There must be a certain amount of schadenfreude in the oil industry at the continued hammering UK energy giant BP PLC is receiving in the international press. BP, which is the second largest oil company in the world behind ExxonMobil, has over the past several years touted itself as the environment-friendly, socially conscious oil company as opposed to its rivals, especially ExxonMobil. However, a series of events over the past 18 months have tarnished BP's once sterling reputation.