Tag Archives: BP

Is BP the worst company in Amerca?

BP is destroying Toyota in round one of Comsumerist.com’s Worst Company in America tournament.

Wow, what a surprise. The last time I checked, the despoiler of the Gulf of Mexico was running away with the contest with more than 90 percent of the vote.

A tougher choice is the first-round matchup pitting Time Warner cable vs. Facebook. The voting is fairly even with Time Warner ahead with about 52 percent of the vote.

Are your basketball brackets in shambles? Have some fun and vote in the WCIA tourney. Voting closes March 23 for these two matchups.

Check out more on the Worst Company in America tourney here.

Vote for Worst Company in America

The 32 finalists have been announced and head-to-head battles start today to determine the winner of Consumermist.com’s annual Worst Company in America tournament.

Who will you vote for?

Many well-known companies have again made the finals. Telecom giant Comcast is back to defend its title, but plenty of worthy contenders are in the field including, Verizon, Wells Fargo, Bank of America, WalMart, Toyota, Facebook, BP, Delta and many more.

Continue reading

ProPublica/PBS report details BP’s ‘culture of neglect’

Gulf+Oil+Spill+Baby+Ani(8).jpgA new investigation by the public interest website ProPublica and PBS Frontline uncovers how “a corporate culture of neglect and carelessness” at BP lead to the biggest oil spill in U.S. history.

The company was determined to let nothing interfere with “corporate efficiency, lean budgets and shareholder profits,” according to the report.

Read the full ProPublica story here.

PBS will broadcast its story, “The Spill” tonight

Photo: A baby pelican impacted by oil from the Deepwater Horizon oil spill is seen at the Fort Jackson Wildlife Rehabilitation Center in Buras, La., Thursday, July 8, 2010. (AP Photo/Gerald Herbert):

Free switchgrass seminar at Walters State

Clean energy is all the rage these days — and it should be. For decades politicians have been blathering about breaking our dependence on oil but doing little to actually make it happen.

As the BP mess in the Gulf proves, we need viable alternatives to oil-based energy.

111809biofuel10.mc12369.jpgTo raise awareness of clean energy technologies and potential job opportunities, the Center for Workforce Education at Walters State Community College in Morristown is holding a seminar next week on switchgrass production and bioenergy.

Continue reading

More bad PR for BP — what a surprise!

The public interest journalism website ProPublica posted an interesting lineup of BP stories today. 

Highlights include a report on a photographer’s run-in with BP security in Texas while shooting pics for a ProPublica story.  BP security was more than a bit heavy handed.

And there’s this report on a vintage BP-branded board game called “Offshore Oil Strike.”

“And true to life, the game is driven by profit–first player to make $120 million wins. But watch out for those “hazard cards,” one of which states : “Blow-out! Rig damaged. Oil slick clean-up costs. Pay $1million,” ProPublica reports.

Tennessee oil biz small, but at least it’s not BP

Tengasco Inc. told shareholders on Monday that its Albers B #1 well completed in Kansas on June 1 has increased the company’s daily oil production in Kansas by 20 percent “from about 600 barrels per day to over 700 barrels per day.”

Also, the well “expands the potential size of our Trego County Albers discovery field to the east, and adds significant additional reserves to the Company’s totals,” CEO Jeffrey Bailey said in a statement.

The announcement was made at the annual shareholders meeting in Knoxville.

Unlike global oil giant BP, Tennessee oil companies are off to a good start in the first half of 2010.

In addition to Tengasco’s Kansas success, Huntsville, Tenn.-based Miller Petroleum has seen 200 percent year-over growth and recently acquired $300 million worth of assets in Alaska’s Cook Inlet. Miller expects its new Alaska assets to produce 1,100 barrels a day by the end of the year.

Tennessee’s oil companies may be tiny players in the world market, but at least they aren’t responsible for the worst environmental disaster in the history of the universe.

Things are so bad at BP, CEO Tony Hayward might even trade places with his Tennessee counterparts, even if it would mean a $4 million paycut and no more yacht racing.

Then again, probably not. He wants his life back, after all.

Jail time for BP execs?

Watched “The Informant” last night, the movie about the Archer Daniels Midland price-fixing scandal in the 1990s. Matt Damon was crazy good as the title character.

Several ADM execs ended up going to prison, including Damon’s character, and the company paid hundreds of millions of dollars in fines.

The movie made me wonder if any BP execs will end up behind bars for the oil spill fouling the Gulf of Mexico. Certainly, the company faces huge fines and who knows how much its legal fees will be. But will any BP executives go to prison?

My wife Cheryl, who used to live in Panama City, Fla., would send all of the BP execs to prison for a very long time.

 

Hey BP, start writing really big checks

So far nothing has worked, but at least BP keeps trying to cap the gushing Gulf oil well. Give the company credit for trying. Not that it has any choice.

But BP has a choice when it comes to PR and it is failing miserably. Miserably.

BP can’t win the public relations battle — people are too mad and the damage too extensive — but the company should get imaginative in its approach to the public. It should start making significant payments to every Gulf Coast company hurt, or potentially hurt, by the spill.

I’m sure there is a corporate lawyer somewhere warning BP against being too generous and …

Continue reading