Monday, June 09, 2008

model corporate sociopathy

"The head of BP said today oil prices are unstable because markets are not well supplied, and attacked higher taxes in oil-producing countries for holding back investment in new output.

"The problem is not below ground, the problem is above ground," Tony Hayward, BP's chief executive, said at an oil and gas conference in Malaysia." (my bold)

BP posted record profits of $16.2 billion in February. That must really hold back investment. Yeah.

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