into the third largest oil company in the world in response to negative press on b.p.'s poor safety standards brown reprinted the company with an eco friendly logo and renamed the company beyond petroleum he also initiated rapid expansion and drove record profits one of the ways he did this was by ruthlessly cutting costs. back. on march twenty third two thousand and five fifteen people died in an explosion at b.p.'s texas city refinery one hundred seventy more were injured to save money major upgrades to the one nine hundred thirty four refinery had been postponed. brown pledged to prevent another catastrophe three months later b.p.'s giant new production platform in the gulf of mexico. nearly sank because of a workman's error and then in march two thousand and six a hole in b.p.'s probe a pipeline caused over a quarter of a million gallon oil leak. the worst spill ever on alaska's north slope b.p.'s cost cutting and poor maintenance of the pipelines was responsible. in may two thousand and seven after committing perjury regarding his involvement in the sex scandal bro

sitting on an emotional boil and they decided they would take and they formed the anglo persian oil company and made a deal with the iranian monarchy. they guaranteed itself all iran's oil. shortly after that the british government bought fifty one percent of the company and of the suggestion of winston churchill the british navy switched from coal to oil the warships the projected british trower all of the world were now run one hundred percent wrong. and that in one nine hundred fifty two. decided to take their oil back to. the democratically elected government of prime minister mohammad most an act nationalize the anglo iranian oil company. he banished all the british diplomats and along with them the secret agents who were plotting his overthrow so prime minister churchill asked president eisenhower to overthrow most and act on their behalf the cia and the british helped stage the coup that ended the last democratic government in iran ever new. after most of that was overthrown he was sentenced to three years in the president and house arrest for life. after the cia deposed most of the

bp becomes the first oil company to be added to the list. opec predicts by next year the world will need less of its crude oil. in its first forecast for 2014, the 12-member group forecasts demand for crude will slip by 300,000 barrels per day as fracking and other drilling techiques uncover oil from shale. executives at british drug maker glaxo smith kline have confessed to a massive corruption scandal. executives admitted to bribing doctors, hospitals and government officials in order to boost drug sales in china. a spokesperson for the company says it is cooperating with the

into the third largest oil company in the world in response to negative press on b.p.'s poor safety standards brown replanted the company with an eco friendly logo and renamed the company beyond petroleum he also initiated rapid expansion and drove record profits one of the ways he did this was by ruthlessly cutting costs. was much. higher on march twenty third two thousand and five fifteen people died in the explosion at b.p.'s texas city refinery one hundred seventy more were injured to save money major upgrades to the one nine hundred thirty four refinery had been postponed. brown pledged to prevent another catastrophe three months later b.p.'s giant new production platform in the gulf of mexico. nearly sank because of a workman's error and then in march two thousand and six a hole in b.p.'s probe a pipeline caused over a quarter of a million gallon oil leak. the worst spill ever on alaska's north slope b.p.'s cost cutting and poor maintenance of the pipelines was responsible. in may two thousand and seven after committing perjury regarding his involvement in the sex

we passed by bonnie island where multinational oil companies like shell. and agile tap into the thirty six billion barrels of oil beneath our feet. and i find myself in a jock or a tiny fishing village that is frequently visited by the. militants from a nearby camp. i said. i think it's deserved. the government we have then i do in the end not to god not to him. not to know about. and i joke. or. do you think they're no longer here. but not my bag go off. the strong voice. why can't they find somewhere else to stay. far away. what are they doing. it looks like they carry some people in this big bed. they then. doesn't it. is the cargo hold michael see it will be bad for them if they run out of bullets. a world we live in is this an urban life or rural life. and you and i. are they dragging the other speedboat along they're using their guns to signal a child. even in the midst of the conflict so ordinary life takes its course and it's twenty three year old named mom goes into labor force. for. them ok mommy has come. i mean and that's when you're done eating

and forcing oil companies to squander their energies. oil excutives do have a point.rich, you just came from california and they do it more than most states. >> it is how to distract our attention from the real issues. i don't mind ifyou want to look at it as a solution. many things could bring down the price of gas. it is july and august. two peak times of year for driving. prices go up every year this time and to add to it, you have had problems in the refiners. >> people are suffering out there, stove. >> even al goal can't defend ethynol. and it adds to expense and maintenance. and get rid of them. big thing on gasoline taking out the lead. the rest of the stuff is a waste of money. nmike, we have opinion arguing about it for years. here at forbes talking about what a waste of money the biofouls are. maybe it is a perfect political moment. david, it destroysarburetor and adds to cost. what i am more irate. it forces poor people to starve. it goes to the biofuels and it causes food prices up. that is most destructive. >> bill, what do you think? >> ethynol deletes

