Goldman Sachs Reveals it Shorted Gulf of Mexic0

 

NEW YORK (The Borowitz Report) - In what is looming as another public relations predicament for Goldman Sachs, the banking giant admitted today that it made "a substantial financial bet against the Gulf of Mexico" one day before the sinking of an oil rig in that body of water.

The new revelations came to light after government investigators turned up new emails from Goldman employee Fabrice "Fabulous Fab" Tourre in which he bragged to a girlfriend that the firm was taking a "big short" position on the Gulf. "One oil rig goes down and we're going to be rolling in dough," Mr. Tourre wrote in one email. "Suck it, fishies and birdies!"

 

The news about Goldman's bet against the Gulf comes on the heels of embarrassing revelations that the firm had taken a short position on the housing bubble, profiting from economic collapse followed by more billions in government bailout support that paid out a couple billion in bonuses to thousands of loyal Goldman "officers" (corporate stakeholders).

 

We shouldn't be surprised.  The owners of Goldman Sachs are the same Rothchilds co-owners of the privately held Federal Reserve Banking System, and they know how to play this game.  Watch how Congress capitulates to Wall Street losses that the lap-dog press attributes to "bankster bashing".

  

More here.

--------- 2nd article:

From: Pat Rylance

Sent: Saturday, May 01, 2010 2:53 PM

I just got this from an email friend in Florida moments ago.

- Pat

Subject: George Ure's Urban Survival.com / oil rig - WE ARE SCREWEDDate: Sat, 1 May 2010 15:34:25 -0400

THE OIL MESS

12 days into the oil rig 'accident' events continue to evolve and weather is slowing down efforts to contain things, we have two interesting items to report that are not in the MSM yet...OK, three then.

  

1.   We have heard that a supply ship arrived just before the explosions and it was reported to be 'manned by all new people, nobody aboard was from the 'usual supply crew'.  This purported industry source continues:  there were a total of 14 explosions and these could have been cutting charges.  Moreover, the shut off valve below the surface (5000 feet down) on the seabed is not longer controllable.  Still, lots of disinfo and speculation scampering around the netosphere.  While this is bad, it gets worse.

   

2.  A reader who is an engineer of considerable experience says watch this one evolve carefully because it is destined to continue to grow and he shares this long (but worthy explanation why:

"Heard your mention of the oil disaster in the Gulf of Mexico this morning, and you (and most everyone else except maybe George Noory) are totally missing the boat on how big and bad of a disaster this is.

 

First fact, the original estimate was about 5,000 gallons of oil a day spilling into the ocean. Now they're saying 200,000 gallons a day. That's over a million gallons of crude oil a week!

 

I'm engineer with 25 years of experience. I've worked on some big projects with big machines. Maybe that's why this mess is so clear to me.

 

First, the BP platform was drilling for what they call deep oil. They go out where the ocean is about 5,000 feet deep and drill another 30,000 feet into the crust of the earth. This it right on the edge of what human technology can do. Well, this time they hit a pocket of oil at such high pressure that it burst all of their safety valves all the way up to the drilling rig and then caused the rig to explode and sink. Take a moment to grasp the import of that. The pressure behind this oil is so high that it destroyed the maximum effort of human science to contain it.

 

When the rig sank it flipped over and landed on top of the drill hole some 5,000 feet under the ocean.

 

Now they've got a hole in the ocean floor, 5,000 feet down with a wrecked oil drilling rig sitting on top of is spewing 200,000 barrels of oil a day into the ocean. Take a moment and consider that, will you!

 

First they have to get the oil rig off the hole to get at it in order to try to cap it. Do you know the level of effort it will take to move that wrecked oil rig, sitting under 5,000 feet of water? That operation alone would take years and hundreds of millions to accomplish. Then, how do you cap that hole in the muddy ocean floor? There just is no way. No way.

 

The only piece of human technology that might address this is a nuclear bomb. I'm not kidding. If they put a nuke down there in the right spot it might seal up the hole. [Or it might blow it wide open - CR]

  

If we can't cap that hole that oil is going to destroy the oceans of the world. It only takes one quart of motor oil to make 250,000 gallons of ocean water toxic to wildlife. Are you starting to get the magnitude of this?

  

We're so used to our politicians creating false crises to forward their criminal agendas that we aren't recognizing that we're staring straight into possibly the greatest disaster mankind will ever see. Imagine what happens if that oil keeps flowing until it destroys all life in the oceans of this planet. Who knows how big of a reservoir of oil is down there.

  

Not to mention that the oceans are critical to maintaining the proper oxygen level in the atmosphere for human life.

  

We're humped. Unless God steps in and fixes this. No human can. You can be sure of that.

3.  The third thing to bring attention to is the predictive linguistics discussion of the 'blue flue" in the latest Shape of Things to Come report of what's ahead for the world's oceans.  In particular, what strikes me is that while some of the focus is on the possibility of methane hydrate releases later in the year, the spelling in the report is 'flue' (and in upward conveyance, not 'flu' and is sickness per se).

"This [big clue methane related] incident then goes onto cause a [big stink] within TPTB [minion class] {ed note: most notably the CFR - Council on Foreign Relations}.  Not only are humans and other life directly impacted by the large [clouds of drifting complex methane housing gas] but the mere [release] of the quantity to be seen causes the TPTB and their [minion class] to go [apeshit] trying to [locate (a believable) scenario] to explain the [blue flue events(s)].

  

I'll grant you that the methane and oil gurgling out of the Gulf of Mexico (GOM) right now is not methanehydrate but rather compressed methane, but around here, that's close enough especially when the 'blue flue' to the surface has been destroyed.,  Curious how just a little spelling like this can tip us off that we've got something of a serious hit developing.

   

The latest trajectory map out of NOAA which should be updated over the weekend looks like this....in a word: Grim...

 

 

We hear - again from people who are reliable sources, but who we won't name in order to keep them from getting fired, is that there are a couple of parishes (county equivalents) in Louisiana which are preparing evacuation plans because people are being made sick by the smell of the oil and gas being blown onshore.

   

Looking ahead to Sunday through Tuesday, we'd expect as this grows that there will be emergency operation centers set up and some moving of people to begin, which would then feed in to the Diaspora meta data layer of Cliff's work.

   

Not to be glum, but you can see most likely how this all starts to tie together?

  

We will be topping off our 'investment grade diesel reserves" and getting our additional solar panels ordered this week, so as to hit the next level of energy independence before the global impacts come into focus over the next month or two.

   

You may wish to do so, as well...

   

Terrible way to score a bot hit [predictive web bots explained at www.UrbanSurvival.com -CR], but that's how this stuff works, so now we need to deal with it.

   

Impacts at the Pump

If you look at a chart of oil prices, you'll see that although oil was down around $81.30 on Wednesday early in the session, it was up to $86 and change on Friday.  This is a pretty hefty move: On the order of 5.7% and if it continues,  you can bet there will be follow-up at the gas pump.

   

If you click over to the Triple A fuel gauge report (a site you may wish to bookmark for future reference), you'll see that the price of fuel at the wholesale and crude levels have increased faster than retail so it may not be unreasonable to crank an addition several percent into the family budget for auto expenses over summer.

  

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Related item from www.UrbanSurvival.com

Proof!  Slapstick Government

 

I trust you’re using these as postage, right?

  

These have been out just over a year, but there’s a wide enough range of expression (emotional intonations) that I've got them on my shopping list again.  If you lead a laid-back lifestyle, you can match the facial expressions to where your letters are going.