Re: Do you trust BP?

[shu]

As to the original question, do I trust BP?

Vague, but I assume it means do I trust British Petroleum to be a responsible corporate identity in my neighbourhood, yes? My answer … perhaps. I have not decided, though of course the recent situation does taint my reflection somewhat. I reflect.

I must discuss the economic model of risk introduced. I fail to see the principle being introduced but an argument that the numbers (prices) proposed are faulty. It seems the statement revolves around whether or not BP has calculated the prices (risk) within ‘acceptable’ parameters. BP is irrelevant. The shareholder’s, consumer’s and employees are the only humans in the equation. Second, does anyone seriously accept the principle that an infinite value should be placed upon life? It is a terrible tragedy that the company should be held liable for. Whether or not the government of the States has in place any clause(s) that allow wiggle room is another debate. Here in Canada we should be weary and attempt to progress beyond the fallacies of the past. (Think this was a discussion earlier concerning the topic of evolution and growth?!) Today, millions of Britons are being punished (pensioner’s) for holding company stock. As well, millions of Southerns are being subjected to ‘change’ because of the recent situation. The question I must ask, is whether or not anyone seriously considers the current United States administration to be suited to the task versus those of previous administration(s)? Is it not merely history repeating itself. All struggling to comprehend and muddle themselves through trying and difficult situations. I encourage the readers to enjoy themselves of recent John Stewart commentary on this matter. Truth be told, it is a crappy situation all around, of that there is little doubt. Who among us is willing to accept responsibility? Not me, though I own stock. Not me, though I drive a car. Not me, though I voted … and on and on. So, as to the question … does BP have a future here in the valley … perhaps, however, most likely not. Chances are they will become cash strapped and sell the rights. So what does that mean. Very little I suspect.

My opinion in the end is that we must grow, evolve. The sad reality of it all is that one of the greatest forces on natural selection and evolution is death. Moreover, mother nature is without callousness. Just is. Regulation is therefore just. The real question I summarize has got to be thus … what is the price you might place upon life?

(myself … bp should be brankrupt tomorrow, just as I would have jp morgan and citibank, etc.. I would include the automakers here in canada as well … but as I recall, I was near alone on those matters … thanks wildsight. Failure has got to be part of the model of progress though does not have to be reflective of pure natural selection. Let us take care of those that require it but allow for progress as well.)