BP has failed to stop the spill, Gives up and moves on to other venues.

[ximmy]

BP admits it has failed in its ongoing effort to plug the volcanic oil gusher spewing since April 20th. BP spokesman was heard saying, “After more than a month of trying to plug the leak, our workers are tired and BP has been forced to pay an excess of worker overtime. The costs for cleanup of this mess have far out surpassed any amount we have fathomed. It is in the companies’ best interest to move onto other more lucrative oil exploration activities.”

BP has instead relegated millions of dollars to fund advertisement in world newspapers to offset any bad publicity the company has endured.

“In this area there is so much black oil in the ocean we cannot see clearly enough to plug the leak. We first reported that 1000 barrels of oil a day were leaking into the gulf, the number rose to 5000, and when this number seemed unbelievable we raised it to 25000 barrels a day.

Most of our efforts went to piping the leaking oil into our ships to save the oil, but the rate of salvaging the oil from this leak is minimal and doesn’t justify the expenditures needed to save the oil. It is better to leave the gulf and have the spill attended too by those more able than BP.”

The US government has decided to take over all liabilities and future attempts at stopping the spill. One government official was quoted, “Remember the saying, Why cry over spilt milk? Well, the same could be said of this situation, The ocean is very big, Why cry over a little spilt oil?”

http://www.channelnewsasia.com/stories/afp_world/view/1058771/1/.html

BP launches PR fightback over oil spill
Posted: 25 May 2010 0339 hrs

LONDON: Under-fire oil giant BP launched a public relations fightback on Monday over the Gulf of Mexico rig spill, pledging up to 500 million dollars to study the impact and taking out major newspaper ads.

The twin moves came as BP faced mounting pressure to check the massive oil leak, after the US government threatened to take over the response to the month-old disaster.

[Gangsta99]

Ponce is right, this is going to kill a lot of people.

[StackerKen]

..they are giving up?

the US government can't fix this...we all know that...

the gulf may be doomed :-\

[Horn]

I had thought they were trying their premiere plug plan this Wednesday?

[ximmy]

I had thought they were trying their premiere plug plan this Wednesday?


They are.. Spongebob is ready for the task

[madfranks]

It doesn't read like a legitimate news story to me. It's very poorly written, there is no author (I checked the link) and there are no names to these various "officials" who are being quoted, whose comments seem made up as well.


“In this area there is so much black oil in the ocean we cannot see clearly enough to plug the leak. We first reported that 1000 barrels of oil a day were leaking into the gulf, the number rose to 5000, and when this number seemed unbelievable we raised it to 25000 barrels a day."

“Remember the saying, Why cry over spilt milk? Well, the same could be said of this situation, The ocean is very big, Why cry over a little spilt oil?”

::)

[k-os]

^^^ I hope you are right, madfranks. My eyes were bulging out as I read it and I thought . . . this can't be right. I believe BP could and would be this ruthless, I just don't think they would verbalize their callousness so bluntly.

[ximmy]

^^^ I hope you are right, madfranks. My eyes were bulging out as I read it and I thought . . . this can't be right. I believe BP could and would be this ruthless, I just don't think they would verbalize their callousness so bluntly.


It's satire representing the lackadaisical response of BP for this disaster.

[optionT]

Here is an article on foxnews saying this:

COVINGTON, La. (AP) — The Obama administration's point man on the oil spill rejected the notion of removing BP and taking over the crisis Monday, saying the government has neither the company's expertise nor its deep-sea equipment.

"To push BP out of the way would raise a question, to replace them with what?" Coast Guard Commandant Thad Allen, who is heading the federal response to the spill, said at a White House briefing.

The White House is facing increasing questions about why the government can't assert more control over the handling of the catastrophe, which unfolded after a BP offshore drilling rig blew up April 20.



http://www.foxnews.com/us/2010/05/24/feds-reject-notion-removing-bp-gulf-oil-spill-response-say-government-lacks/

[k-os]

It's satire representing the lackadaisical response of BP for this disaster.


