BP should have seen strife coming, but more pressing is the exhaustion of fields on which we've come to depend, says David Strahan

It must be lonely being Tony Hayward. As the oil price continues to soar, there is a gathering consensus that global production of the black stuff is nearing fundamental geological limits. Yet BP's chief executive continues to argue valiantly that the causes of the current oil shock are "not so much below ground as above it, and not geological but political". ... Read full article