It is no coincidence that on “Tony’s Tour to Rebuild BP’s Battered Reputation”, its CEO Tony Hayward will visit China next week.
BP may be getting a kicking in America, but China and Russia remain central to its plans.
BP’s embattled chief executive has already met Igor Sechin, Russia’s Deputy Prime Minister, in Moscow on Monday.

In Washington this morning the big story is political reform of the healthcare system, whereas in London it is once again good –old fashioned political sleaze.
Channel 4’s Dispatches programme working with the Sunday Times have carried out a great political sting.
They set up a fake lobbying firm and approached various ex-Labour Ministers to see what [...]

The headlines from BP’s Strategy presentation yesterday are all about how chief executive Tony Hayward  promised to boost annual profits by $3bn over the next two or three years.
In a frank admission, Hayward said that BP’s financial importance over the last few years had not been acceptable and had “some catching up to do.”

So seven years later it will come down to this weekend.  Whether President Obama can withdraw all American combat troops from Iraq by August will be decided by the Iraqi elections this weekend.
If the election passes off peacefully, American soldiers will probably go home on schedule. But if there is a repeat of the sectarian [...]

The Oil Drum is one of those great blogs that discusses energy and peak oil.
It has consistently and coherently been ahead of the curve, shall we say, when it comes to exploring the issue of peak oil and what we, as a society, should be doing about it.
But the New Year has brought an interesting [...]