Poor little lambs. Selling off oil fields to pay for trashing the Gulf of Mexico cost them a few percentage points that otherwise would have gone into the pockets of a few people. How tragic.
BP's profits for the second quarter of 2011 disappointed Tuesday after cuts in production stemming from last year's Deepwater Horizon accident.
Profits of $5.6 billion for the second quarter of 2011 were up by 13 percent over the same period last year. The jump happened amid record oil prices, however.
Oil and gas production in the second quarter were down 11 percent from the same time in 2010, to 3.43 million barrels of oil equivalent per day.
