If I owned any stock in BP I’d be selling it this morning. I just listened to their CEO on CNBC talking about reducing their production 40% over the next ten years and bragging about a reduced E&P budget. I understand they are trying to move to renewables but I’m just not sure how profitable or even workable that will be for them. I’m sure a lot of folks are slapping him on the back and congratulating him for his vision but I’m skeptical as to how successful it will be from a business standpoint.