, chinese oil companies in the local provinces. will send you to his book. it is terrific. >> i am going to take one from laura on facebook. could you please address the national security implications of a north american energy community? the opportunities and obstacles to create energy cooperation with mexico. >>i do not know a lot about it. the reason is i have gotten less and less convinced that location of energy generation matters much. i think the major effort ought to go into local generation and storage. and for oil, the effort ought to be -- it does not do a great deal for us if we buy mexican oil rather than saudi. somebody else will just buy more saudi oil becausethis is all kind of one pot. there are some nuances to that. the refineries and different types of crude would sulphur content. as a general proposition, it really does not matter that much where the oil comes from. the key thing i think is getting something into the tanks and the filling stations in a year or two rather than five, 10, 15 years, that can compete

you said the last three years has been -- there's been basically two companies, the oil company that'soing incredibly well and there's this other litigation company. three years from now, will we only be talking about the oil company? >> i think we'll be talking about the oil company, which is already getting momentum. the company is simpler. we've invested $40 billion of assets. we'll have investments in the u.s. i think this is clearly what people will be talking about. and there will be this activity that goes on, probably for a long time off to the side. >> all right. fair enough. that's bob dudley, ceo of bp being pretty candid about what is the legal part of bp and what is the growth oil part of bp. "mad money" is back. >>> we in the united states are competing with the best companies in the world. >> look at the global competitiveness of american companies by any measure. >> my life story can be your life story. you can start with nothing in america and create the american dream. every day we're working to be an even better company - and to keep our commitments. and we've made a

i settled on natomas, an oil company, a gusher in indonesia. i almost doubled my money.nother lesson learned. play takeovers, buy companies that would do well on their own as it was, but still undermanaged which has been the consensus i found by reading articles about the oil enterprise. that meant another oil company with bigger scale could do more with it which was cheaper than it should be if it got rid of the management. as much as i hit some winners, i was distraught i had given up the ghost in the first few trade. at time i had been hanging around the track on weekends, mostly aqua duck, nearby. i learned how to handicap reading books of andy buyer, picking wishes. my first $50,000 season me may be the second best books. teach discipline, how to identify the best thoroughbreds to bet on, the best long shots, going to out of the way tracks information less well known and not betting willy-nilly on each horse. find out which pay-offs and more surer. cut your losses if you're having a bad run. every one of the lessons applied to the stock market. you can tack a huge s

i am confident it will be done safely. >> another oil company in france has looked at the arctic and said the risks are too big, it still would do too much damage. >> the arctic is going to be developed. who do we want in the lead? do want a country like russia, who doesn't have the same type of environmental standards, to be the first to develop arctic oil? or do you want it to be the united states? >> the arctic is warming faster than any other region on earth. that in turn may encourage more resources exportation in alaska, more carbon emissions, adding to the warming trend. scientists call that a positive feedback effect. for alaskans, on the climate change frontline, and for the planet, it may not be positive at all. >> they are trying to hold back the tide on global warming. now to remarkable film showing the lives of french pows in world war ii. what is remarkable is that it was taken by the prisoners themselves. 1940, the bleak surroundings , a prison camp holding 5000 french officers. this is the first documentary shot in secret by the prisoners themselves. risking death, th

they're worried china's state-run oil companies could siphon off gas from the sea bed under waters claimed by japan. the top government spokesperson in tokyo says any such plans are unacceptable. >> translator: we cannot accept any union lateral action by china to develop gas fields in waters where territories claimed by the two countries overlap. >> reuters news agency says china's state-run oil companies plan to develop seven new gas fields in the east china sea. two sites are near the line japanese leaders say bisects the east china sea halfway between china and japan. chinese leaders claim their economic exclusive zone extends farther to the tip of their country's continental shelf. japan's chief cabinet secretary says japanese and chinese officials have yet to agree where boundaries lie, but he says they've agreed to work together to make the east china sea a region of peace, cooperation and friendship. he says he'll keep on presenting japan's position to the chinese. the japanese government plans to appoint a career japan coast guard officer to head the agency. the guard is taking on

sitting on an emotional boil and they decided they would take and they formed the anglo persian oil company and made a corrupt deal with the iranian monarchy. they guaranteed itself all iran's oil. shortly after that the british government bought fifty one percent of the company and of the suggestion of winston churchill the british navy switched from coal to oil. the warships the projected british power all of the world were now running one hundred percent oil wrong. and that in one thousand fifteen to zero ronnie ans decided to take their oil. the democratically elected government of prime minister mohammad most attack nationalize the anglo iranian oil company. he banished all the british diplomats and along with them the secret agents who are plot.

