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Bp's Evaporating Oil Slick Leaves Us Without A Villain

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This says it all about the uber bears on here.

They only ever saw the appocolyptic outcome event even though the percentage likelihood of it for BP was low.

The doomsters only ever write about what they want to occur, rather than look at the likelihood of each outcome.

People here need to analyse events rather than rely on what they want to occur.

Edited by ringledman

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The constant astroturfing by the environmental lobby re this subject made me yawn. I wouldn't mind, but most of it was grossly factually incorrect. People posting links and extracts to stuff because it supported their political agenda, not because they had an ability to critically judge the content and found it plausible enough to share. As ever, it's been helpful in figuring out whose opinion is really worth listening to.

How the oil was leaking from a hole in the muddy ocean floor. How the world was going to end. How the only way to stop it was with a nuclear bomb.

This is not over yet. Yes, it is an environmental catastrophe. But yes, it is not and never was armageddon.

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The constant astroturfing by the environmental lobby re this subject made me yawn. I wouldn't mind, but most of it was grossly factually incorrect. People posting links and extracts to stuff because it supported their political agenda, not because they had an ability to critically judge the content and found it plausible enough to share. As ever, it's been helpful in figuring out whose opinion is really worth listening to.

How the oil was leaking from a hole in the muddy ocean floor. How the world was going to end. How the only way to stop it was with a nuclear bomb.

Do you really think that had anything to do with the environmental lobby?

There were plenty of links posted on the OT forum to extreme predictions, but I never got the impression that it was do to environmentalists. It just seemed to be the same kind of sensation-seeking that leads to all these YouTube videos we get from fringe economic commentators predicting the imminent breakdown of world civlilisation.

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Guest sillybear2

Yup, and whilst everyone was distracted Goldman managed to get the fraud charges against themselves lifted for a measly $550 million, a fraction of annual revenues and a tiny proportion of what they ripped out of AIG.

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Guest sillybear2

The Oil Drum had a good run @ Matt Simions..................only after a hurricane will we know

Mike

Man, that's desperate, a hurricane has no affect on the conditions 1 mile under the water body at the seabed. It just means they have to move the drilling ships away for a couple of days as a precaution.

It's sad that Simmons has blown his reputation over the past few months to simply gain a bit of tawdry media coverage.

The constant astroturfing by the environmental lobby re this subject made me yawn.

Their hysteria has also done immense economic damage, far more than the actual spill, everyone thinks the whole of the gulf coast including Florida is covered in thick acrid oil so they're not booking holidays, buying seafood or traveling to the region. It's like when Blair donned a total-body protective suit during the foot and mouth crisis and stood in front of the cameras and said "Britain is open for business", overseas visitors thought the whole country (including central London) was over run by disease and quarantined.

Edited by sillybear2

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Yup, and whilst everyone was distracted Goldman managed to get the fraud charges against themselves lifted for a measly $550 million, a fraction of annual revenues and a tiny proportion of what they ripped out of AIG.

wot, and no FOIA requests allowed??

rest in safety the next Madoff.

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Guest sillybear2

wot, and no FOIA requests allowed??

rest in safety the next Madoff.

O'bummer should have delayed any settlement until after November, for next to nothing in exchange he's just given up a big stick to beat one of the most unpopular firms and industries in the world. I guess he was hoping he could milk the BP thing a while longer, according to that Senator not only do the BP executive run their Dr Evil oil operations but they also control the Scottish judicial and prison system. What next? BP has given Bin Laden cover as a lowly petrol station attendant in Tooting?

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Guest DissipatedYouthIsValuable

Yup, and whilst everyone was distracted Goldman managed to get the fraud charges against themselves lifted for a measly $550 million, a fraction of annual revenues and a tiny proportion of what they ripped out of AIG.

"Look, there's an aeroplane"

*Steals sweets*

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O'bummer should have delayed any settlement until after November, for next to nothing in exchange he's just given up a big stick to beat one of the most unpopular firms and industries in the world. I guess he was hoping he could milk the BP thing a while longer, according to that Senator not only do the BP executive run their Dr Evil oil operations but they also control the Scottish judicial and prison system. What next? BP has given Bin Laden cover as a lowly petrol station attendant in Tooting?

dont know why you havent seen the obvious.

Bin Laden

B P.

see....there is a connection

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I like the way everyone makes out it was never that bad.

It was never going to be a disaster.

Not a single person suggesting maybe it is because BP did a good job with containment and cleanup?

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Guest sillybear2

dont know why you havent seen the obvious.

Bin Laden

B P.

see....there is a connection

I guess it's a legacy of the cold war, the Americans see the need to join disparate enemies (real or perceived) into a single Amalgamated Evil super enemy in order to get the narrative functioning like a Hollywood action movie. Hence the reason many Americans still believe Saddam is linked to 9/11.

Edited by sillybear2

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The problem was BP was lying from the start about the disaster, it was trying to cover up what was going wrong for a variety of reasons with the main one being the potential cost.

However for Obama BP was a huge cash cow to boost the gulf coast regions, hotels where going to close now they can sue BP for loss of earnings. The longer this went on the more cash could be sucked from BP to pay for the economic collapse.

No doubt there are many who are a bit upset BP have managed to fix it.

Disinformation about the spill was everywhere trying to work out what was fact or fiction for the majority was impossible without specialist knowledge, all you can do is post and see what feedback there is.

