Saturday, June 05, 2010

Strange coincidences surround BP gusher in Gulf

This all strikes me as kind of odd. First, I see one of the workers on the oil rig made a will shortly before the explosion. He was worried the construction was being rushed.
"They were getting pressure from someplace higher up to do things that maybe weren't exactly the way Jason thought that they should be," she said. "It was a safety issue."

"Jason's father told us Jason was concerned that BP, which controlled the rig, kept wanting to stray from procedures to finish the well faster, which Jason considered unsafe," Myers reported.

The Transocean CEO sat in the Anderson kitchen and told Shelly how he would take care of her family. But even before the memorial service could take place, Transocean went to court to limit their overall damages.
Second, is the odd timing on this sale of BP stock.
The brokerage firm that’s faced the most scrutiny from regulators in the past year over the shorting of mortgage related securities seems to have had good timing when it came to something else: the stock of British oil giant BP.

According to regulatory filings, has found that Goldman Sachs sold 4,680,822 shares of BP in the first quarter of 2010.
And third, even more strange, is BP CEO Tony Hayward's cashout of his own stock.
Tony Hayward cashed in about a third of his holding in the company one month before a well on the Deepwater Horizon rig burst, causing an environmental disaster.

Mr Hayward, whose pay package is £4million a year, then paid off the mortgage on his family’s mansion in Kent, which is estimated to be valued at more than £1.2million.
I'm not implying or assuming anything, but I'd bet a good conspiracy buff could come up with an interesting theory about this chain of events.

[More posts daily at The Detroit News]

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Blogger Ruth said...

Wonder how many high executive branch officers in Enron cashed out Anderson Little shortly before their little fraud was exposed?

3:44:00 PM  
Blogger Libby Spencer said...

That would be interesting to know Ruth. Bet there were a couple at least.

9:31:00 PM  

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