oil consumer in the world as the u.s. department of defense and gas which company is the pentagon's single largest supplier of fuel to b.p. is the single largest oil contributor to the pentagon the us war machine is heavily reliant upon b.p. and their oil. during the last ten years b.p. has been the single largest energy contractor to the various branches of the u.s. military receiving over seventeen billion dollars in direct contracts for jet and diesel fuel oil is true and b.p. in particular is crucial to the military intelligence and diplomatic complex. on june sixteenth two thousand and ten obama called the meeting at the white house with b.p.'s c.e.o. . tony hayward its managing director bob dudley and its chairman of the board carl hendricks bamberg the u.s. government took no action against b.p. or its executives instead it agreed that b.p. would simply create the claims fine for victims of the oil spill the people of the goals have my commitment that b.p. will meet its obligations to them. as publicly pledged to make good on the claims that opposed to the people in the gulf. large oil companies are greedy companie

bp becomes the first oil company to be added to the list. opec predicts by next year the world will need less of its crude oil. in its first forecast for 2014, the 12-member group forecasts demand for crude will slip by 300,000 barrels per day as fracking and other drilling techiques uncover oil from shale. executives at british drug maker glaxo smith kline have confessed to a massive corruption scandal. executives admitted to bribing doctors, hospitals and government officials in order to boost drug sales in china. a spokesperson for the company says it is cooperating with the investigation. as the investigation continues into the crash landing of asiana flight 214, new questions are being raised about the plane's seatbelts. doctors treating victims of the crash say many injuries are related to the lap-only-style seat belts. the national transportation safety board will investigate whether a different seat belt could have prevented those injuries. the crash of flight 214 is having a ripple effect on air travel this week. flyers across the n

large oil companies are greedy companies or don't. think lazy week. four days after his meeting with president obama tony hayward was enjoying a yacht race in england. instead of being fired in the wake of the gulf oil spill hayward was sent to run b.p.'s operations in russia and it was back to business as usual you can throw out tony hayward and just another one out of their frankenstein machine with a different hairdo and a different name they all operate they say you got to get the oil out the cheapest way is the filthiest most dangerous way in the most corrupt way. that's what makes these guys rich. by january of two thousand and eleven the obama administration announced it would start issuing permits for new drilling operations in the gulf of mexico why you may wonder big oil is paying the federal government or percentage of walty that comes out of each barrel that comes out of the ground it's enormous amount of money. behind the i.r.s. the collection of offshore oil field revenues and royalties is the second largest generator of money. united sta

coalties, oil companies, companies. the big polluters did not want anything to be done. >> did obama get it done? >> he has given enough time. it is to accomplish what he wants to accomplish. he's asking them to negotiate with the industry. with the states because the states have to enforce the clean air act. they left time open for litigation. i think litigation will not succeed. i think they will figure out that this will be the law of the land. will squeal and yell about it. acknowledgewant to the real worlds. they thing nothing is happening. i want to jump in. has not the economy derived since 2000. many arguments are on job creation. are you confident that the plan , evenmoves forward bernanke expressed concern about the job market. are you concerned about jobs as we move forward? >> of course i'm concerned about jobs. the president has posed a jobs bill the number of times. 1970, wethe clear of have seen germanic cuts in air pollution. i was in congress in 1990 the net lashed -- the last time we revise the clean a

