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  1. Jackal,

    I’ve reacted generally to our overuse and overdependecne on oil aother non-renewable sources and the resulting harmful envronmental effects by looking for many ways to reduce my carbon footprint — extensive weatherproofing at home, keeping tires fully inflated on my car, biking and mass-transiting more and driving less, joining a CSA (greatly reduces carbon footprint of food growth and transportation), and other measures.

    I have reacted to the BP spill by avoiding BP stations because, imho, the spill was utterly preventable and the result of both BP’s calculated gamble on less costly but riskier construction and safeguards and a lax regulatory environment that permitted it. Yes, if we all stopped using oil tomorrow, we wouldn’t need to drill, but pressure on BP makes sense if it might either obtain more responsiveness here or nudge BP and others along in rethinking the CBA in constructing the next one.

  2. “Well, BP still has a market cap of $118 BILLION and, at this price, is yielding 8.96%.”

    Yeah dibs but I wouldn’t bet on that dividend yield much longer. Not only will they need the bux, the uninformed electorate will start screaming about dividends being paid to ‘fat cat Wall Street bankers and their New York millionaire friends’.

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