(noun) short for BP Global, British global energy company known for spilling millions of gallons of oil into the Gulf of Mexico in 2010.
In 1773, the Boston Tea Party (no connection to the Teabaggers, who have representation if they get off their fat asses and go vote) set the stage for the Revolutionary War. The colonists were pissed that they had to pay tax to the British Empire without any voting representation. Great Britain had been known forever for occupying, taxing, pilaging and plundering territories and soverign nations as it saw fit. Under those stiff British upper lips they were muttering one big "fuck you" to the rest of the world. Gradually over the centuries, the once powerful empire withered away until just about all they were left with was warm beer and Fergie.
Oh yeah, they're also pissed at us because we murdered John Lennon and that sealed the fate on any possible Beatles reunion.