BP plc (BP)

All Comments on BP

  • commenter
    Investor612
    May 25 03:25 PM
    America's Energy Policy: Coming to Terms with Reality [view article]
    The article itself is spot on, some of the comments it inspired are not.
    1. Panskeptic uses the exceptions to discredit the whole regarding the free market.
    2. GlobalWarmingExaminer writes that "spending one trillion in Iraq is destroying our economy." I note that the US military estimates it has killed between 30 to 35 thousand foreign fighters in Iraq-people who have come from outside that country to attack US troops. Perhaps GlobalWarmingExaminer believes those jihadist nutjobs would be sitting around camel dung fires in the desert, holding hands, and singing "Kumbaya" if we abandoned Iraq. It's more logical to assume a great many of them would be attacking US, Western interests elsewhere. One wonders what that would cost in light of the huge drag on the economy and extra expense created by 9/11?
    3.barnburner writes that Exxon hasn't cleaned up the mess from the Exxon Valdez spill (he ignores how much they've spent cleaning it up) and that these "idiots," referring to the oil industry, shouldn't be trusted in ANWR. One wonders why barnburner thinks shipping in oil from elsewhere is safer and that we regulate the oil industry so that it behaves responsibly in literally hundreds of other locations.
    4. last we come to jjason, the man with all the answers. he wrotes that "OPEC must be broken up, making it illegal." Really? And just how does jjason propose to do that short of a military effort on the scale of WWII?     Reply
  • commenter
    EcoEconoMind
    May 25 02:53 PM
    America's Energy Policy: Coming to Terms with Reality [view article]
    I like this one:

    >EVERYONE needs to be involved in the solution.
    >1. OPEC must be broken up by making it illegal.

    How about if we all just go to our city councils and demand that OPEC be made illegal. Let's start in Berkeley or Palo Alto. Or, maybe the US Government can take them to The Hague. What if we argued our case for making OPEC illegal at the UN! Yea, either or all three of those ought to do it!     Reply
  • commenter
    sbjforever
    May 25 12:20 PM
    American Airlines Struggles With High Oil, Weak Dollar [view article]
    Oil price need not effect airline earnings. A highly visible ticket surcharge that mirrored oil costs' rise and fall. Implemented on a daily basis (if need be) via a prominently displayed notice behind each ticket counter and on travel web pages; WSJ, FT indexes etc., showing daily fuel surcharge to be added to scheduled ticket price thus eliminating much confusion and uncertainty. Reply
  • commenter
    sbjforever
    May 25 12:20 PM
    American Airlines Struggles With High Oil, Weak Dollar [view article]
    Oil price need not effect airline earnings. A highly visible ticket surcharge that mirrored oil costs' rise and fall. Implemented on a daily basis (if need be) via a prominently displayed notice behind each ticket counter and on travel web pages; WSJ, FT indexes etc., showing daily fuel surcharge to be added to scheduled ticket price thus eliminating much confusion and uncertainty. Reply
  • commenter
    jjason
    May 25 07:35 AM
    America's Energy Policy: Coming to Terms with Reality [view article]
    Lots of misinformation in the article and in the comments.

    First- OPEC is a monopoly. OPEC sets production limits and prices.

    Second- Oil executives are among the highest paid executives in the world.

    Third- We use a lot of oil to have fun, go to and from work and in throw-away products.

    Fourth- The oil futures markets have allowed people to speculate in oil which helps drive up the price with artificial demand.

    Fifth-The whole world is involved in one through four.

    EVERYONE needs to be involved in the solution.
    1. OPEC must be broken up by making it illegal.

    2. US income tax rates for folks earning over $200,000 a year will have to go up. Don't tax the oil companies , tax the employees.

    3. The federal tax on gasoline will have to go up. We need to teach US citizens how to conserve energy. There must be an energy policy whereby we produce more of our own energy.

    4. We must stop speculation in oil and all other commodities.

    5. Financial institutions need to be well managed by smarter, more honest people. There was a speculative bubble in the US housing market that has seriously hurt our financial system.

    You see, the problems can be solved if you recognize what the problems are. And, sometimes, the problem is YOU.

     Reply
  • commenter
    Kunst
    May 24 11:25 PM
    The Triple Play: Oil Addicts, The Credit Crunch and Deflation [view article]
    36 model: "We could be independent of foriegn oil if allowed to drill in ANWR and off both coasts."

