Two New Games from BP

In a recent Wall Street Journal article, Raymond James analyst Pavel Molchanov estimated  the final cost to BP of the Deep Water Horizon oil spill at $63 billion.  Although the company plans to recover nearly $10 billion  in US tax credit for losses incurred as a result of the spill, they will still need to raise another $53 billion. Incoming BP CEO Robert Dudley will be charged with selling $30 billion in company assets.

Perhaps BP should follow its company slogan, BEYOND PETROLEUM and diversify.   In April 2010, it boasted investments in over a billion dollars of alternative energy projects.  But they are going to need a lot more cash to offset their heavy losses in oil for this year.  Their clean-up efforts demonstrated a deep connection to the culture and technology of the 1980's. Therefore, I propose selling some retro themed games based on the adventures of their outgoing and incoming CEOs.

http://www.bpoilspilllawblog.com/2010/06/pavel-molchanov-an-analyst-at.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+BpOilSpillLawBlogCom+(BP+Oil+Spill+Law+Blog)
http://www.biofuelsdigest.com/bdigest/2010/04/15/bp-to-invest-8-billion-in-alternative-energy-through-2015/
http://www.heraldnet.com/article/20100728/NEWS02/707289822

BP Pals Around with Terrorists

Sarah Palin appears to be organizing another run at national office.  If she were to pull together a campaign team with long term memory and conscience,  one could imagine her revisiting her popular catch phrase with a twist.

July 15, 2010 UPDATE: turns out the Bush administration knew and did not oppose negotiations between BP, Britain, and Libya to release the Lockerbie terrorist. Nice.

"BP begins drilling in Libyan waters this month as part of a $900 million deal secured in 2007. Observers of the 2007 deal note that it came as convicted Pan Am Flight 103 bomber Abdelbaset al-Megrahi was added to a prisoner-transfer agreement between London and Tripoli."http://www.upi.com/Science_News/Resource-Wars/2010/07/14/BP-Lockerbie-bomber-probe-ordered/UPI-58491279110525/

"The exploration deal for oil and gas, potentially worth up to £15 billion, was announced in May 2007. Six months later the agreement was still waiting to be ratified." 

"Within six weeks of the government climbdown, Libya had ratified the BP deal. The prisoner transfer agreement was finalised in May this year, leading to Libya formally applying for Megrahi to be transferred to its custody."http://www.timesonline.co.uk/tol/news/politics/article6814939.ece

stupid is as stupid does

cars are the basis of our economy. we developed an infrastructure around the automobile. we spend so much time commuting in cars that we have lost the ability to transport ourselves without cars. we cannot imagine a future without cars. we fuel our cars with petroleum. petroleum is becoming increasingly difficult, dirty and expensive to get. we are now willing to sacrifice our children in war and the environment they would need to survive to acquire petroleum. we need petroleum to run our cars.