I'm defending somebody? I'm accusing Goldman of complete awareness of the state of the drilling operations in the Gulf, and complicity in financing it, and cynical profiteering on a situation they helped create with their political efforts and close relationships in the Federal government as well as the industries involved. They sold their stock in the major Gulf drillers as soon as the big drilling firms lost key protections in the US government, and became more liable for the consequences of screwups as well as open to more restrictive and profit-curbing oversight. That is not a great mystery, (and a couple of hundred million is not a large amount of money). In the legal prosecutions to come, we would (in a better world) see subpoenas issued to the financial analysts involved - what they knew, and how they knew it, about what appears to have been famously lax drilling oversight in the Gulf, and what everyone involved viewed as the likely consequences.
I don't think Goldman Sachs targets at whole Gulf oil drill. As a matter of fact, the deep sea oil drill is still going on, not affected by the oil spill. They have some other purpose. This is a planed operation. So some insiders had the information in advance.
Not just insiders - all kinds of people have been complaining about the deregulation of the drilling and playing with disaster in the Gulf. And that very well was looking like a likely initiator. All you need is the information - see the trouble coming, set up to profit, let it happen. No conspiracy required.
So all kinds of people have same opinion like Goldman Sachs and Halliburton have? So did the people who shorted the airline company several days before 911? Tell me who else shorted Gulf oil spill to prove your point of view. But from my view, only those big heads who control the big company can make money on these crisis.
Only those with inside info can time things well enough to sell short with reasonable odds, true. But that inside info is enough.
I hate Goldman Sachs and consider them parasitic scum that sucks wealth they did not earn of of other peoples pockets and scum corrupts governments but Goldman had no foreknowledge of the BP drilling disaster. Goldman is one of the largest buyers and sellers of all corporations every day. Any large sale of BP by Goldman before the disaster was a coincidence. The disaster was a surprise that should have been expected eventually sometime, somewhere because of the excessive penny pinching primarily by BP but also by Transocean and Halliburton and the US government's Minerals Management Service. This spill will cost BP a fortune. All that cost cutting that got BPs junior executives big bonuses and congratulatory pats on the back has proven to be exactly what BP's technically skilled employees had been warning BP that it would be, a disaster waiting to happen. Short term thinking caused this disaster. The immediate last stupid cost cutting act that caused the disaster was BP's decision to replace the heavy drilling mud with sea water before the cement plugs had cured on a well that had been "kicking" and showing signs of high pressure and cementing and seals failure that made the potential for blow out far higher than would warrant a hasty removal of the heavy drilling mud. No conspiracy here unless you count the entire normal corporate and political culture as being a conspiracy.
Some accidents that due to employees not following rules or procedure is not followed. I know several deaths. In one case, no one should be welding near a high pressure hydrogen line, yet one did and got vaporized. In another case, policies were in place for no one to clean chlorine valves with hydrocarbons. One did and 2 died. In another case, the grounding wire got corroded in a powder aluminum environment and boom. Sometimes it is just that day of neglect and explosion even if you did everything right the last 5 years. Sometimes there is no room for error and yet NASA stuff blows up too.
BP's Hayward out, Dudley in GREAT! Now they've replaced the "public face" to mitigate the disgrace. All is well! This sounds like a cheap trick. Just get rid of the figurehead and your PR will improve. *BARF!* Oh, and here's a gem! Yeah, BP has been doing such a great job cleaning up. And spraying toxic dispersants. And fudging on payouts. But then again, BP probably doesn't want to be a welfare-enabler. Maybe that's why people of a "conservative" colour seem to be defensive of them? Who the hell could possibly do a better job of cleaning up than BP? Anyone have any suggestions on improvements? BP simply has to be saved! **DOUBLE BARF** Please Register or Log in to view the hidden image!
So! I see we have had major improvements on the Gulf situation since this fresh new face has taken the helm. BP's stock gone up yet? People being taken care of?
Not enough. Inside information is passive. Manipulation is active. They can create crisis to make money. I think 911 was one, so is Gulf oil spill. They have ability.
Please Register or Log in to view the hidden image! Kenneth Feinberg: Will he be fairer and faster than BP? Kenneth Feinberg is President Obama's choice to run the $20 billion escrow fund for claims against BP in the Gulf oil spill disaster. Mr. Feinberg also ran the 9/11 victim compensation fund. Do you feel ultra secure now that the guy who paid out money to the 9/11 victims is in charge? What does that have to do with it, you ask? http://kennysideshow.blogspot.com/2010/06/zionist-kenneth-feinberg-911-cover-up.html Sure. There's a lot of allegations there. Some of them may be spurious. But does anyone rest easier knowing this guy is in charge of handing out money on BP and the government's behalf? I can't find it right now, but this may a similar link: http://www.pbs.org/newshour/bb/politics/jan-june10/oil2_06-18.html Call me cynical, but when I first read this, I was thinking, "We have to get as small a payment out as quick as possible, and avoid at all costs any future litigation." Does anyone think that BP is really interested in helping people who are affected by this spill?
BP oil spill is a state running terrorism like 911. BP emerges from “The National Iranian Oil Company” in 1953, then was ousted from Iran in 1979. Now US wants to start war in Iran, they need the ally of the Great Britain like what they had when Bush started Iraq invasion. But the puddle - Tony Blair is not at the seat. To push Britain to join the coming Iran war, the Gulf oil spill was created to shake the foundation of the BP. If Britain wants to save BP from the financial trouble – joining the Iran war. “
Hello!:wave: What am I doing here??? BP Exec Would 'Absolutely' Eat Gulf Seafood My mind is at ease, my fears are allayed. Please Register or Log in to view the hidden image! Fishermen Forced to Sign Waiver A poor appetite for gulf seafood In Louisiana, where the fishing industry is as much a part of the state as Mardi Gras, even locals won't eat the catch. YUMMY!
Yes, I was a member of the Terrorist SEAL task force that was assigned to this mission. It has recently been declassified so I can talk about it.
BP Investigation Blocked By Senate The House version was voted against by 1 person: Ron Paul. Why on earth? http://www.house.gov/apps/list/speech/tx14_paul/hr5481.shtml He may have a point there, but I would like to see him then submit his own bill for a "proper" investigation.
