I told you so... BP signed on to the Kyoto treaty, way back in the nineties. BP opposed drilling in the ANWR. BP sees handicapping the US economy as a plus.
CONOCO and Shell signed on to this new cap and trade as well. George Soros and Warren Buffet are heavily invested in CONOCO and seem to be influencing the operations. There have been many changes, much of which don’t seem to be good.
Basically, it’s fascism. The oil companies agree to the draconian government regulations and taxes, which are passed on to the consumers in exchange for favorable government contracts and being allowed to continue operating. BP was the first and were the lead company in every area where they operated. The government regulators mostly looked the other way, except when the unions complained.
My guess is that BP is getting something out of all this money $27billion fund, just like Goldman Sachs got control of the Chicago carbon exchange. Remember the ties that bind???
BP sabotaged it's own well ....
Soros is also heavily invested, really heavily, in Petrobras. He’ll make a lot of money when the rigs Obama ordered idled move on off to Brazil:
http://joytiz.com/2010/obamas-boss-sees-silver-lining-in-bp-spill/