The Trouble with BP is continuing as on the day that they announce that CEO Tony Haywood is standing down to be replaced by a more "US Acceptable" boss. Along with £11bn pounds loss for the second quarter, it is lucky for BP that RBS had such an atrocious year back in 2007 otherwise it will be the worst quarter by any UK PLC, (RBS lost £20Bn)
But on top of these there was a protest by Green Peace targeting BP filling stations inside London, BP claimed that they shut down 50 of the stations but BP claim there were only 16 effected, The protesters it seemed entered the filling stations and removed the safety switches therefore preventing the stations from opening - because nothing bad ever happened from messing about with the safety at a petrol station! - anyway it appears that all the garages are reopened now so now lasting damage has been done, although as the London Ambulance service have a contract with BP it could all have been a lot worse. The protesters message was that BP should not be spending as much money on trying to get new sources of Oil, a message that I personally think is a joke, whilst I would love to see a new power source (I am backing Hydrogen Power) the way to achieve the goal is not to attack an Oil company for selling Oil but rather to try and change the way consumers think, it is after all a case of supply and demand, as long as we are all consuming oil they will keep digging for it, and in harder and harder places meaning that a repeat of this years disaster is inevitable. Change needs to come but it needs to come from the car manufacturers and purchasers
But on top of these there was a protest by Green Peace targeting BP filling stations inside London, BP claimed that they shut down 50 of the stations but BP claim there were only 16 effected, The protesters it seemed entered the filling stations and removed the safety switches therefore preventing the stations from opening - because nothing bad ever happened from messing about with the safety at a petrol station! - anyway it appears that all the garages are reopened now so now lasting damage has been done, although as the London Ambulance service have a contract with BP it could all have been a lot worse. The protesters message was that BP should not be spending as much money on trying to get new sources of Oil, a message that I personally think is a joke, whilst I would love to see a new power source (I am backing Hydrogen Power) the way to achieve the goal is not to attack an Oil company for selling Oil but rather to try and change the way consumers think, it is after all a case of supply and demand, as long as we are all consuming oil they will keep digging for it, and in harder and harder places meaning that a repeat of this years disaster is inevitable. Change needs to come but it needs to come from the car manufacturers and purchasers
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