BP's Outlandish Profits Have Inflicted Serious Damage on Consumers and Whole Economies, Says Watchdog
October 28, 2008
October 28, 2008
SANTA MONICA, Calif., Oct. 28 -- Consumer Watchdog issued the following news release:
BP, only number four of the five major oil companies, rode the wave of the crude oil price spike to a staggering profit jump in the third quarter of 2008. It is a stark reminder of the damage inflicted by energy costs on a world economy that was heading into recession, said Consumer Watchdog.
BP's stated net profit of $8.04 billion was up 83% from the previous year and its &qu . . .
BP, only number four of the five major oil companies, rode the wave of the crude oil price spike to a staggering profit jump in the third quarter of 2008. It is a stark reminder of the damage inflicted by energy costs on a world economy that was heading into recession, said Consumer Watchdog.
BP's stated net profit of $8.04 billion was up 83% from the previous year and its &qu . . .