Posted on 06/06/2010 11:07:51 AM PDT by Hamiltonian
LONDON (MarketWatch) -- BP PLC's regular advisor Goldman Sachs is rumored to be preparing to fend off any potential takeover attempts for the U.K. oil major, reports the Independent on Sunday.......
(Excerpt) Read more at marketwatch.com ...
Actually, since BP is waiting to use up their “limits” on how much they have to spend (according to the “cap” put on how much an oil company has to spend on some disaster) — and since the U.S. Taxpayer will have to spend their own money for all the rest of the clean-up (both the “public” money and all the “private money” for personal damages and property), leaving BP free and clear to spend no more than that limit — I would say that this would be one instance where the U.S. Taxpayer should get all the assets of BP, and sell them off, piece by piece, to pay for all the remaining expense that the U.S. Taxpayer has to spend for all the expenses incurred over the next decade or more.
BP should be “pieced out” and cease to exist after this disaster of theirs ...
“No doubt, so that they can deliver BP to the hands of Obastard and his minions at the right time, so he can seize the company and nationalize the oil industry for our collective “benefit.”
I think O will do whatever GS wants and he’ll be quick about it.
Is this thread OK for conspiracies?
Two weeks before the spill the CEO sold 1/3 of his shares in BP.
Obama is SO NOT furious. In his wee mind, he is delighted and calculating--calculating--planning, and gleeful.
vaudine
Isn't British Petroleum an English company, with its HQ in London? Do you think the Brits might object?
How much is the BP CEO “in bed” with Obama ? The right thing would be to require the BP CEO to buy the stock back at its original selling price and require him to hold it until the company goes bankrupt which at that point, it is worth zero.
> Two weeks before the spill the CEO sold 1/3 of his shares in BP.
And 3 weeks before, Obama called for expanded drilling.
So many NyLons... so little water in Boston Harbor.
Tea anyone?
Follow The Data, Forget Conspiracy Theory
1. In the weeks prior to the Deepwater Horizon catastrophe BP CEO Tony Hayward sold 1/3 of his BP shares, using the money to pay off his family mansion.
2. During those same few weeks Goldman Sachs shorted 44% of its BP holdings, while Wachovia and UBS sold 98% and 97% of their BP holdings.
3. CEO Tony Hayward made $4.5 million last year = $12,000 A DAY – even since the Deepwater explosion
4. Deepwater Horizon oil rig owner, Transocean, made a whopping $270 million off the explosion and oil leak.
5. Part of BP’s cost-benefit analysis for determining how well to build employee housing included a document comparing employees to the Three Little Pigs, ultimately determining that dead employees were worth more to the company than what the more expensive and safer housing would cost.
6. President Obama just appointed his THIRD Monsanto executive to a top Food/Ag position in US Government. If you want a better understanding of how Monsanto operates, rent the documentary Food, Inc.
7. Carl Casale, Director at Nalco (manufacturer of Corexit) is also EVP/CFO of Monsanto.
8. Rodney Chase, another Director at Nalco was previously Deputy Group Chief Executive at BP.
9. Despite much more efficient alternatives, BP defied EPA’s order to find a more suitable solution than Corexit.
10. While they could have been testing this better alternative, BP and USCG were ignoring it.
11. Scientific data points to the long-term ineffectiveness and damage to overall ecosystem from use of dispersants, demonstrating cases where nature fared far better when oil was left untreated by chemical dispersants.
12. Reams of data testify to the toxic nature of Corexit, including it’s hazardous impact on both wildlife and humans. And still clean up workers are not being provided masks or critical safety equipment for working around it. And The EPA has done no more than a mere suggestion that BP use alternative remedies. Google it. Too many links out there documenting this to list.
13. Corexit has NEVER been used in this quantity, at these depths. This is unprecedented – a giant science experiment we allow BP to conduct in our back yards.
14. This dispersant use may be a direct violation of federal law.
15. Last minute arguments after the rig exploded point to…. well, see for yourself.
16. Since 1990 BP and its employees have given $3.4 million to federal candidates. Their highest paid yet? Obama.
17. The MMS, the branch of government in place to oversee and regulate the oil industry actually considered themselves part of the oil industry. We now know that the MMS spent years accepting lavish gifts from the oil industry and doing drugs while on the taxpayer’s dime (all outlined in this Federal Report).
18. BP insists that CEO Tony Hayward has moved to improve its overall safety. If that’s so, let the record show it: Since 2007 BP has accounted for 97% of all serious safety violations in the industry (that’s compared with all other companies in the entire industry – COMBINED). Is that an improvement? I suppose it could actually be.
19. Whistleblower’s within BP were silenced, not only by BP, but by the DOJ, who shut down an important investigation and gave BP a “slap on the wrist” before firing the lead investigator who had reams of evidence into the criminal nature of BP’s operations. This article is truly a MUST READ. This is investigative journalism at its finest.
