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It turns out that Goldman Sachs really did place shorts on TransOcean stock days before the explosions rocked the rig in the Gulf of Mexico sending stocks plunging while GS profits soared -- benefitting once again from a huge disaster, having done the same with airline stocks prior to 911 then again with the housing bubble.
Dr. Ott had me and Paul Noel on his two-hour radio show yesterday talking about the viral article we posted, "Mother of All Gushers Could Kill Earth's Oceans". In response to the alleged Goldman Sach's shorting story, Paul, who is an expert on the Gulf Oil subject, provided the following intelligence: There is a reason they could have known the rig was going to fail up to two weeks ahead of its failure. The nature of these wells is that they leave the drill mud in the well and compress using very heavy drill mud to keep the well from blowing up unlimited. The well would begin to bump (similar to boiling a big bubble) and the acoustic signals would tell the rig was in trouble that far ahead. Goldman Sacks could just have had inside info. They also know the scale of things. This is the best explanation. It could be otherwise.
Originally posted by BeastMaster2012
Does that mean in one day 1.4 million shares were bought, compared to 598,000 that were bought in the previous 30 days?!?
Scorpion Offshore Ltd. acknowledges the announcement by Seadrill Limited on 12 April 2010 that Seadrill has acquired additional shares in Scorpion at a price of NOK 36.00 per share. With the acquisition of these shares Seadrill stated that it owns 40.1% of Scorpion's issued and outstanding shares.
By increasing its share ownership above 40% of Scorpion, Seadrill is obligated to make a mandatory cash offer for the remaining Scorpion shares or reduce its holding below the 40% threshold within four weeks from 12 April 2010.
www.oilvoice.com...
www.abovetopsecret.com...
Dr. Ott has subsequently confirmed from two sources that Goldman Sachs was indeed in on the shorts being placed on TransOcean stock. And he has confirmed that the comedian was aware of that as well.
In our interview with Dr. Ott yesterday, both Paul and myself pointed to the magnitude of this disaster as hopefully a death knell to the oil industry, spurring people to finally provide the support needed to get the myriad of free/renewable energy technologies that have been languishing into the marketplace.
Originally posted by Kaytagg
Originally posted by BeastMaster2012
Does that mean in one day 1.4 million shares were bought, compared to 598,000 that were bought in the previous 30 days?!?
It means 1.4 million shares changed hands..
all that means is that 1.4 million shares were bought/sold during the trading day.
www.investopedia.com...
"One oil rig goes down and we're going to be rolling in dough," Mr. Tourre wrote in one email.