“California Dreamin”… Sun, Fun, and Oil

California Dreamin a 1960’s anthem by The Mamas & The Papas depicted the longing of a generation for the climate and culture of California living.   Wikipedia defines the California Dream “as the psychological motivation to gain fast wealth or fame in a new land”.  Whichever definition you aspire to the truth remains the same, California …

BP profits hit by Angola write-off; CEO says it’s preparing for ‘new oil price environment’

BP beat analyst expectations on Tuesday, despite profits more than halving from the first three months of the year after a hefty charge from an unsuccessful project in Angola. Here are some of the highlights from the earnings: Underlying replacement cost profit, used as a proxy for net profit, $684 million in the second quarter …