BP a buy??

[Vanraw]

Haven't you seen the reports on the number of BP violations compared to other oil companies?
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I agree with you here. But..... I am also confident that the current 6 Billion price tag (which will probably double with fines and loss compensation) will force revamping of their policies. If there is one good thing that came out of the press coverage, its the fact that BP will have a microscope on them now.

Gas stations are independently owned. By boycotting BP gas stations, you are just boycotting the poor schmuck who had the bad luck of picking BP as his gasoline provider whenever he did. Sure he can switch over to another company, but that costs a lot of money too. And these are mostly small business owners who are actually supplying jobs to Americans.

This is the thing that people don't realize (I didnt either in the beginning). Not only is the BP station a franchise. It is not an exclusive right to BP gas. Meaning that many many of the gas stations out there that do not carry the BP flag, buy their gas from BP.

People dont know what energy company they are pumping into their cars. The only way your can probably guarantee your not buying BP gas is to buy Exxon. Talk about 2 black sheep.....

You guys are making me wish I had about 30k worth of BP LEAPs right about now.

yea, that's kinda my point too. The stock market being the emotional gauge that it is.... My take is even at 12 billion, this is a nit to their profit bottom line.