That's not going to prevent me from buying some of their stock. BP's performance is the best of all the major IOC's.
uugghh. Try Halliburton. Oh, sorry, too late. What's the dividend on BP?

I always knew you were cool, Dave. No matter what the rhetoric, you know where the money's at.

:-) No worries, evil often mean profitable.
well what do you expect for a system that promotes such trait's.
Why own a resource extraction company that has no hope of replacing it's production.   Oil is increasingly the property of the country in which it is found, a paradigm shift of catastrophic proportions to the E&P world, particularly the majors.   Soon they will be reduced to doing contract extraction work, not the past model of exploring and producing for their own account, minus a "royalty".  Even the Canadians are now getting very nationalistic about oil - note today's story about Newfoundland refusing to let XOM and another major (Shell, I think) roll over them and threatening to cancel existing contracts.   Sounded like Venezuela.  And this from our northern neighbor.   I can't imagine wanting to own a major oil company when there are so many more attractive ways to play the future of oil.   By the time oil is over $150, the majors won't have any left to sell.
I agree. Many oil stocks ("growth" investments) will need to be re-priced -- i.e. as bond-like investments ("return on/of capital" investments). Energy production trusts are already priced this way and may be a better "investment" on that basis.