Who owns BP and what is 20 billion dollars to BP?

There’s a lot of talk about BP being a British company.

Actually, the ownership and control of the company is a lot more complex.

Some facts not reported in the news:

1. 29% of BP is owned by JP Morgan and US companies own 39% of it total

2. Halliburton, one of the main contractors on the rig, is considered the party responsible for failing to cap the well properly. They moved their headquarters out of the US to Dubai recently. (???) For those of you who don’t know Halliburton is owned by Dick Cheney..

3. The former CEO from 1997 to 2009 who was ousted by a sex scandal was also Chairman of Goldman Sachs. Goldman sold a massive amount of its BP holdings in early 2010 and one of its employees bragged in an e-mail in early April that they were “shorting” the Gulf and looking forward to huge profits from an environmental disaster there.


Twenty billion dollars to the average person seems like an awful lot of money BUT if you check the stats you will see, 20 billion dollars are BP’s profits on a bad year.. that’s all (deppending on who you quote from).. That’s not much of a fine as far as they are concerned, considering the enormity of problem they have caused/responsible for on purpose or by accident…
They have been let off the hook soooo lightly, WHY?
Its all a bit fishy…like 911 except worst…


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