/sarc
Posted on 06/06/2010 11:07:51 AM PDT by Hamiltonian
Driveby poster.
Deepwater Truthers....I’m in. Thanks for all the information...I was basing it all on gut...you’ve got the facts.
Corollary: Never be part of the solution, always be part of the problem so you can make the crisis worse.
I’ve watched the political/financial shenanigans with great interest. Slowly but surely light is being spread on these vermin and they are squirming. I expect a war when they are no longer able to contain things.
They have a solution.....it’s called NALCO....look into it!! Scandal in waiting.
Stupid Democrats in Detroit haven't figure out that it was DEMOCRATS that RUINED their CITY and industries!! IDIOTS...now the South will be just like Detroit!! It is SICKENING!!
I have wondered if any money was made when BP stopped one of their fixes at midnight, and failed to mention it to Obama before he gave his speech the next afternoon, during which time BP stock went up 2 points. Insider trading?
“And 3 weeks before, Obama called for expanded drilling.
And everyone here had been screaming “drill, drill, drill”, and then were mad that Obama was actually going to do some, just not enough. What puzzles me is why so many people are against the government interfering with capitalist business activity, until they get mad that the government is not doing enough to run/control it. In this case the oil/BP problem. Make up your mind folks.
ExxonMobil, ConocoPhillips, and Chevron should short BP shares all week.
Drive it down to 4 bucks a share.
Then carve up the carcass.
BP has assembled a team including the following:
1. A former Deputy Attorney General (Gorelick).
2. The Acting Attorney General that held the fort under the current administration while Holder was being confirmed. Also appointed Federal attorney in 1995 (X-42 regime) in Northern Illinois (might know where bodies are buried).
3. Goldman to fend off a takeover by an unspecified party (the Federal Government in the event that it becomes a large creditor? or deepwater competitor Petrobras and its well placed backer?)
BP appears to have jettisoned the Macondo responsibility into a new business unit, fronted by a Nabob fresh from a bad BP deal in Russia. Like the aforementioned lawyers, he holds the all-important blue passport.
Where this leaves Mitsui and Anadarko is anyone's guess.
In the energy business, incompetent management can blow stuff up, kill employees, burn them, cause many $millions in damage, and make big messes. The BP guy on site appears to have chosen avoidance of an extra $500,000/day in rig time over recommendations of his contractors. Perhaps he expected Schlumberger's CBL results would create a paper trail that would make it impossible for him to get the temporary abandonment done on time.
BP owns the blowout. If they wanted to hang the cost of the leakage starting at some time after the blowout on the taxpayers- their team is connected. All they need is fabrication of a semi-plausible story about how they weren't allowed to remediate the leak the way they wanted to.
After all, when there's treasure to be had, the Brits are good at making friends on the inside:
"The East India Company's army led by Robert Clive, consisting of 950 Europeans and 2100 native Indian sepoys and a small number of guns was vastly outnumbered. The Nawab had an army of about 50,000 with some heavy artillery operated by about 50 French soldiers sent by the French East India Company. However, 16,000 of the 50,000 were under the control of Mir Jafar. Upon the promise of crown from the 'company masters', he chose not to fight, so the morale of the Nawab's army sank. Along with Mir Jafar, the troops commanded by Khuda-Yar Lutuf Khan and Rai Durlabh did not take part in the battle because of a secret pact made with the British. "
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.