    Let's see, that means we could roughly quadruple our production, producing about as much as Saudi Arabia and Russia combined. You are completely out of touch with reality.     Reply
  • commenter
    TAWAU
    May 24 09:12 PM
    America's Energy Policy: Coming to Terms with Reality [view article]
    How often does one read that “America does not have an energy policy”, and if this be so, it surely must be the time for politicians to earn their salaries, and to show some leader ship!
    --- most of Europe runs on the equivalent of USD8 per gallon of petrol, as against the US’s USD4 per gallon, this = smaller cars, and better public transport (electric trains and trams).
    --- Brazil runs on ethanol, but if this is considered a bad idea, how about electric or gas run cars? I understand America is awash in gas so why not produce it?
    --- France generates 70% of its electricity from Nuclear Power plants, this = more Power Stations.
    Come on --not difficult, and not rocket science!!
    Reply
  • commenter
    FocusNFun
    May 24 05:46 PM
    America's Energy Policy: Coming to Terms with Reality [view article]
    John S. Gordon,

    Liquifaction plants are expensive (billions), take years to produce, and share similar CO2 problems with simply burning the coal

    All that adds up to economic viability at around $60 to $65 / barrel.

    In the past, when people have thought to build such a plant (remember it takes years to get going), it rusts during the years when oil producers drive the price below $60 / barrel. At the end of the day, oil is cheaper when suppliers make it so.

    As an aside, South Africa has the worlds most advanced (operational) liquifaction plant. China's (Mogolia's) is alternitatively going forward at remarkable speed or on hold depending on the Chinese government's assessment of the future.
    Reply
  • commenter
    sbenard
    May 24 11:52 AM
    My Website
    America's Energy Policy: Coming to Terms with Reality [view article]
    Mr. Math--
    Your math ain't so good! Wheat prices are down 41% from their highs -- and still falling! Wheat prices are below BOTH the 50-day and 200-day moving averages. So are sugar and many other commodities.
    Meanwhile: Wheat storage in the U.S. is at the lowest point since 1948 -- that's World War II era, when the U.S. population was half of what it is today!
    Speculative traders have NOTHING to do with that. These are supply and demand issues that MUST push prices higher!
    I wrote about the commodity bubble myth on my blog this week:
    globalcapital.blogspot.../
    cheap-sugar-most-commo...     Reply
  • commenter
    captbob
    May 24 11:27 AM
    America's Energy Policy: Coming to Terms with Reality [view article]
    In 1980, the U.S. Government established the Synthetic Fuels Corporation to produce an alternative to imported fossil fuels.

    That was right after the 1979 Gas Crisis and the Carter Administrations answer with price controls-which put lines of cars around the block from the only station in town with gas--remember that??

    Glad we're rid of that dunce--and these other Rip Van Winkles awake 28 years later to call hearings---Here's a ?? how's their synthetic fuel Corp. doing after all that time???     Reply
  • commenter
    ship shape
    and bristol
    fashion
    May 24 11:08 AM
    America's Energy Policy: Coming to Terms with Reality [view article]
    Look at the price of coal, man! Reply
  • commenter
    john s.
    gordon
    May 24 11:07 AM
    America's Energy Policy: Coming to Terms with Reality [view article]
    there have been stories that the government of china is building coal-to-liquid fuels plants to mitigate their oil import problem. why doesn't the government of the usa do likewise? the houston oil corporations aren't going to do it, they like to keep prices high like they are. Reply
  • commenter
    stacked up
    May 24 10:21 AM
    My Website
    America's Energy Policy: Coming to Terms with Reality [view article]
    PBR - The Best Of Breed ...
    The stupid "herd" sold PBR last week as if they struck dirt ..
    If Xon is $95, PBR should be $150 ..     Reply
  • commenter
    Ronmac
    May 24 10:20 AM
    America's Energy Policy: Coming to Terms with Reality [view article]
    Merger mania, barnburner, and panskeptic, it is unbelievable that you believe the other posters are "big oil apologists". None of you have a single fact. Mini-marts go out of business, but the big oil companies don't. That is supposed to convince me? Plenty of oil to meet demand? Please go entertain yourselves elsewhere, these discussions are obviously way over your heads. Most of us here are here to try and understand the energy environment so we might make some money. So "feelings" and "if the truth be known" types of arguments are simply obfuscating reality. Reply
  • commenter
    ship shape
    and bristol
    fashion
    May 24 09:25 AM
    America's Energy Policy: Coming to Terms with Reality [view article]
    Merger Mania

    You are ignorant.

    When we talk about oil prices we talk about Light Sweet crude. THE important inventory installation for that grade is Cushing, OK.

    Last year at this time there were 27.4 million barrels this year there are 20.6 million barrels. So that is about a quarter less than last year. Considering that this years dollar doesn't buy last years dollar, I cannot see anything strange in the price of oil.

    Your lack of information is just as unsettling as the lack of high quality crude.     Reply
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