The New Business Paradigm (cont.)
Is this connected to this?
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From the first article:
"Oil company BP PLC reported Tuesday its net profit rose 30 percent in the second quarter, as soaring world oil prices counterbalanced lower oil and gas output. Chief Executive John Browne also announced that he would step down at the end of 2008.
BP, one of the world's largest oil companies, posted a net profit of $7.3 billion for the three months ending June 30, up from $5.6 billion a year earlier. Revenue rose 24 percent to $73.5 billion from $59.3 billion."
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From the latter:
"Oil production in Alaska has long been a concern for environmental campaigners although companies insist safety and the eco-issues are prioritised above profits.
Following the move by BP to shut down half the production on Alaska’s North Slope after finding severe corrosion in a Prudhoe Bay oil transit line, US politician John Harris, who speaks for Alaska in the House of Representatives, praised BP for taking immediate action.
'This state cannot afford to have another Exxon Valdez,' he said."
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No we/they can't. That's for sure.
Yes, let's all praise BP for caring about us, the consumer. And the kids. The kids, too. They do it all for them.
"(N)et profit rose 30 percent in the second quarter, as soaring world oil prices counterbalanced lower oil and gas output" --->> LOWER OIL AND GAS OUPUT leads to "the move by BP to shut down half the production on Alaska’s North Slope". Or am I just being ridiculous? Maybe both. Yeah....both.
Four dollars a gallon by the end of the summer or early fall? Possibly. But thank heavens it's all going for a good cause. At least according to Alaskan pol Harris. Today, I've noticed the gas stations down the road apiece have raised prices about 10 cents/gallon. Not bad. I expected a bolder move. We'll see what lies ahead.
I'm buying a ten speed, right quick.
-----------------------------------------------
From the first article:
"Oil company BP PLC reported Tuesday its net profit rose 30 percent in the second quarter, as soaring world oil prices counterbalanced lower oil and gas output. Chief Executive John Browne also announced that he would step down at the end of 2008.
BP, one of the world's largest oil companies, posted a net profit of $7.3 billion for the three months ending June 30, up from $5.6 billion a year earlier. Revenue rose 24 percent to $73.5 billion from $59.3 billion."
-----------------------------------------------
From the latter:
"Oil production in Alaska has long been a concern for environmental campaigners although companies insist safety and the eco-issues are prioritised above profits.
Following the move by BP to shut down half the production on Alaska’s North Slope after finding severe corrosion in a Prudhoe Bay oil transit line, US politician John Harris, who speaks for Alaska in the House of Representatives, praised BP for taking immediate action.
'This state cannot afford to have another Exxon Valdez,' he said."
----------------------------------------------
No we/they can't. That's for sure.
Yes, let's all praise BP for caring about us, the consumer. And the kids. The kids, too. They do it all for them.
"(N)et profit rose 30 percent in the second quarter, as soaring world oil prices counterbalanced lower oil and gas output" --->> LOWER OIL AND GAS OUPUT leads to "the move by BP to shut down half the production on Alaska’s North Slope". Or am I just being ridiculous? Maybe both. Yeah....both.
Four dollars a gallon by the end of the summer or early fall? Possibly. But thank heavens it's all going for a good cause. At least according to Alaskan pol Harris. Today, I've noticed the gas stations down the road apiece have raised prices about 10 cents/gallon. Not bad. I expected a bolder move. We'll see what lies ahead.
I'm buying a ten speed, right quick.
posted by joe sweeney at 9:57 AM
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