It’s a great time to buy BP stock! Not because I believe in the company. Not because the company made a profit of $16.9 BILLION last year. Not because of the charming CEO, Tony Heyward earned $6 million last year (despite profits dropping 45%). But because I believe in the disgracefully myopic American public. Pitifully, Americans know how to forget best.
Remember the Exxon Valdez Oil Spill? There were rallies, protests, cries of consumer boycotts, demands for the company to give all it’s profits to the clean-up and fire the CEO Lawrence Rawl. Sound familiar? So what happened to Exxon? “Last year’s results followed a record-breaking 2008, when Exxon recorded the highest profit ever for a U.S. company + $45.2 billion. Still, Exxon will remain the highest-earning company in the S&P 500 index, a rank it’s held since 2000.” The New York Daily News, Feb. 2nd, 2010 Nice job America. And we wonder why there is another oil crisis.
Americans are too naive, too self-centered, and have no reason to change their ways. The only way Americans change their luxurious habits (we all live in luxury in comparison to a majority of the world) is when we are inconvenienced. Remember when gas was $4.00 a gallon? That is when Americans started to think (not act), but think differently. “Green” meant more than a cool term to slap on everything. It actually started to have some relevance to the general public. Americans need to be inconvenienced again. The government needs to tax gas $2.00 per gallon, raising the price to $5.00 per gallon and give ALL proceeds to our schools. Man, I’m a genius! 😉
I’m thoroughly appalled by the apocalyptic crisis caused by BP in the Gulf, but sadly I’m more appalled at Americans lack of action to truly change. I’m confident that BP will survive or be bought out by another oil company, in a few years the American public will forget about this disaster, the BP-New Oil Company will continue to be profitable, and in 10 years a bigger crisis will be the ultimate result. Hopefully, we will make it that long as the ever-increasing world population will eventually consume all the earth’s resources…especially if we keep destroying our natural resources.
If you believe in America, go buy BP stock.