BP has its own navy, a small air force, and enough money to build floating cities on the sea, most of which are still upright. If there’s oil on the moon, BP will be the first to send a hose into space and suck on the moon until it’s the size of a grapefruit. As an investor, that’s the side I want to be on, with BP, not the loser moon.
Since April 20, when the Deepwater Horizon oil rig exploded, the Interior Department has approved 27 new permits for offshore drilling sites. Here’s the kicker: Two of these permits are for BP. But it gets better still: 26 of the 27 new drilling sites have been granted regulatory exemptions, including those issued to BP.
“A detailed computer modeling study released today indicates that oil from the massive spill in the Gulf of Mexico might soon extend along thousands of miles of the Atlantic coast and open ocean as early as this summer.”
"A satellite image taken on April 26, 2010, shows an airplane (upper left) flying over part of the oil slick resulting from the explosion of the Transocean Deepwater Horizon oil rig, in the Gulf of Mexico."
This dependence on foreign sources of oil is of great concern to all of us. In the year 2000, this solar water heater behind me, which is being dedicated today, will still be here supplying cheap, efficient energy.