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OK, so why is BRITISH Petroleum allowed to drill in U.S. waters?

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trof Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-17-10 07:18 PM
Original message
OK, so why is BRITISH Petroleum allowed to drill in U.S. waters?
Edited on Mon May-17-10 07:22 PM by trof
Why aren't those reserves allocated to American oil companies?
Never mind how you feel about drilling period.
If it's gonna be done, why is it not restricted to American oil companies?
How much of the oil BRITISH Petroleum extracts stays here?
How much just goes on the international market?

This seem like a no-brainer to me.
What did I miss?
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Cali_Democrat Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-17-10 07:20 PM
Response to Original message
1. Multinational corporations really have no borders
They have thousands of employees and shareholders from all over the world.
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trof Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-17-10 07:33 PM
Response to Reply #1
10. Yeah, but 'we' whinge about 'dependence on foriegn oil'.
Shouldn't we keep our natural resources HERE?
For the benefits of OUR citizens?
Makes sense to me.
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Electric Monk Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-17-10 07:20 PM
Response to Original message
2. BP America is based in Houston, Texas
http://en.wikipedia.org/wiki/BP
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trof Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-17-10 07:28 PM
Response to Reply #2
8. Sure, they set up a dummy U.S. corporation. The home office is in England.
Edited on Mon May-17-10 07:29 PM by trof
BP plc is a British global energy company that is also the third largest global energy company and the 4th largest company in the world. As a multinational oil company ("oil major") BP is the UK's largest corporation, with its headquarters in St James's, City of Westminster, London.

This is from the wiki site you linked.

I worked for a Japanese company for 10 years who did the same thing so they wouldn't have to give us the same very liberal benefits their Japanese employees had and could fire us at will, for no cause.

See also Toyota America, Hyundai America, Mercedes America, etc., ad nauseum.
It's a scam.
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Captain Hilts Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-17-10 07:53 PM
Response to Reply #8
13. That's what I thought. Do they pay no US taxes just like Exxon?
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Swede Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-17-10 07:23 PM
Response to Original message
3. American companies have exploited the world
America has nothing to gripe about.
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davidwparker Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-17-10 07:23 PM
Response to Original message
4. ...because we're approaching a third world nation and resource stealing is
what happens in those situations.
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polichick Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-17-10 07:26 PM
Response to Original message
5. Oil is sold on the global market - the oil American companies get here...
...doesn't stay here - that's just a con the right (and Obama lately) sells to encourage Americans to support more drilling.
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Xithras Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-17-10 07:26 PM
Response to Original message
6. WTO trade policies.
We can't discriminate based on nation of origin, unless we can show that a particular country or company poses a national security threat (we could probably block an Iranian company, for example). Beyond that, any attempt to protect our assets would lead to international sanctions.

America is the property of the highest bidder, not you or I.
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flvegan Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-17-10 07:26 PM
Response to Original message
7. It's about the rights to the leases.
Same reason a British company can own land here. At least that's my understanding.
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Cal Carpenter Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-17-10 07:29 PM
Response to Original message
9. Capitalism has no bounds
Edited on Mon May-17-10 07:30 PM by Cal Carpenter
But the national boundaries sure are good at creating xenophobia, nationalism, exceptionalism so we don't notice that we're all getting fucked on behalf of obscene profits for the multinationals.

This is how the global economy works.
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Webster Green Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-17-10 07:38 PM
Response to Original message
11. Why is BP allowed to restrict access to the blowout site?
Fuck BP!

Take over the company, seize all their assets and arrest the execs.

NOAA and FEMA should be in charge of the response.

These mutherfuckers are clueless, and that includes the Obama administration. BP should never have been allowed to use dispersant, which is hiding the problem by causing the oil to clump on the seabed. This is bullshit! All kinds of fibrous materials and microorganisms are available to clean up surface oil. It would take a massive effort, but would be a lot safer than using toxic dispersant. The out of work fisherman could be paid for helping.

Obama has fucked this up big time by not responding more forcefully. This is ridiculous.
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havocmom Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-17-10 09:13 PM
Response to Reply #11
16. THAT is the big question
since when do the perps get to call the shots about the clean up and investigation?
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DURHAM D Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-17-10 07:46 PM
Response to Original message
12. Why? So they will support our wars in mideast. nt
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Paladin Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-17-10 08:08 PM
Response to Original message
14. For The Same Reason American Companies Could Drill In The North Sea. (n/t)
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happyslug Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-17-10 09:10 PM
Response to Original message
15. Because it is also Standard of Ohio (Sohio)? AND Standard of Indiana (Amoco)
When Standard oil was broken up, two of the baby standards were Standard of Ohio and Standard if Indiana, both now part of BP. BP took over Standard of Ohio (Sohio and Boron) in 1987, Standard of Indiana (later Amoco) in 1998:
http://en.wikipedia.org/wiki/Standard_Oil#Legacy_and_criticism_of_breakup
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FarCenter Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-17-10 09:25 PM
Response to Reply #15
19. They also acquired Atlantic Richfield (ARCo)
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RB TexLa Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-17-10 09:16 PM
Response to Original message
17. The world is one market. This trend toward nationalism is sick.
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Canuckistanian Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-17-10 09:21 PM
Response to Original message
18. You make it sound like Great Britain actually OWNS BP
It doesn't. BP shares are owned by people around the world. Probably mostly by American interests.

The fact that their headquarters are in England means NOTHING.

They dance to the tune of MONEY. And they DON'T give a shit what currency it's in.

Get it out of your head that Exxon or Conoco Phillips or Chevron has your BEST AMERICAN INTERESTS at heart when they make deals.

They don't. They would sell you out to the Iranians in a heartbeat.
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muriel_volestrangler Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-18-10 04:27 AM
Response to Reply #18
20. 40% UK owners, 39% US owners
http://www.bp.com/extendedsectiongenericarticle.do?categoryId=9010453&contentId=7019612

As pointed out above, BP is an amalgam of British and American oil companies.
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