An Iowan's View of British Petroleum


Amoco (originally Standard Oil of Indiana) was one of the companies formed when John D. Rockefeller's Standard Oil Trust was broken up by federal regulators in 1911 for violating the Sherman Antitrust Act. In the 1990s, Amoco had a world view that enabled them to operate anywhere oil and consumers of oil were located. It was a political exigency for them to comply with local laws and respect local cultures where they operated. This is not to say that Amoco always wore the white hats, but to describe their global footprint and corporate outlook. Amoco was the 9th largest United States corporation at the time and in many ways they operated like they were their own country.
While I gained a perspective of
multinational corporations at Amoco Oil Company, working there for a career was not for me.
By 1998, the companies broken up in 1911 started to get back together and Amoco merged with British Petroleum, becoming BP Amoco and eventually BP, with the tag line “beyond petroleum.” Through its recent history, this led us to the explosion at BP's Deepwater Horizon drilling rig in the Gulf of Mexico. The history of John D. Rockefeller,
StandardOil of Indiana and British Petroleum is worth reading and I encourage you to click on these links and do so.
Thomas Friedman of the New York Times assessed the meaning of the BP Oil Spill in his column on May 4:
“There is only one meaningful response to the horrific oil spill in the Gulf of Mexico and that is for America to stop messing around when it comes to designing its energy and environmental future. The only meaningful response to this man-made disaster is a man-made energy bill that would finally put in place an American clean-energy infrastructure that would set our country on a real, long-term path to ending our addiction to oil…” To continue reading the article, click here.
If BP acts as its own country, and lures employees and governments with its money and power, how much does what the United States Government enacts for legislation really matter to the large, multinational corporation. The author submits it is not that much.
~PaulDeaton is a native Iowan living in rural Johnson County and weekend
editor of Blog for Iowa. He is also a member of Iowa Physicians for
Social Responsibility and Veterans for Peace. With the advent of spring
he is also planting and blogging about his garden which you can check
out here. E-mail Paul
Deaton
After giving Standard Oil of Indiana, later Amoco, 20 years of my life, this Oklahoman has the same views expressed by Mr. Deaton.
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