A Short History of BP
Counterpunch / M. KAMIAR
18-Jun-2010

British Petroleum is the UK’s largest corporation. It is among the largest private-sector energy corporations in the world. It is a vertically integrated cartel that operates oil and natural-gas exploration, marketing, and distribution all over the globe.

BP, however, goes beyond petroleum, indeed, beyond business. The mess we have today in the Gulf of Mexico is not the first time BP has committed crimes against the environment and against people. This is a proverbial drop in the bucket for BP. This outfit has been cheating humanity since its inception.

Many people do not know that BP was born, named after, and committed many crimes against the people of Iran. For nearly 80 years, it seized the wealth of that nation, interfered in its politics, and destroyed its future.

The history of crude-oil exploration and production in the Middle East began with William Knox D’Arcy (1849-1917), a British subject living in Australia who became very rich very quickly—twice. D’Arcy, a lawyer, invested in gold mines in Rockhampton, Queensland. After becoming a millionaire by the end of 19th century, he and his family returned to England.

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