Gulf Oil - Putting together the pieces.

After looking at the actions of several companies and individuals tied to the Gulf Oil Crisis, a disturbing picture begins to emerge.

This picture may suggest that the company responsible for operating the Deepwater Horizon, as well as a company responsible for ensuring its safe operation, may have not only known about the problem in advance, but that they may have informed other key individuals and companies of it, thereby giving them an opportunity to sell their stock.

I believe that is known as insider trading?

Here are the details, backed up by sources, mostly direct:

1. Rig worker Tyrone Benton says BP knew of blowout preventer failure 2 weeks before 'Deepwater Horizon' exploded, yet failed to act.

Source: news.bbc.co.uk...

2. BP CEO Tony Hayward sold 1.4 million pounds worth of shares in the company weeks before the oil spill began.

Source: www.telegraph.co.uk...

3. Goldman Sachs sold $250 million (44% of holdings) of BP stock just weeks prior to the spill.

Source: rawstory.com...

4. Halliburton, company responsible for constructing faulty wellhead, buys 'Boots & Coots' (oil spill cleanup company) on April 12th, 8 days before oil spill 'begins.'

Source: www.thestreet.com...

[edit on 21-6-2010 by JipStix]

reply to post by JipStix



They didn't just sell and walk away... they sold knowing the price would drop... and will buy back at the next low point they think is opportune...

The question is... when will that be...