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I guess it's a legacy of the cold war, the Americans see the need to join disparate enemies (real or perceived) into a single Amalgamated Evil super enemy in order to get the narrative functioning like a Hollywood action movie. Hence the reason many Americans still believe Saddam is linked to 9/11.

There is actually a good political and psychological reason behind it.

Support you here about a Muslim terror group called "Army of Islam". You put operations in place to stop their attack. A week later another group, "Defender of Islam" attack you.

At this point, it's your fault. You went after the wrong group. You failed.

Now suppose instead, you say both groups are part of a bigger group you call "Al Qaeda". Now when the attack happens, you can say you were already fighting "Al Qaeda" and this attack shows how you were right and how you need stronger laws to allow you more powers.

Th term "Al Qaeda" was an umbrella term CREATED BY THE CIA to cover all Muslim terrorists for this exact reason. This isn't a secret, there have been programs about it on the BBC. (Called, I think the power of nightmares?)

Al Qaeda, as an international terror organisation, never existed. The training camps were training volunteers to go into countries with no effective government, like Somalia, and introduce law and order based around Islamic laws. The so-caller "terrorist training camps" were in fact rather altruistic.

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Depends what you call a villain.

Someone made a mint on puts and calls, it's now run by an American, has $30bn put aside for legal actions and will end up selling assets on the cheap.

If I was the US opposition I'd call that a result.

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California running out of money (NEXT WEEK !), credit default swaps and other financial weapons of mass destruction

Erm ... all this was/is correct.

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As predicted by people who had experience with large spills in the third world in warm waters.. the bacteria in the ocean would eat the oil quite quickly.

But the corporate/government/media/lawyer fear machine always needs an enemy and imminent disaster to keep going. Its not a coincidence that as global warming died at Copenhagen they had to look for new enemies. They were really hoping Swine Flu would be the next big thing in the fall.. but like Avian Flu before it, it turned out to not be so scary.

Don't worry though they will be busy looking for the next big thing to make everyone afraid. No one watches the media if there isn't some terrible disaster happening that affects us all.

It is a strange lull though, for the moment people actually feel the world isn't in imminent danger. Given time, the people might start getting concerned with things like low wages, the future of their children, their own community.

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I like the way everyone makes out it was never that bad.

It was never going to be a disaster.

Not a single person suggesting maybe it is because BP did a good job with containment and cleanup?

I'm sure Mike / Mega is composing his hymn of praise to BP as we speak.

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Yup, and whilst everyone was distracted Goldman managed to get the fraud charges against themselves lifted for a measly $550 million, a fraction of annual revenues and a tiny proportion of what they ripped out of AIG.

I agree, I can't believe the charges were waived at the cost of a small fine.  Goldman should have been closed down.

This point must never be forgotten.

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Do you really think that had anything to do with the environmental lobby?

There were plenty of links posted on the OT forum to extreme predictions, but I never got the impression that it was do to environmentalists. It just seemed to be the same kind of sensation-seeking that leads to all these YouTube videos we get from fringe economic commentators predicting the imminent breakdown of world civlilisation.

Just the modern day equivalent of the eccentric mad man walking around with a sandwich board saying 'the end of the world is nigh.............'

We just walked past them in the past, nowadays because it is streamed via a video people think the same diatribe is fact :lol:

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Guest sillybear2

I agree, I can't believe the charges were waived at the cost of a small fine. Goldman should have been closed down.

This point must never be forgotten.

I'm not surprised, I said at the start they will get off with a small fine and then it will be business as usual :-

---

"Forget about the blue team v. red team, this is business, the bankers will buy anyone they need to buy"

"GS will fight this in every possible way, they'll want to settle quickly and admit no guilt, they have plenty of funds they've plundered from tax payers in the form of TARP and AIG CDS's, from their point of view paying a fine just involves a small refund.

GS will bribe every congressman to pass a bill formally legalizing fraud before they'd ever go down, they've got their claws in deep, all protection rackets are the same."

"GS own the politicans, they'll settle for a "tough" fine, some SEC bloke will stand up and thump his lectern surrounded by a bunch of lackies in front of the assembled media and talk about "what a brilliant outcome the settlement has achieved, not only have GS admitted absolutely no guilt they have donated $100k to the New York home of wilfully blind bureaucrats and the monkey sanctuary at the zoo. They have also promised to be more careful and considerate in the future, so that they won't be caught again".

"GS don't worry about PR anymore, they're beyond that, if you've just robbed a bank and walk outside to find a group of policemen eager to shake your hand and give you a free ride home how cocky would you feel? Especially when the kindly public servant points out other weak victims and offers to lend you police guns and ammo at discount rates.

It is beyond money and PR now, it's the exercise of raw power thanks to their fifth column within the establishment. Goldman's security is protected by the state, troopers would be more than willing to commit another Kent State massacre in order to keep their government bond trading desk open. The g-men and their hired muscle don't stop to contemplate CDO, or CDS's, nor do they consider that what's good for Goldman is without question bad for America. GS = capitalism, and capitalism = good, even the corrupt crony variety that socialises losses, everything else = commie and bad... m'kay? "

"GS will be fine, all politicians can be bought, they've just upped their price a little and cannot be seen to associate with them publicly, however everyone still gets what they want. There's midterm elections in the US in Novemeber, so there's plenty of time to stuff gold down their throats."

---

Sad but true.

You only need look at O'bummers top campaign contributions to work out who really runs the US government. European governments are shunning Goldman in the government bond markets, we should do the same.

Edited by sillybear2

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  • 259 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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