oil companies no longer own their own service stations. the number of oil refineries in the country also declined though total refining capacity is up, making our nation more dependent on a smaller numb by of larger, more complex refineries. an outage at one of these refineries whether planned or accidental is now a major factor in the price at the pump. last october a minor electric power outage in a major refinery in california raised wholesale gasoline prices over 80 cents a gallon in martie of hours. in the upper midwest last month the prices shot up almost, again a substantial amount in a week as a result of refinery outages. i want to thank senator franken for highlighting this issue and his work with me for the ability to track refinery outages and reduce impacts on prices to consumers. i want to highlight again, this has been a bipartisan concern. senator hoeven is a cosponsor of legislation that involves both senator klobuchar and senator franken look at reporting in this area. senator donnelly has done very good work on it. they'

they could hit oil with with a straw down there. the company grew oil production at a 33% clip.nother growth stock, and eog has the ability to grow production faster now that they can get a better price for oil. they used to sell a $10 discount to the west texas intermediate but lately the pricing caught up with wti. pioneer natural resources is the best permain play. 600,000 acres with with access to plenty of pipeline and rail. here's one resource, cxo. some have been worrying that it isn't that good but if they deliver good quarter on august 7th that will put those concerns to rest. the death of the wti/brent differential means you need to sell the landlocked refineries benefitting from the spread. hollyfrontier, marathon, no thank you. last but not least, i hope you're sitting down. it's a big change for me. i think the oil tanker business, at last, could be on the verge of a renaissance, and the way to play it is, drum roll please, and not this -- nordic american tankers, nat. with the collapse of the spread, refineries on the east coast are going to import more oil because

this was paid for by the chinese oil company that pays for these things in repressive regimes becausesive in and of itself. she vetted this thing. how could you vet this and not know this thug is one of the great torturers of the world. >> i don't know how you tie it to china. >> they paid for it. >> it is not even china. >> china oil companies. >> turkmenistan probably does have a lot of chinese influence. >> okay. let get it back on the track. bolling? >> good idea. >> i think there's no way she didn't understand what she was doing. she went there to put down 1 million or 2 million bucks. whatever they paid her. >> i bet it is a lot more than that. >> when she apologized, her staff said -- >> is there really turkmenistan and is this guy really a dictator? >> yeah! you don't know where turkmenistan is? >> i am going to say there is no dictator and turkmenistan. >> her spokesperson said had there been knowledge of human rights issues of any kind, jennifer would not have attended, which means jennifer is definitely overpaying her staff, because if you just do google, put in his name, w

if foreign multi-national oil companies and national oil companies were drilling all over our backyard that people were complaining about this, complaining there was a movement spreading all throughout the united states, why was no one stepping forward to protect americans in the face of these human rights violations that the companies were putting on them in their backyards. why was nobody stepping forward to protect americans. i wanted to find out what exactly was the interaction between the government and the natural gas industry. what we found out was that at every stage of the process from the local to the state, ultimately to the federal, the regulatory agencies have been co-opted and taken away from the people by the natural gas industry. to the point to which it feels like americans don't have democracy in play with respect to oil and gas development. >> you know, sam, when you talk about environmental -- when you talk about regulatory infrastructure at all, it is almost like a four-letter word in the current political debate. regulation -- bad! it is really interesting one of

until recently there were fears the global supplies were running out, but oil companies have been allowed to find huge new deposits in the united states. tosent our science editor the oil fields of california. the rhythm of pumps polling oil from the ground, the beating heart of every modern economy. california, but not as most know it. swept bareround is and an entire landscape stretches for miles, even over the extraction of oil to the rocks below. it keeps producing. >> it is an incredible sight. this field has been producing for more than one century and whenever anyone thinks about it running dry, someone comes along and find more oil or comes up with a new way of getting at it. the result, there is more oil than previously thought. >> the owner of one of the oil fields here takes me to one of his sites. >> it has been pumping like this for 100 years. >> this is big oil country and fred has the stuff in his blood. his father and grandfather worked in the wells. he says that there is still a lot of oil. >> in this country? for another 100 years with present technology, natural gas. ar

large oil companies are greedy companies or don't. think lazy week. four days after his meeting with president obama tony hayward was enjoying a yacht race in england. instead of being fired in the wake of the gulf oil spill hayward was sent to run b.p.'s operations in russia and it's back to business as usual you can throw out tony hayward and just another one out of their frankenstein machine with a different hairdo and a different name they all operate the same he got to get the oil out the cheapest way is the filthiest dangerous way in the most corrupt way. that's what makes these guys rich. by january of two thousand and eleven the obama administration announced it would start issuing permits for new drilling operations in the gulf of mexico why you may wonder big oil is paying the federal government or percentage that comes out of each barrel that comes out of the ground it's an enormous amount of money. behind the i.r.s. the collection of offshore oil field revenues and royalties is the second largest generator of money for the united states gov

