[Eva]

I should have said that BP is precluded from operating. Alaska tanker company is the straw company that I mentioned. Due to the Jones act, no foreign company can
own and operate a shipping company that operates between US ports. Alaska tankers was set up to take over ARCO Marine, because BP wasn't allowed to operate it. But the gov't wouldn't even let that happen and made them sell it along with the Alaska interests to Phillips. Alaska tankers has built some new double hulled tankers but they don't compare to the ones that CONOCO has. BP is so cheap that they didn't even put in an elevator.

[thackney]

Alaska tankers was set up to take over ARCO Marine, because BP wasn't allowed to operate it. But the gov't wouldn't even let that happen and made them sell it along with the Alaska interests to Phillips.

BP owns 25% of Alaska Tanker Company.