it's clear now: BP intentionally caused spill

[Simulist]

Has anyone ever identified this "BP official," this "company man" who caused this disaster?

If not, why is no one demanding this information? (He's over 18, right?)

[seemslikeadream]

[2012 Countdown]

I hear ya justdrew, there is some mystery here, and don't let me stop you from your exploration/investigation/postulation. Thats what this board does. Not enough evidence yet for me to say MIHOP though. Maybe I cannot see it, or better, want to think about it - and I'm just disappointed. I mean, where's the romance? Where's the fanfare? The fireworks? I didn't think slowly drowning in crude would be my fate in the 'endgame'. Not very glamourous.

[smiths]

Last night experts were warning that the company had “the smell of death about it” as fears grew that the disastrous leak off the Louisiana coast could continue for another two months after the latest attempt to stem it failed.

http://www.dailyexpress.co.uk/posts/vie ... -pensions/

Our theoretical analysis shows that an economic underground can come to life if firms have an incentive to go broke for profit at society’s expense (to loot) instead of to go for broke (to gamble on success). Bankruptcy for profit will occur if poor accounting, lax regulation, or low penalties for abuse give owners an incentive to pay themselves more than their firms are worth and then default on their debt obligations.

http://www.signallake.com/innovation/Looting1993.pdf

it is, in effect, identical to TBTF banking, operating on the absolute edge of catastrophic risk,
pocketing the profits whilst it lasts, stripping the assets out, and imploding it for the taxpayers to pick up the pieces,
it also worth noting that BP is the fourth largest company in the world,
an intentional attempt to 'kill' BP is an intentional attempt to kill the global economy

[DoYouEverWonder]

I hear ya justdrew, there is some mystery here, and don't let me stop you from your exploration/investigation/postulation. Thats what this board does. Not enough evidence yet for me to say MIHOP though. Maybe I cannot see it, or better, want to think about it - and I'm just disappointed. I mean, where's the romance? Where's the fanfare? The fireworks? I didn't think slowly drowning in crude would be my fate in the 'endgame'. Not very glamourous.

As T.S. Eliot would say -

This is the way the world ends
This is the way the world ends
This is the way the world ends
Not with a bang but a whimper.

[Nordic]

I think it's extremely premature to even speculate about a MIHOP.

These people are idiots, and they don't care, and there are a lot of them.

They are engaged in an activity with which they had almost zero experience, i.e. digging into pools of oil with unforeseen pressures, deeper than they knew how to handle.

They were just reckless and foolhardy, and thought they were really hot shit.

This event was inevitable. Anyone with a brain could have seen this coming.

I think it's similar to the space shuttle blowing up. Except it keeps blowing up, every damn day, and nobody knows when it will end.

[smiths]

did anyone make money out of the space shuttle blowing up?

[2012 Countdown]

I think it's extremely premature to even speculate about a MIHOP.

These people are idiots, and they don't care, and there are a lot of them.

They are engaged in an activity with which they had almost zero experience, i.e. digging into pools of oil with unforeseen pressures, deeper than they knew how to handle.

They were just reckless and foolhardy, and thought they were really hot shit.

This event was inevitable. Anyone with a brain could have seen this coming.

I think it's similar to the space shuttle blowing up. Except it keeps blowing up, every damn day, and nobody knows when it will end.

This is where I am too, and will add that they were craven, careless, and apparently had no idea this could happen, or thought they could hide it if something did happen.
It is mind boggling how penny wise and pound foolish they are. A simple cost/benefit analysis should have revealed that they had at least better do the drilling correctly and by the book. They didn't even do that.

But I'm going to need to see "Coincidence Theorist's Guide" level of connections before i jump on this train.

[Username]

~
Chump brought up this possibility here:

Right out of the chute, I sensed that the Deepwater Horizon Rig Disaster was intentional - such as the attacks of 9/11 - another inside job. That's the way it feels. The numerology, (11 victims, April 20th...), Earth Day, the Earth pooping bloody diarhea into the drinking water - stuff like that. Why do I think like that?

Conditioning? Intuition? Perhaps my imagination is getting the better of me: Dick Cheney, Count Dracula, Dr. Evil, and Fu Manchu duking it out; one faction pounding another in an ongoing World wide, Corporate WW III. Unfortunately, I have found a few articles that substantiate that notion.

. . . and I believe him.
~

[Nordic]

did anyone make money out of the space shuttle blowing up?

Who's making money out of this mess?

And what's the agenda?

9/11 had an extremely obvious purpose, which was stated quite clearly in the PNAC documents prior to the event itself. And which then occurred.

This? I don't see where anybody wins with this one.

Who could possibly be getting what they want out of this?

And, I have to add, seeing the immense treasure of black gold squirting itself up into whatever waiting, gaping maw was waiting to receive it, it's quite easy to see how pure, simple greed was the motivation for this recklessness.

Many of Cortez's men, trying to get the hell out of Montezuma's Mexico City, drowned due to their being bogged down with pilfered gold.

[smiths]

like the end of the Italian Job

[smiths]

anyway,

Transocean are profiting from it since they insured the rig for more than it was worth

there has been number of suggestions that BP will essentially not pay tax as a result of its 'losses' which could be turned into a profit,
the major shareholders of BP are losing but the insiders (GS) that got out in time will have done nicely,
if BP is seized or nationalised the working assets would be sold at bargain prices and Exxon or Shelll would profit from it,
and the law suits would transfer to the government meaning taxpayers would cover the cost and corporate auditors and solicitors would profit,
the top level of management who have got out would profit,
anyone that bet on a major decline in BP's fortunes will have profited (GS)

Halliburton certainly seem confident they'll do alright out of it

Halliburton, which was in charge of sealing the well before it ruptured, led the rebound after the oil services company told investors it hasn't lost any work because of its ties to the Gulf oil spill.

In afternoon trading, Halliburton rose $2.60, or 12 per cent, at $23.75 a share.
http://www.theaustralian.com.au/busines ... 5874825335

A rise in oil prices and equities markets also helped boost stocks across the sector.

[smiths]

reckon anyone could have profited from this information?

Just a week before the Deepwater Horizon exploded, BP PLC asked regulators to approve three successive changes to its oil well over 24 hours, according to federal records reviewed by the Wall Street Journal. The unusual rapid-fire requests to modify permits reveal that BP was tweaking a crucial aspect of the well's design up until its final days. One of the design decisions outlined in the revised permits, drilling experts say, may have left the well more vulnerable to the blowout that occurred April 20, killing 11 workers and leaving crude oil gushing into the Gulf of Mexico. The Minerals Management Service approved all the changes quickly, in one instance within five minutes of submission.

http://online.wsj.com/article/SB1000142 ... _whatsNews

[smiths]

i nearly missed this gem

BP senior drilling engineer Mark Hafle, in testimony on Friday at the same hearings, blamed the multiple well-design corrections on an inexperienced data entry employee who "made some typos" filling out the forms.

do you think that the same data entry employee wrote billions instead of millions the day the market dropped through the floor?

[JackRiddler]

Seems to me if anything the oil industry profits from the perception that this was a very exceptional fuck-up or even an intentional act. Because then nothing has to change except enforcement of the supposed regulations that will make such disasters "impossible" in the future.

But if this was a predictable and inevitable result of engaging in their business at a time when the depletion of easily extracted reserves is pushing them to the ocean floor and the shale, that means everything must change.






By the way, did you all notice that Obama acknowledged the reality of peak oil in his press conference?