 There, now that wasnt so bad, was it? Since he took on the top job at BP, Bernard Looney has been behaving like a schoolboy playing hookey to avoid his tetanus shot. He knows its unavoidable, but cant bear the thought of the pain. After ducking the decision six months ago, when it was plain that oil was set for a demand shock like weve not seen in a generation, today hes proffered his arm to Nurse and taken it. Hes halved the dividend like his predecessors did in 1992 and 2010. And guess what? He barely felt a scratch. 