the glorious history of BP- (history does not lie...)

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the kid

Trad climber
fayetteville, wv
Topic Author's Reply - Jul 14, 2010 - 08:37am PT
T tradster, good link of images to back up the story.
So the question is: at what point do we as a country come to accept our actions over the last 150 years to secure our power base and resources?
What ever happened to buying what we need on the "open" market vs securing it via WAR. Case in point is the "discovery" recently that Afghanistan has billions of rare metals etc?

I'm sure Bush and CO had NO IDEA THAT WAS THERE BEFORE The attack on us on 9/11...


Call me a patriot, call me a hypocrite, call me a democrat, just don't call me shirley..

Food for thought..
KS

Tobia

Social climber
GA
Jul 14, 2010 - 09:15am PT
I was hoping to upload a pdf file titled "50 Years of Oil Drilling" but can't figure out how to do so... meanwhile I took a screen shot of one of the pictures.
tuolumne_tradster

Trad climber
Leading Edge of North American Plate
Jul 14, 2010 - 04:35pm PT
Operation Ajax is just 1 of many episodes where US covert operations were used for regime change because the leader of a foreign country committed an unforgivable sin, namely Nationalization of an industry that was considered vital to US commercial interests. For examople, the overthrow of Allende in Chile after he threatened to nationalize the copper industry.

http://en.wikipedia.org/wiki/Chilean_nationalization_of_copper

http://www.youtube.com/watch?v=8R7MNnoYktM

With US help, Allende was replaced by this thug Pinochet...


...General Augusto Pinochet deposed Allende in a U.S.-backed coup d'état on September 11, 1973 and this ended the Popular Unity government.



Karl Baba

Trad climber
Yosemite, Ca
Jul 14, 2010 - 05:12pm PT
Fatty wrote


Perhaps BP should have had a more generous profit sharing model with the people of Iran, but a contract is a contract.


Maybe you missed the part where it was written

He struck a concession agreement with the dissolute Iranian monarchy, using the proven expedient of bribing the three Iranians negotiating with him.

If a contract is a contract, the Native Americans probably have trillions in outstanding claims for broken contracts with the US government.

The hitman book is a good one by John Perkins

http://en.wikipedia.org/wiki/John_Perkins_(author);

His 2007 book

The Secret History of the American Empire (2007), ISBN 0-525-95015-X

Is also very good and contains an interview with an ex advisor/henchmen to the Shah whose tongue was cut-off when he stopped being corrupt and holding the line. Highly recommended.

BP sucks hard but most the big oil companies do. They continue to act as badly in Nigeria as BP did in the gulf, only nobody's watching.

peace

karl
tuolumne_tradster

Trad climber
Leading Edge of North American Plate
Jul 14, 2010 - 06:43pm PT
According to Kinzer's "All the Shah's Men" what Mossaddegh proposed to Anglo-Persian Oil Co (aka BP) was to split oil profits 50:50. The Brits said NO WAY and started plotting Operation Ajax. If I recall correctly, Iran's split of oil profits w/BP was Iran 25:75 BP.
SteveW

Trad climber
The state of confusion
Jul 15, 2010 - 06:21pm PT

Hey, it looks like the new cap might have stopped the leak!!!!!


Thank (fill in the blank). . .

Next question. . . .


Will the gulf ever recover?????
tom woods

Gym climber
Bishop, CA
Jul 15, 2010 - 06:23pm PT
This one came out today.

http://www.nytimes.com/2010/07/16/world/europe/16britain.html?hp
lucaskrajnik

Trad climber
Anchorage, AK
Jul 15, 2010 - 06:29pm PT
woo woo! go BP!!
tolman_paul

Trad climber
Anchorage, AK
Jul 15, 2010 - 09:01pm PT
As to the question about the gulf recovering, I have no doubt the environment will mostly recover of the next few decades. Honestly I think biggest effect with be socio economic. Alot of people have lost not only their jobs, but their way of life. There will be increases in alcoholism, drug abuse, suicide and domestic violence in the communities where people whose way of life will be wiped out for a generation, and they won't be able to pass on their type of work and companies to their children. So families will up and leave areas they've lived in for a long time.

Unfortunately most global resource development corporations have a history of for lack of a better term, raping and pillaging the countries they've profited from. Mining, timber, oil, precious metals and gems, agriculture, fishing, etc.
the kid

Trad climber
fayetteville, wv
Topic Author's Reply - Jul 16, 2010 - 08:33am PT
extract, rape pillage..
move to the next site..
repeat...


again and again and again..

couchmaster

climber
pdx
Aug 21, 2012 - 12:12pm PT
Bunch of ungrateful hypocrites. .....bitch bitch bitch. Much of the history and greatness of this country is tied to oil. Every damned one of you is the beneficiaries of it.

