Wednesday, June 16, 2010

Endless Entertaining Stupidity: BP's Chairman, "We Care About The Small People.". The Fundamental Question Is Do The Small People Care About BP

enough to save the company? Because I believe the very future of BP could be in the hands of those "small people".

I'm endlessly amazed at the hoof in mouth disease of politicians and corporate bureaucrats. Where does the statement "small people" come from? How hard is it to say we care about the people who live near the Gulf?

As I scan the news today it appears more and more information is coming out regarding the culture of corruption and/or negligence within BP. That's really ashame. BP employs a substantial number of Americans who are hard-working and add value to our economy through research, engineering, energy & chemicals production, etc. For those trying to spin this into some type of anti-British sentiment, BP is really more of an American company than a British company because of its purchases of Atlantic Richfield, Amoco and Standard Oil. And I would suppose more Americans work for the firm than any other nationality. Of course, if our government would have enforced monopoly laws in the United States and we had a market based on competition rather than massive corporations, the United States government never would have allowed any of those purchases in the first place. But, behind those purchases is not only the dismantling of the rule of law but the fraud of our financial system printing money out of thin air to fuel the fraudulent mergers and acquisitions game that has played such an enormous role in decimating our economy while lining Wall Street pockets in the process.

As investigations start into what went wrong, I fully expect BP to become substantially less cooperative than the happy-talk we saw today. In fact, I suspect its management realizes the potential for charges of criminal negligence and by conclusion charges of negligent homicide amongst a host of other lawsuits. I'm sure our lobbyist-infested politicians would rather sweep this under the rug like they are doing with the potentially negligent coal mining deaths earlier this year but this issue has become too large for politicians to sweep away. I wouldn't be at all surprised to see people headed to prison by the time this is all said and done. This is beginning to look a lot like Enron from some angles. I'm not saying that will happen but I wouldn't be surprised.

So, the question really isn't if BP cares about the small people, but if the small people care about BP more than economic, civil and criminal restitution from what appears to be a negligent corporate culture.
posted by TimingLogic at 5:27 PM