Speaking about our largest oil company Rosneft, and I recalled in the beginning that almost 20 percent of it [19.7] belongs to BP. Who's company is that? British Petroleum, isn't it? I suppose that is not bad. I have to tell that British Petroleum's capitalization is significantly related to the fact that it owns more than 19 percent of Rosneft, which has vast oil reserves both in Russia and abroad. This has its impact on the company's stability as well.
We may have more control, but my point is that, strictly speaking, Rosneft is not a state company. I think that this is an obvious fact, as a foreign investor has a 19.7 percent stake in it.
However, given the fact that the State has a controlling stake in the company [Rosneft], it might not be the best course of action when one company under State control buys another one fully owned by the State. This is one point.
A congressman actually apologized to BP's CEO for the way the company has been treated. How stupid are you when the CEO of BP is in the room and people think you're the moron?
BP wants Twitter to shut down a fake BP account that is mocking the oil company. In response, Twitter wants BP to shut down the oil leak that's ruining the ocean.
The BP spill was the greatest environmental catastrophe in U.S. history. Yet somehow, gas companies like BP and Halliburton ran interference on reporting that story.
Of course there are many factors that led to the Iranian revolution, but back in 1951, the Anglo-Iranian Oil Company - which would later become BP - and its principal owner, the British government, conspired to destroy democracy and install a western-controlled regime in Iran.
Rosneft, for instance, was mainly built upon capital stolen from [jailed oligarch Mikhail] Khodorkovsky's company, but the IPO was successful with many Western corporations investing in it. This means that it is extremely difficult to detect these assets in their pure form.
The initials BP used to stand for British Petroleum, but like Kentucky Fried Chicken, they changed their name to improve their image. Apparently, 'Petroleum,' like the word 'Fried,' connoted a company too oily for American tastes.
So, I'm not impressed by BP's promises and I'm not ready to take the word of a company with a track record of pursuing profit over safety.
BP is accused of destroying the wildlife and coastline of America, but if you look back into history, you find that BP did something even worse to America. They gave the world Ayatollah Khomeini.
When BP was not moving fast enough on claims, we told BP to set aside $20 billion in a fund - managed by an independent third party - to help all those whose lives have been turned upside down by the spill.
The BP president said yesterday that the company would survive. That's like someone running over your dog and saying, 'Don't worry, my car is fine.'
The president met with BP CEO Tony Hayward, and Obama was demanding that BP clean up the Gulf. And I'm thinking, good luck. They can't even clean up their gas station restrooms.
Well, you know, I - again, even in the context of BP, I wonder about this government's priorities. The federal government's top priority right now should be the cleanup. And BP certainly has done so many things wrong. They need to be held to account.
We all remember the BP oil disaster in the Gulf of Mexico, the worst oil spill in U.S. history. What is less well known is that BP is claiming a 9.9 billion tax deduction on the money they had to spend cleaning up their own mess and paying for damages they caused. That is absurd.