16 replies to this topic

[Rogerdodger]

This oil spill working out too well.
List of BP stock ownership: LINK showing sale
Goldman Sachs Dumps 44% of it's BP Stock Weeks before Oil Rig
Golman Sachs sells largest ever chunk of BP stock 2 days before

Goldman Sachs sells largest ever chunk of BP stock 2 days before accident.

The latest revelations in the British Petroleum gulf drilling disaster indicate that international banking firm Goldman Sachs sold over 4.68 million shares of British Petroleum stock just two days prior to the explosion of the British Petroleum drilling platform. This sell-off of petroleum stock is now recognized as the largest single liquidation of petroleum stocks in the history of modern markets. With this liquidation taking place just 48 hours prior to the gulf explosion which now looms as America's worst ever ecological disaster, any intelligent mind must ask these questions, "Was this sell-off an act of insider trading? Did someone at Goldman Sachs have foreknowledge of this disaster? Could the disaster have been man-made? If so, who would be the ultimate beneficiary of this event?"

Per Phil's Gang: GS shorts 5 million shares

Edited by Rogerdodger, 04 June 2010 - 02:32 PM.

[rkd80]

Ok, so I have heard of insider trading where someone is tipped off to some bad news. How does this fit into that template? How can anyone tip GS off to a potential explosion...? Or was it something like "Just so you know, we have a very unstable well and it just might go belly up in the next x weeks/months". LIke that?

[dcengr]

according to what I read, the explosion was because they changed protocol. Some BP guy told them to do it differently than Transocean wanted to do it. All fits into conspiracy theory.

[milbank]

Golman Sachs sells largest ever chunk of BP stock 2 days before

Uhhh, is the source for this paste a hobby site for you Rog?

On the subject, yeah, Zerohedge brought this early in the week or over this past weekend.

Attached Thumbnails

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Edited by milbank, 04 June 2010 - 02:41 PM.

[IndexTrader]

I understand that conspiracy plays on this board, but does anyone want to post how many shares of BP Goldman still owns. Sheesh. IT

[Rogerdodger]

Funny how it happened just days before Washington was going to take up a new energy bill with emphasis on "drill baby drill."

MANY have benefited from this disaster.
Just think about who benefited.

Why was the order given to pump water into the well, removing the heavy drilling fluid, causing a heated argument with the crew who foresaw the danger?

Washington - Company executives and top drill hands on the Deepwater Horizon drilling rig argued for hours about how to proceed before a BP official made the decision to remove heavy drilling fluid from the well and replace it with lighter weight seawater that was unable to prevent gas from surging to the surface and exploding.

One employee was so mad, the rig's chief mechanic Doug Brown testified, that he warned they'd be relying on the rig's blowout preventer if they proceeded the way BP wanted.

"He pretty much grumbled, 'Well, I guess that's what we have those pinchers for,' " Brown said of Jimmy Harrell, the top Transocean official on the rig. "Pinchers" was likely a reference to the shear rams in the blowout preventers, the final means of stopping an explosion.

Brown said in sworn testimony on Wednesday that the BP official stood up during the meeting and said, "This is how it's going to be."

However, the oil company's own inquiry continues to skirt a central question that may emerge in the Louisiana hearings being conducted by the U.S. Coast Guard and the Minerals Management Service: Why were so many warnings ignored and why did BP move forward with removing the drilling mud?

In its briefing to congressional committees, BP said that crews noticed unusual pressure and fluid readings that should have alerted them not to remove heavy drilling lubricants known from the well — a move that apparently allowed a sudden upwelling of gas that led to the explosion and sinking of the rig about 50 miles from the Louisiana coast.

"That's something you learn at well-control school," said Carl Smith, a former U.S. Coast Guard captain and expert witness. "If you're circulating fluid, you need to monitor how much is going in and how much is coming out. If you got more fluid out than in, it's an indicator that something's going on."

LINK

Edited by Rogerdodger, 04 June 2010 - 02:44 PM.

[Rogerdodger]

I understand that conspiracy plays on this board, but does anyone want to post how many shares of BP Goldman still owns. Sheesh.

IT

Records show it was 43.7% of their holdings.

Edited by Rogerdodger, 04 June 2010 - 02:46 PM.

[mss]

I also believe that the "accident" came within a week or so after the "open up oil drilling" announcement. So now the claim to "no-no" drilling can be made because of the scare. But we tried. mss RD you beat me to it

Edited by mss, 04 June 2010 - 02:44 PM.

[Rogerdodger]

And Martha Stewart went to prison.

[LongShort168]

GS did nothing wrong...BP was clear sell days before...

Edited by fool_bush, 04 June 2010 - 02:55 PM.