the greedy oil companies are driving up prices.ays hey, look the oil companies got less greedy the price came down.rk it doesn't work like that.ike greed doesn't explain. >>. [ applause ] >> all right. one solution some people say top government playing with the currency is a gold standard. we had one for a while.re didn't really work. >> it would be a great thing.>> the t problem with the gold tender -- >> before you answer this, for this libertarian audience, how y many of you own gold either actual gold or investment? just about everybody. i imagine you watching out there, it's not so high. you're different. why? because you don't trust those federal reserve notes? [ applause ] >> take it away. >> no. gold, really great gold tender wouldn't have the government involved. >> gold has fallen from 1600 ton 1300. some of you people lost a lot oe money. maybe this is bad advice. >> well, gold investment and the gold standard are two separate things. always a speculation what you're buying into.tion. just because -- you're not sn't nec

oil consumer in the world as the u.s. department of defense and guess which company is the pentagon single largest supplier of fuel to b.p. is the single largest oil contributor to the pentagon the us war machine is heavily reliant upon b.p. and their oil. during the last ten years b.p. has been the single largest energy contractor to the various branches of the u.s. military receiving over seventeen billion dollars in direct contracts for jet and diesel fuel oil is true and b.p. in particular is crucial to the military intelligence and diplomatic complex. on june sixteenth two thousand and ten obama called the meeting at the white house with b.p.'s c.e.o. tony hayward it's managing director bob dudley and its chairman of the board carl hendricks bamberg the u.s. government took no action against b.p. or its executives instead it agreed that b.p. would simply create the claims fine for victims of the oil spill the people of the goals have my commitment that b.p. will meet its obligations to the. b.p. as publicly pledged to make good on the claims that it always. to the people in the gulf i hear coleman sometimes love larg

this man that was briefly the richest man in russia and ran the most successful private oil company in russia at the time of his arrest. and 2003, this man had been in jail october 201 he would have been in jail for jail ten years. this is a match with his nemesis. vladimir putin. of course one of the big questions is when will he get out? no one knows. but the other question is what did he do? there has been a great deal of coverage him. and i znot want to add to that whole literature. what i have tried to do is go into his company. have i had interviews with a number of the players in that company to try to find out what is was unique about that company. that he built. what was unique about his enable of double oil production within four short years. you who is that done. you time the chapter on the side of the story the. then lastly. i would have to say that this is a tree of story of guilty love. i will come back to if you ask me.

a surpirse pick to lead shell oil: europe's largest oil company has picked refining boss ben van beurden as its new ceo. van beurden joined shell in 1983 and will take over the top spot in the new year. he will need to help the company grapple with capital expenditures as it attempts to reach 4 million gallons of production a day in 2017, up from its current level of 3.6 million daily gallons. the ceo of blackberry is asking investors to be patient. at a shareholder meeting yesterday, thorston heins reported the company is still in the early stages of its transformation. blackberry posted disappointing first-quarter earnings and has lost some 4 million subscribers. tech analyst rob enderle says a true turn-around takes 5 to 7 years. "well, it's whether the market will give him the 5 to 7 years. it's often not the case. that's why we have so very few successful turnarounds. it's often the financial investors won't give the ceo the time to execute the turnaround, but the way he fired up the base today would indicate that he's got more time" heins told shareholders that blackberry is in the

state-owned oil company tpp chemical detected the leak when a ship offshore was being transferred to the pipeline on saturday. an official says about 300 workers were hurrying to remove the oil. navy vessels have joined the cleanup operation. they say that oil spill management experts have arrived from singapore. about 5,000 liters still need to be cleared. in 2009, a ptt affiliate company was involved in australia's worst off shore drilling accident spilling thousands of gallons of crude oil into the timor sea. >>> 130 people in taiwan have reported skin problems after using skin whitening products made by japan's kanebo cosmetics. kanebo has been recalling its skin whitener since early this month. the complaints came from commerce who said they developed white blotches after using the firm's products. a sales agent reports that customers are now receiving medical treatment. the agent says it has recalled about 60,000 of the products but several tens of thousands haven't yet been returned. it's calling on customers to stop using the products. >> translator: consumers in taiwan have b