Article

2013-04-04 Economy

BP to Sell Entire U.S. Wind Power Business

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Posted by Fred 2013-04-04 00:00|| || Front Page|| [11124 views ] Top

#1 Just as interesting as why they are selling (because there is no money in it!) is the question of who would buy it (because there is no money in it!).

Posted by SteveS 2013-04-04 01:03|| 2013-04-04 01:03|| Front Page Top

#2 I don't know "who will buy?", but I can guess "who will pay?". The greatest scam in history (since the sales of holy relics stopped) will go on.

Posted by g(r)omgoru 2013-04-04 04:52|| 2013-04-04 04:52|| Front Page Top

#3 At the end of the day, BP managers are in the business of creating value and making money, not experimenting with money losing green energy schemes or pleasing environmental whackos and politicians. BP shares continue to trade at a deep discount to intrinsic value and host both a respectable rate of growth and a nice dividend.

Posted by Besoeker 2013-04-04 05:02|| 2013-04-04 05:02|| Front Page Top

#4 "Wind Power Business" is an oxymoron. It's pure subsidy rent-seeking, and there's no money left to subsidise it.

Posted by Bright Pebbles 2013-04-04 06:46|| 2013-04-04 06:46|| Front Page Top

#5 BP to Sell Entire U.S. Wind Power Business

...wind, because the great merchant clipper ships still plow the great oceans of trade. Oh, they don't. I wonder why? /sarc off

Posted by Procopius2k 2013-04-04 09:24|| 2013-04-04 09:24|| Front Page Top

#6 The greatest scam in history (since the sales of holy relics stopped) will go on.

G(r)omgrou, even if the relics were fake, they gave the purchaser spiritual comfort. (Interestingly enough - just like carbon credits).

Posted by GORT 2013-04-04 09:37|| 2013-04-04 09:37|| Front Page Top

#7 Nope. "Carbon credits" are indulgences.

Posted by g(r)omgoru 2013-04-04 10:46|| 2013-04-04 10:46|| Front Page Top

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