Conflict with Iran could send the price of oil soaring and push gasoline prices to $5 a gallon, according to analysts. …
bp
Is A Carbon Tax Actually Good for the Economy?
Ever since Obama made his poorly received (by pundits at least) Punish BP/Energy Independence White House address last week there has been a lot of talk that a carbon tax, especially a cap-and-trade one, could be dead. Many read the fact that the President didn’t mention it in his speech as a sign that he was caving to Republicans on …
The Facebook Boycott BP Debate
Ever since the Boycott BP movement was launched in early May (actually this guy seems to have been way ahead of his time), it has had an upward battle against this confounding argument: The gas you get at a BP station is not actually from BP. So, the argument goes, when you drive past a BP station you are not actually hurting BP at …
Why BP should thank Obama for the dividend-cut rhetoric
The political back-and-forth over whether or not BP should pay out a second-quarter dividend has been a sight to behold. Considering how the most recent two American presidents have been in a position to tell CEOs of the some of the largest U.S. finance and auto companies what to do—take this TARP money, get rid of your CEO—it feels …
Is BP headed for Bankruptcy?
How low will BP stock go? Today’s guess: All the way to zero. Already, the oil spill in the gulf has caused BP shares to drop to $30 from $60. That’s a loss in total market value of $90 billion. Earlier on this blog, I sided with the camp that thought BP might be a buy, because its stock had fallen so far and another oil company might be …