But all I hear is bitch bitch bitch. Have any of you stop using OIL or even just gasoline? NO? Then you're not just part of the problem. You ARE the problem. Get back to us here when you get off the petroleum train and I will bow down to your greatness.
blahblah

Gym climber
Boulder
Aug 21, 2012 - 02:08pm PT
So I did buy BP in 2010 and it's turned out to be a good investment, but nothing spectacular--I got a nice bump in stock price after the panic subsided, and now it pays a healthy dividend.
But price has been pretty flat for a while; I'd call it a good market "hold" at this point--maybe worth a look if you're going for high dividends.
BASE104

Social climber
An Oil Field
Aug 21, 2012 - 03:20pm PT
The British Petroleum saga dates way back, and they were able to convince Eisenhower to join in Operation Ajax.

If you ever want to know the entire history of oil, and the numerous shenanigans such as this, go buy the book The Prize.

It is THE book that starts at day one and follows the course of money and power and its realtion to oil.

When you fill up at the gas station, the price you don't see is the military expense. We also prop up corrupt monarchies as long as they are friendly.
Karl Baba

Trad climber
Yosemite, Ca
Aug 21, 2012 - 03:44pm PT
Kinda funny that we totally destroyed democracy in Iran and wonder why they might be suspicious of us. What if they did that to us?

Now we want to bomb them again just because they might be preparing a defense for themselves (even though not proved and we already wrecked one country with the same excuse)

Is there no shame if you have the power to do anything without consequence?

PEace

Karl
zBrown

Ice climber
Jul 2, 2015 - 08:23am PT
The attorneys general of Alabama, Louisiana, Florida and Mississippi settled “in principle” with the fallen oil giant British Petroleum on Thursday, agreeing to accept $18.7 billion in damages after a judge deemed the company “grossly negligent” in the costliest offshore environmental accident in U.S. history.


Somehow gross negligence and accident don't mesh.



Kinda of hard to read, but in case you're wondering about BP.

Fiscal year is January-December. All values GBP millions. 2010 2011 2012 2013 2014
Sales/Revenue 192.44B 234.25B 237.14B 242.55B 214.73B
Sales Growth - 21.73% 1.23% 2.28% -11.47%
Cost of Goods Sold (COGS) incl. D&A 162.96B 200.49B 214.64B 217.59B 199.34B
COGS excluding D&A 155.49B 192.9B 206.63B 208.95B 190B
Depreciation & Amortization Expense 7.47B 7.58B 8.01B 8.64B 9.34B
Depreciation 6.99B 6.72B 7.81B 8.47B 9.16B
Amortization of Intangibles 480.59M 865.84M 200.05M 170.82M 184.63M
COGS Growth - 23.03% 7.06% 1.38% -8.39%
Gross Income 29.47B 33.76B 22.5B 24.96B 15.39B


Since that ruling, however, the company has managed to lower the official spill amount by more than a million barrels. It’s also managed to shave more than seven billion off its maximum environmental fine. Thursday’s deal includes $5.9 billion to settle claims by state and local governments for economic damages they have suffered as a result of the spill. It also includes $600 million for other undisclosed claims, $700 million for long term environmental problems that scientists have yet to uncover.

But the total is still likely to come in slightly under BP’s estimate of the spill’s total cost. Plus, the payments will be made over time, not as a lump sum.

BP shares rose 2.8%

mouse from merced

Trad climber
The finger of fate, my friends, is fickle.
Jul 2, 2015 - 12:38pm PT
So are you indicating that things are looking so much brighter they gotta wear shades?

COGS went Down Down Down.
Gross Income, halved.
Shares going Up.

A pool of legal minds gets $7 billion shaved off one of the fines, too.

BASTARDS SHOULD ALL ROT IN GITMO!
couchmaster

climber
Jul 2, 2015 - 01:45pm PT


The book Base104 references, Daniel Yergin's seminal work, "The Prize - The Epic Quest for Oil, Money & Power", is world class excellent. The many nuances of this discussion really can't be covered in a few words on a web site like this, Yergins 928 pages is both readable, and thoroughly researched. I have a handful of books that I keep and periodically re-read, this is one such book.

On the plus side, American citizens have an incredibly high standard of living, a significant amount of which at it's root can be traced to our oil exploitation. On the other hand, big environmental issues which we are all too familiar with, plus Big Oils control of our banks and government can be traced through our addiction too, and exploitation of oil.
hashbro

Trad climber
Mental Physics........
Jul 2, 2015 - 03:00pm PT
"The root desire for maintaining the comfort of the material body created all this.

In a nutshell it's really not BP or anything else but your own self that originally created all these nightmares upon you.

We create the world.

The finger, due to the illusionary energy, always points outside of oneself ....."
Messages 21 - 38 of total 38 in this topic << First  |  < Previous  |  Show All  |  Next >  |  Last >>
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