Did BP, Halliburton and Transocean Ltd conspire to let the Deepwater Horizon oil rig explode? Sound preposterous? You may not think so after watching ex-Governor Jesse Ventura interview a bevy of individuals, including investigative journalists Sherri Kane and Len Horowitz (their radio program website: The Insight Hour) in his latest episode, Season 2, No. 7 of Conspiracy Theory with Jesse Ventura.
Sherri and Len, whose articles that I have read, I must point out, are highly ideologically conspiratorial and rhetorical, bluntly claim that the Gulf Oil Disaster was planned, and that much of the proof lies in buys, sells and puts on Wall Street. Why, for example, did then BP CEO Tony Hayward sell 1/3 of his stocks in his own company on March 17 (collaboration), just a little over a month before the Deepwater Horizon blew on April 20, 2010. Hayward purportedly made millions on the sell-off, while other BP stockholders lost heavily when stocks plummeted after the oil rig explosion. Was this mere coincidence, and Tony merely wanted to raise money to pay off a big mortgage? Maybe, but BP had already had a great deal of difficulty with exploratory drilling in the Macondo Prospect, so certainly the board of directors must have at least speculated that there was potential for disaster. Did they decide that such a negative event had another kind of potential, profit potential? Perhaps they even thought a disaster was inevitable, so why not take advantage of this, good old disaster capitalism at work.
And why did Transocean Ltd, the owner of the Deepwater Horizon, on the very morning, Horowitz states, of the blow-out and explosion which would occur later that night (9:45 pm CDT) open up a special "Put-Option" in the European stock exchanges on their stocks, available to inside players, an equity maneuver that had actually been put into motion on April 14th. A "Put", to paraphrase Ventura, is like buying insurance on your stock price in case it plummets. When this plummet DID occur after the disaster, Len Horowitz claims that Transocean made "billions".
The Management Boards of the Eurex Stock Exchanges and the Executive Board of Germany's Eurex Clearing AG decided, on April 14, 2010, to introduce an equity option on shares of Transocean Ltd, effective on the day of the explosion, April 20, 2010. This gave inside traders a full day to dump their "uninsured" stock in Transocean at the highest price possible (before the rest of Wall Street responded to the explosion). Then the crisis capitalists were able to reinvest their funds securing the higher price value.Then there is Halliburton's highly coincidental purchase of Boots and Coots/IWC, one of the prime oil disaster intervention companies in the world, for 240 million dollars on April 9, 2010, a purchase suspicious enough to warrant an investigation, to quote from Wikipedia:
These officials published zero reason for Transocean's new equity option program that encouraged banking criminals to use "protective puts" to make millions.
In other words, by paying a relatively small premium (compared to the soon-to-be plunging market value of Transocean stock), the Rothschild Leaguers knew no matter how far the stock dropped, it could be sold at the original "strike price" (also called the "put option") anytime before April 20, 2012. (source)
On April 9, 2010, it was announced that Halliburton would acquire Boots and Coots for $3 per share, valuing the deal at approximately $240 million. On April 12, Robbins Umeda LLC reported it has launched an investigation into "possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Boots & Coots, Inc." [ 5 ] with regard to the deal. (source)Boots and Coots, of course, has been employed in the Gulf oil disaster control and cleanup efforts, raking in how much profit I am not sure, but rest assured that it is plentiful (2nd Quarter Statement, 2010, profits up considerably - 3rd Quarter not out yet).
Does a company that both builds oil rigs and cleans up oil spills have any motivation to prevent oil rig disasters?This triumvirate of possibly "preemptive financial strikes" may indeed be coincidence or, more darkly, even a disaster capitalist premonition or expectation of impending doom at the Macondo Prospect oil rig, brightened by the predatory instinct to capitalize on it. The blackest and most strained explanation, however, is that the blowout of the well head was intentional, part of a wider, Big Money/Government Elitist criminal conspiracy to depopulate parts of the Gulf Coast and turn then into a giant industrial field.
That's the question some people in business and politics are asking themselves after Halliburton's purchase of an oil clean-up company 10 days before the Deepwater Horizon explosion that killed 11 workers and launched the worst oil spill in US history.
Some observers see a conspiracy in the actions of the company once headed by Dick Cheney. Halliburton, which built the cement casing for the Deepwater Horizon's drill, announced its purchase of Houston-based oilfield services company Boots and Coots for $240 million on April 9, just 11 days before the Deepwater Horizon explosion.
According to a report at the Christian Science Monitor Friday, Boots and Coots is now under contract with BP to help with the oil spill. The company "focuses on oil spill prevention and blowout response," CSM reports. Halliburton's purchase is not yet a done deal -- it's still awaiting regulatory approval, though few observers think the purchase won't pass muster.
"[Mergers and acquisitions] in the industrial and oil services sectors is totally normal," writes David Anderson at The Inspired Economist, "but the timing in this case, is not. Boots & Coots sure seems like the perfect company to own if it would soon become necessary to get more involved with some oil disaster. (source)
Could an acoustic switch really have made the difference as the safety device of last resort after the explosion and subsequent fire struck late at night on April 20th? When you read the Boots and Coots Macondo Findings Report detailing the sequence of events and analyzing what might have gone wrong, you are left with the impression that none of the installed safety systems worked properly, systems that BP declared were failsafe, either through damage from the explosion, through neglect, jury-rigging, cannibalized parts or worse (i.e. possible sabotage), so that an acoustic switch may really have been the system of last resort that could have saved the day, but it is also possible that the Blowout Preventer was already either damaged or not even up to grade for cutting through the drill pipe and sealing it, even if an acoustic switch was present and activated. Go to Page 8 of the Findings Report for a list of problems with the Blowout Preventer that the Boots and Coots report details. (See Report - a PDF file download dialogue box will appear for opening or saving the file.)
Returning to Episode 7, the program also underscores the close business relationship between BP and Nalco, producer of the Corexit dispersant almost exclusively used in the Gulf "cleanup", even though there were safer, more effective products on the market if dispersants were to be used at all, Ventura noting that the EPA had even told BP to stop using Corexit.
Jesse also interviews Alfred Webre, a lawyer and environmental activist, right at the Lower Ninth Ward levee that I have stood before myself, where Webre unabashedly states that the Hurricane Katrina flood disaster of 2005 in New Orleans was the first phase of a cynical depopulation plan to make the entire region a "petroleum servicing area", with the Gulf oil disaster the second phase of depopulating the region. Alfred also alleges that this conspiracy includes the White House and the Department of Energy, not only during the reign of George Bush and Dick Cheney, but even now with Barack Obama, whom Webre considers a "Manchurian Candidate" groomed by the CIA and other government/corporate entities promoting an "international war crimes racketeering organization" to become their man in the White House, whose goals are not American citizens', or even human goals at all.