative. I appreciate you finding the time and effort to put this article together. I once again find myself personally spending a significant amount of time both reading and posting comments. But so what, it was still worth it! Feel free to visit my website; 카지노사이트위키

    ReplyDelete
  53. Hey there! I simply would like to offer you a big thumbs up for the great information you have got here on this post. I will be returning to your blog for more soon. Feel free to visit my website; 먹튀검증가이드

    ReplyDelete
  54. Wonderful post! We are linking to this great post on our website. Keep up the good writing. pretty handy stuff, overall I imagine this is really worth a bookmark, thanks Feel free to visit my website; 카지노사이트링크

    ReplyDelete
  55. Fantastic post! Please keep sharing. I know of a roofing company if you are looking for Game Please get in touch! Thanks, have a good day. Feel free to visit my website; 온라인카지노사이트넷

    ReplyDelete
  56. Pretty useful article. I merely stumbled upon your internet site and wanted to say that I’ve very favored learning your weblog posts. Any signifies I’ll be subscribing with your feed and I hope you publish once additional soon. 메이저사이트

    ReplyDelete