Ooops. We need a "satire" smiley. How about this one: :lies:

[mick silver]

it to bad we the people dont have a court for they ass holesssssssssssssss

[bonaparte]

it to bad we the people dont have a court for they ass holesssssssssssssss


We do have a vote with our money. Just don't buy gas from BP anymore.

[StackerKen]

it to bad we the people dont have a court for they ass holesssssssssssssss


We do have a vote with our money. Just don't buy gas from BP anymore.



thats a good idea there...everyone should boycott ARCO gas...

easy for me cause I don't buy gas there anyhow....

what else do they own?

[k-os]

Amoco is also BP

[mick silver]

but then we will have to bail them out .. see how it works

[Buddha]

Top Institutional Holders of BP[110]

State Street Corporation
FMR Corporation(Fidelity Management & Research Corp)
AXA Financial, Inc.
UBS Warburg LLC
Morgan Stanley Dean Witter & Company
Barrow, Hanley Mewhinney & Strauss, Inc.
Bank of America Corporation
Citigroup Inc.
First Union Corporation
State Farm Mutual Automobile Insurance Co

Top Mutual Fund Holders of BP[111]

Fidelity Contrafund Inc
Vanguard/Windsor II
Alliance Premier Growth Fund
Fidelity Growth And Income Portfolio
Fidelity Equity-Income Fund
Massachusetts Investors Trust
Fidelity Magellan Fund Inc
Variable Insurance Products...
Fd-Equity-Income Portfolio
Putnam Fund For Growth And Income
Price (T.Rowe) Equity Income Fund


BP's Board of Directors

Sutherland, Peter D.
Co-Chairman of the Board
Age: 53

Peter Sutherland was a non-executive director of BP from 1990 to 1993 and rejoined the board in 1995, he was appointed chairman of BP in May 1997 [49]. His other interests include chairmanship of Goldman Sachs International and a position as a non-executive director of Telefonaktiebolaget LM Ericsson, Investor AB and ABB [50]. In addition, he is on the advisory board of the US 'Council on Foreign Relations' [51] who at July 9th, 2001 bear the headline "The Collapse of the Kyoto Protocol and the Struggle to Slow Global Warming" on the front page of their website [52]. Sutherland is also chairman of the US 'Overseas Development Council' who work to emphasise 'America's national interests in multilateral engagment' [53].


Buchanan, John G.
Chief Financial Officer
Age: 56

John Buchanan, chief financial officer, was appointed an executive director of BP in 1996. He is a non-executive director of Boots, the UK cosmetics and pharmaceuticals retailer and a member of the UK Accounting Standards Board [54].

Block, Ruth S.
Director
Age: 69

One of only 2 women at the top of the company Ruth Block joined Amoco's board in 1986 [55]. She retired as executive vice president and chief insurance officer of The Equitable (The UK insurer) in 1987 [56]. She is a non-executive director of Ecolab [57] who serve clients within the fields of Agribusiness, Building Servives, Dairy Processing, healthcare, pharmaceuticals, Pest Elimination and vehicle services [58]. She is also a director of Alliance Capital Mutual Funds (www.alliancecapital.com)

Bryan, John H.,
Position: Director
Age: 63

John Bryan joined Amoco's board in 1982, he is also chairman and chief executive officer of Sara Lee Corporation [59] who manufacture and market foods, underwear and household products worldwide [60]. He is also a non-executive director of Bank One Corporation (www.bankone.com), General Motors Corporation and Goldman Sachs [61].

Davis, Jr. Erroll B.
Director
Age: 55

Erroll B. Davis, Jr. joined Amoco's board in 1991. He is president and chief executive officer of Alliant Energy [62], which is an energy provider to consumers in the American mid-west [63]. He is a non-executive director of PPG Industries [64] which provides materials for manufacturing, construction, automotive industry and chemical processing [65]. In addition he is a member of the American Society of Corporate Executives and the Association of Edison Illuminating Companies [66], the association for US and international (shareholder-owned) electric companies [67]. He is also a member of the Wisconsin Association of Manufacturers and Commerce, the Iowa Business Council and the Edison Electric Institute: [68] 'The association of US shareholder-owned electric utilities and international affiliates' [69]. He is a member of the Nuclear Energy Institute, [70] whose purpose is to foster and encourage the continued safe utilization and development of nuclear energy in the US [71]. He is also a trustee of Carnegie Mellon University [72].

