Saturday, June 12, 2010

A fervent love based on a deep fear


Seems some people in Britain are unhappy with Americans' public views of BP. Aww.

“When you consider the huge exposure of British pension funds to BP, it starts to become a matter of national concern if a great British company is being continually beaten up on the airwaves,” Mr. [Boris] Johnson [the Conservative mayor of London] told BBC radio’s Today program.

Prime Minister David Cameron refused to criticize the United States, however, saying he sympathized with its “frustration” in dealing with its worst environmental disaster in memory. But the chancellor of the Exchequer, George Osborne, signaled careful support for BP, saying that he had spoken to its chief executive, Tony Hayward, and that it was important to remember “the economic value BP brings to people in Britain and America.”

BP is the third largest oil company in the world, after ExxonMobil and Royal Dutch Shell, with 80,000 employees worldwide as of last December, sales of $239 billion in 2009 and a market value — even after the recent losses — of more than $100 billion. At a time when Britain is desperate to reduce its deficit, BP is a huge contributor to British tax revenue, paying nearly $1.4 billion in taxes on its profits last year.

Its reputation for reliability and its generous dividends have long made it a favorite of British pension funds. The company’s dividend payments accounted for about 13 percent of the dividends handed out by British companies last year, according to FairPensions, a London-based charity.

The message - BP can do whatever it wants, just don't do anything in response that might hurt anyone else financially. It's like having a crackhouse in your neighborhood and everyone agreeing that is indeed thoroughly a detriment, but hey, don't get rid of it, cause it keeps up foot traffic for the corner store.

This reminds me of people saying how you shouldn't boycott BP stations because the ballyhooed small businessman will get hurt, not BP. That's unfortunate, but the reality of the situation is that when you deal with the devil, you should expect some negative consequences. It's that same mentality - coercing people to still buy from BP.

Here's some "vicious" criticism from some bank fuck:

Iain Armstrong, an analyst at Brewin Dolphin, an investment manager here [in the UK], said that the situation had become “overpoliticized” and had confused the markets about BP’s actual strength.

“It’s gotten completely out of hand,” he said. “Ironically, by being extremely strong financially, BP has become a target.”

Well, no, it's more that they have a big pipe on the ocean floor that is shitting oil and gas into the water at the rate of well over one million gallons per day since April 20th (4/20 bro). It is now June 12th. Long time, yeah? And you see, even though it is a big body of water, like CEO Tony Hayward has said, it's a whole lot of oil. It really is. And the problem with all that is that oil and water still don't mix. I don't know why, I guess oil is stubborn, or maybe water is racist. Then you wind up killing lots of birds, dolphins, fish (I wish Phish as well) and many smaller organisms (though not walruses, seals or sea lions) that are essential for the ocean to function as a source of life, not to mention all those jobs you wipe out. You could put those people to work cleaning up your big mess, but you generally don't, you give those jobs to rich people instead. To conclude, Iain Armstrong has no fucking point. At all.

Finally, we see the most ostentatious and offensive manifestation of this attitude, casting BP as the victim:

Writing on his Web site, a Conservative peer, Lord Tebbit, called the American response “a crude, bigoted, xenophobic display of partisan, political, presidential petulance against a multinational company.”

Yes, Americans are crude, bigoted, xenophobic and partisan, not to mention racist, homophobic, sexist, rude, hostile, selfish and destructive, but they are mostly not political. Poor multinational company with $100 billion value with a $17 billion profit last year. Stop kicking it around, America! It's from another country, so you have to accept it, no matter what! Otherwise you are an asshole! You can't criticize!! Fuck, this sounds like Zionism. Financial Zionism. Capitalist Zionism.

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