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You and I look at the Gulf and see blue ocean. Oil execs see the entire thing carved up and claimed by oil companies.
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A primer on the delight on regional candy bars from the author of "Candy Freak." It's really his book, boiled down to an article, but since I'm in the midst of eating $30 worth of regional candy bars right now, it's all on my mind. I had my first Twin Bing last night—I'm hooked!
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I was a big fan of the Marathon and Seven Up bars when I was a kid–both could be found here in Virginia.
Interesting interview with Matt Simmons (Simmons & Co) the O&G industry analyst.
Jesus.
Could BP’s decision to self-insure represent the zenith of industry arrogance and their demise…or are they “too big to fail”. Stand by.
“or are they ‘too big to fail’.”
I think it’s incredibly unlikely, but on the off chance that it does, I’m going to go ahead and say in advance that if the AMERICAN government offers any sort of financial or political cover to BRITISH Petroleum, I’m emigrating elsewhere. Bailing out Wall Street’s one thing; bailing out Paternoster Square’s another matter entirely.
On another topic that was brought up during that interview, layering out BP’s management and turning over domestic operations and contracting to military authority — it had occurred to me that the government can probably find a way to do this, and so I’m sure that it’s occurred to the White House as well. Unfortunately, they probably also realized that the moment you turn control of a corporation over to the military, you’re basically begging for Glenn Beck and his ilk to scream out “Socialism!” and call for a civil war. Even custodial receivership is fraught with political perils despite the fact that it’s probably the only way we’re ever going to be able to know for certain that everything’s being done to end this hemorrhage beneath the surface of the Gulf.
(Also, while Matt Simmons may know a lot about oil production, he doesn’t know DOD/DHS; the USCG today has much better management and leadership today than the USN does, so putting the Navy in charge of anything maritime that doesn’t require either submarines or aircraft carriers is a ridiculous idea).