0 votes

Did Goldman Sachs short the Gulf Explosion?

There is some controversy over whether or not certain people knew in advance about the Gulf of Mexico rig explosion.

There was a report that certain people 'betted' on TransOcean stocks falling.

The report has been described as 'satire'.

We have read that someone did indeed short the Gulf of Mexico

Reportedly, someone placed 'shorts' on TransOcean stock days before the explosions in the Gulf of Mexico.

Reportedly, Goldman Sachs did the same with airline stocks prior to 911 and again with the housing bubble.

A. True Ott, Ph.D., wrote the following:

I have confirmed that there were indeed numerous "shorts" placed on TransOcean stock just days before the "problem".

Was it Goldman Sachs?

Reportedly, Dr. Ott has confirmed from two sources that Goldman Sachs was in on the shorts being placed on TransOcean stock. (See Email from Don Nicoloff documenting Goldman Sachs short puts on TransOcean stock.)

links active at - http://aangirfan.blogspot.com/2010/05/who-knew-in-advance-ab...

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

Just can't get enough

Wonderful, more populist paranoia. We just can't get enough of that here.

What you MAY be referring to is the fact that Transocean insured their oil rig for an amount far above the value of the rig. Why would they do that? Perhaps because they calculated it was not properly maintained? I really don't know... but the cost of the insurance was deemed sensible relative to other costs, IMO.