20. In 2009 BP was fined $87M for “life-threatening safety failings” where 439 “willful and egregious” safety violations had been found at one of its Texas refineries. The reason for the fine? Not the original safety failing – but rather for failing to make agreed upon safety upgrades to the Texas refinery after the explosion and fire that killed 15 people. Is this progress according to Hayward?
21. BP is now sitting on another ticking time bomb in the Gulf of Mexico. The BP oil rig Atlantis is sitting in 7,000 feet of water, and is in violation of a host of safety regulations. The BP contractor who originally raised concerns about these violations had his contract terminated shortly after he alerted management to the rig’s lack of crucial engineering documents in late 2008. Improvements on safety?
22. The Deepwater Horizon itself had a lengthy history of safety violations. But really, at this point, did you need to be told that?
23. Today is the 46th day since this tragedy began. The clean up efforts along the Gulf Coast remain a fragmented, uncoordinated mess. No branch of the military has been called in to oversee and coordinate coastal wide clean up efforts – a perfect job for the Army. Our military is equipped to orchestrate the take down and re-assembly of a foreign country, but when our shores need protecting our leaders do not call on them. This may be the most baffling, and disturbing, fact of all.
http://cleanthegulfnow.org/archives/follow-the-data-forget-conspiracy-theory/
Obama is SO NOT furious. In his wee mind, he is delighted and calculating—calculating—planning, and gleeful.
______________
Of course he is. He hates the states it will effect and they hate him. He was elected for one reason, cap and trade. The power and the trillions of dollars. This is the crisis he desperately needed and he will not let it go to waste. His puppet masters will make sure of that.
BP should be “pieced out” and cease to exist after this disaster of theirs ...””
A vast amount of British pensions are invested in BP.
LAS VEGAS -- The scale and carnage of BP's recent oil spill disaster continues to grow on a daily basis. BP shares have fallen 12% since the disaster.
News organs report that several banks (including Goldman Sachs, GS and Citigroup, C ), recommended buying BP shares. They argue investors are over-reacting since the April 20 explosion.
BP released news that it has tested the dispersants (manufactured by Chicago-based Nalco Holding Co.) and authorized it's use on a larger scale. BP also added it is looking for additional suppliers to begin manufacturing the dispersant material in mass quantities. SOURCE http://tinyurl.com/2cachel
REFERENCE NALCO is associated with Wall Street Rahm Emanuel's first big deal---Exelon---Axelrod did the PR......and ComEd. (Bill Ayers' father was CEO of ComEd.)
THE CHICAGO WAY UChicago Argonne controls major energy industry connections. ComED & Exelon are connected to NALCO through UChicago Argonne. All are connected to Fermilab. Stimulus millions is funding all these connections. They hire each other's executives. ComEd hired a CEO from NALCO and a director from the Dept of Ed.
UCHICAGO ARGONNE, LLC
Stimulus Contract: $163,724,912.00
US Department of Energy - May 22, 2009
SOURCES
http://www.chicagobusiness.com/cgi-bin/news.pl?id=22533
http://research.uchicago.edu/uc_anl_centers.shtml
www.EnergyStockAlerts.com--a premier source for microcap and blue chip research and commentary.
But spinning conspiracy theories is apparently much more fun than studying facts.
Two weeks before the spill the CEO sold 1/3 of his shares in BP.
I think it's a tad more then coincidence that after Bami says he will allow more offshore drilling that the CEO of GS sells 1/3 of his shares in BP. If anything, if he did not have knowledge of what was about to happen, he would have bought more shares thinking that price per share would go up.
This whole thing is a little too convenient.
ByPass(BP) is invested heavily in alternative energy. With the collapse of the Global Warming Hoax, something was needed to push their agenda to the world.
What better way to sour the worldview on oil drilling?
A Reichstag oil spill?
THANKS!!! NALCO is the KEY to the SCANDAL and who is involved with NALCO....Goldman, Soros, Buffet and CHICAGO!! SCANDAL SOUP.
You didn’t mention NALCO info that was listed on the “On ‘Manmade Catastrophe” thread from yesterday!!!
Oil spill in the Gulf = the modern version of the Reichstag Fire?
0bastard wants to mobilize his forces on the following false choice:
“You are either with us or you are with the Criminal Oil Polluters of BP”!!
Then he goes onto using the full force of the Government to confiscate the property and wealth of an Oil Company.
Even if he were successful (which he will not in fact this will blow up in his face domestically) but what he has just done is signal to the rest of the world that each country may confiscate the wealth and property of every company doing business in its borders.
Next they will use 0bastard’s precedent to move on American owned firms doing business in other countries, now this OK.
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