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Oil industry insider talks about BP corruption and greed
In an exclusive interview, Ken Price, a 14 year oil industry veteran, talked about his experience in the industry and his contempt for the failure of BP to cap the Deepwater Horizon spill and the environmental ramifications. DJW: What back ground and experience do you have in the oil industry? KP: I started out with a major oil company right after I earned my BS degree in Mechanical Engineering from Berkeley, Ca. and worked in the commercial marketing and engineering division for fourteen years. I spent a great deal of time around large stationary engines used in power generation and manufacturing. DJW: Have you witnessed corruption first hand in the oil industry? KP: One time, on a visit to New York, my group got to tour the main office (of oil corporation)and meet some of the higher ups, and it was during this visit that I heard them boast about the actual number and occurrences of oil shortage predictions in the United States. My memory went back to about 1972, the now infamous Arab Oil Embargo. Their memories went back to the early 1900's, with additional ones occurring about every ten years. They freely admitted that it was through the public illusion "of a finite amount of oil being present on the planet", like only a certain number of diamonds in South Africa that they could convince the public to pay a decent profit for it. Otherwise, it would be like charging for water. Today, I believe we should get on with much more efficient and non polluting resources like crystal hydrogen, hydrogen from water, and a host of others, electric cars for example we could produce in weeks, that are by today's standards a thousand times better than petroleum.
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