Well, someone may have already posted this info, but word now is that midnight a night ago, they stopped pumping mud, but apparently failed to tell anyone including the president. So, questions, did they use this insider information to profit from the significant run up in the market, including almost 6% up for BP, and maybe dump some before the bad news hit? DId they do this to help the President make himself look bad?
“Well, someone may have already posted this info, but word now is that midnight a night ago, they stopped pumping mud, but apparently failed to tell anyone including the president.”
Yeah, this story becomes curiouser and curiouser as I’ve heard people say, which means this long thread and headline was based on even older, and even less reliable information. Here’s a pretty good summary quote:
“BP officials, who along with government officials created the impression early in the day (yesterday, Thursday) that the strategy was working, disclosed later that they had stopped pumping the night before when engineers saw that too much of the drilling fluid was escaping along with the oil.”
http://www.nytimes.com/2010/05/28/us/28spill.html?hp
Don’t know about any intend to influence the stock market. These guys are probably enough up to their necks in alligators that they don’t have time to worry about anything but the immediate problem at hand.