Ferris, Richard J.
Director
Age: 63

Richard Ferris joined Amoco's board in 1981. He retired as co-chairman of Doubletree Corporation [73] which manages resorts and business hotels [74], in 1997. He is a non-executive director of The Proctor & Gamble Company [75] (Pharmaceuticals & Cosmetics).

Knight, Charles F.
Director
Age: 64

Charles Knight joined BP's board in 1987. He is chairman and chief executive officer of Emerson Electric [76] who supply hi-tech engineering equipment to companies including BP [77] and is a non-executive director of Anheuser-Busch [78] whose operations are focused on beer, adventure park entertainment and packaging [79] and of Morgan Stanley Dean Witter [80], Financial services (www.morganstanley.com), IBM and SBC Communications [81], the US telecomunications Company [82].

Maljers, Floris A.
Director
Age: 66

Floris Maljers joined Amoco's board in 1994. He is a member of the supervisory boards of SHV Holding [83] whose business encompasses LPG, Food, Recycling and Venture Capital; [84] Vendex N.V. [85] who market consumer goods in the Netherlands, Belgium, France, Germany, and the US; [86] and KLM Royal Dutch Airlines [87]. He is chairman of the supervisory board of the Amsterdam Concertgebouw and Rotterdam School of Management, Erasmus University [88].

Massey, Walter E.
Position: Director
Age: 61

Walter Massey first joined Amoco's board from 1983 to 1991, he rejoined in 1993. He is president of Morehouse College and is a non-executive director of Motorola (electronics company), Bank of America, McDonald's Corporation (fast food), the Mellon Foundation and the Commonwealth Fund [89], a private foundation which funds research on health [90].

Miles, H. Michael P.
Director
Age: 63

Michael Miles joined BP's board in 1994. He is chairman of Johnson Matthey and a non-executive director of ING Baring Holdings and BICC [91], both finance companies.

Nicholson, Robin
Director
Age: 65

Sir Robin joined BP's board in 1987, his past positions include chairmanship of Pilkington Optronics from which he retired in November 1998 [92]. Pilkington is the leading UK supplier of Electro-optic equipment [93]. He is a non-executive director of Rolls-Royce [94] the UK based automobile, aerospace and arms company, and a member of the UK Government's Council for Science and Technology [95].

Prosser, Ian
Deputy Chairman of the Board
Age: 56

Sir Ian joined BP's board in 1997 and was appointed deputy chairman in February 1999. He is chairman and chief executive of Bass (UK Brewers), a non-executive director of Glaxo-SmithKline (Pharmaceuticals) and vice president of the council of the Brewers and Licensed Retailers Association (UK) [96].

Wilson, Michael H.
Director
Age: 62

Wilson joined the board of Amoco in 1993, His other interests include his position as vice chairman and a director of RBC Dominion Securities and as a non-executive director of Manufacturers Life Insurance Company and of Rio Algom [97].

Wilson, Robert
Director
Age: 56

Sir Robert joined BP's board in July 1998. He is chairman of Rio Tinto, the notorious mining corporation and a non-executive director of Diageo [98] (Food and drink corporation [99]).

Wright, Lord
Director
Age: 68

Wright joined BP's board in 1991, having previously been Permanent Under-Secretary and Head of the UK Diplomatic Service. He is a non-executive director of De La Rue [100] the global 'cash transactions' business [101].

[ximmy]

WOW.. great idea.. I've been buying arco gas!!! :o

[Serpo]

Why dont they stuff the hole with FIAT ,something they have plenty of and about all its good for. :fish