Anonymous asked in Politics & GovernmentPolitics · 10 years ago

Do you know the likelihood that BP blew their own rig?

- Sales of shares and stocks in days and weeks beforehand

- Halliburton link, acquisition of cleanup company days before explosion

- BP report cites undocumented tampering with well sealing equipment

- Government uses disaster to push for Carbon Tax, Nationalization talk

Hearings: BP representative overruled drillers, insisted on displacing mud with seawater

Safety fluid was removed before oil rig exploded in Gulf

Possible prior knowledge of the explosion is evident via huge dumping of stocks and shares in the weeks and days prior to the incident.

Goldman Sachs dumped 44% of its shares in BP Oil during the first quarter – shares that subsequently lost 36 percent of their value, equating to $96 million.

Other asset management firms also sold huge blocks of BP stock in the first quarter. Though the amounts pale in comparison to Goldman’s holdings, Wachovia, owned by Wells Fargo, sold 98% of its shares in BP and Swiss bank UBS sold 97% of its BP shares.

Furthermore, as reported by the London Telegraph on June 5th, Tony Hayward, the chief executive of BP, sold £1.4 million of his shares in the fuel giant weeks before the spill.

And this is taken from BP's on Interim Investigation Report

pg. 37

"ROV identified ***undocumented modifications to the hydraulic control system***; the extent of these modifications is unknown at this time"

10 Answers

  • 10 years ago
    Best Answer

    yep..just to piss you off and ruin your life....

  • 10 years ago

    It's more likely the Obama administration had it blown to create a crisis to forward his insane green agenda.

    Unlikely BP would do it...there's no benefit at all for them.

    It's most likely neither happened and it was an accident.

  • 10 years ago

    Bp has lost more money than it has, this spill has cost them untold money both in repayments and in lost revenue from a very productive well.

    Your conspiracy theory is lacking the most basic fundamental,... motive.

  • 10 years ago

    Yes. BP blew up their own rig in attempt to lose millions of dollars and make everyone hate them.

    It was all a conspiracy to stab themselves in the face it would seem.

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  • 10 years ago

    Your paranoia is almost funny. Yahoo is discussing the possibility of a BP bankruptcy right now.

  • Happy
    Lv 7
    10 years ago

    ... I heard that stuff too, but the problem with it is motive. I just don't see BP gaining from this.

    Have you heard this song?

    Youtube thumbnail

    That shows how people are feeling about BP.

    More likely they just thought the market was about to dip?

  • 10 years ago

    Your last 2 points tweaked my interest.

  • 10 years ago

    I don't buy that. I just can't believe anyone would damage the planet this way on purpose.

  • Dutch
    Lv 6
    10 years ago

    Oh "good," another conspiracy theory. Just what the world needs, more irrational thought.

  • Anonymous
    10 years ago

    You have to be pretty damn stupid to think BP blew their own rig.

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