BP Exec Caught Lying? BP Media Blackout Confirmed By WSDU TV.
Posted by Alexander Higgins - June 13, 2010 at 5:46 am - Permalink - Source via Alexander Higgins Blog
Loading ...BP Executive Doug Suttles has denied claims that BP is keeping the media from interviewing workers of the BP Gulf oil spill cleanup.
A local TV station now has video evidence to the contrary.
The latest news reports seem to indicate that despite Suttles claims, BP is in fact engaging in a media blackout by threatening to fire oil spill clean up workers if they speak to the media.
In fact BP has hired security guards and someone has even instructed the military to prevent media access to the workers and oil spill cleanup operations.
This latest round of reports follows a no fly zone restriction that prevents planes carrying scientists, journalist or media from flying less than 3000 feet over the surface of the Gulf of Mexico.
Such flight zone restrictions would prevent media from seeing oil sheens unless sunlight is reflecting off the oil slicks as well prevent media from locating beached oil or animals in distress.
CNN reports BP denied Wednesday that it has ordered cleanup workers not to talk to reporters.
“Recent media reports have suggested that individuals involved in the cleanup operation have been prohibited from speaking to the media, and this is simply untrue,” BP Chief Operating Officer Doug Suttles said in a letter e-mailed to CNN by a company spokesman.
“BP fully supports and defends all individuals rights to share their personal thoughts and experiences with journalists if they choose.”
He added, “BP has not and will not prevent anyone working in the cleanup operation from sharing his or her own experiences or opinions.”
From sfgate.com
Despite public statements by the US Coast Guard and BP COO Doug Suttles, BP has continued to refuse the media access to clean up sites both on the shore and beaches and offshore.
It is clear from this evidence that while the US Coast Guard and BP continues to claim that there is no media blackout and media restrictions, BP has hired security thugs to enforce a media blockade.
Even more disturbing is the guards trying to restrict the TV crew and reporter on a public beach. Note how the BP security people are explicitly warning workers not to talk to the TV reporter.
If you listen carefully to the video, the security firm’s name was revealed as Talon Security. There are several firms listed as Talon Security and I would like to find out which specific firm BP hired to block media access.
VIDEO: BP SECURITY GUARDS ACTING AS RESTRICTING MEDIA ACCESS CONTRARY TO SUTTLES CLAIMS
COOPER: There is this yellow line up there. And they literally will not get you within 20 to 30 feet, where you can actually get a picture of an oiled bird being brought in.
Why? They say they don’t want to upset the birds, and they don’t want to interfere with workers. But, I mean, I can assure you, one cameraman is a trained professional at CNN, and they’re not going to interfere with workers.
As — as for BP, they have promised transparency on a number of occasions. Most recently was a letter that we just obtained yesterday. It was actually sent out a couple days ago. And, in the letter — it is from BP Doug — COO Doug Suttles — they say — quote — “BP has not and will not prevent anyone working in the cleanup operation from sharing his or her own experiences or opinions with the media.”
That’s from, as I said, BP’s Doug Suttles to company employees and contractors. Now, the “has not” part, that they haven’t done this, is patently false. I mean, that’s a rewriting of history. Many reporters from many news organizations over many weeks have been blocked and stiff-armed and given the silent treatment or told flat- out, BP said we would lose our jobs if we talked.
And this isn’t just one news organization. This has been going on for weeks. As for the “will” not part, that they’re not going to prevent anyone from cooperating with the media, well, maybe not everyone has gotten the memo. We put it to the test today.
Karl’s post suggests this goes beyond the possibility of simply covering for BP, though. While he’s not revealing specifics, he refers to a text message he received from a friend in the cleanup zone:
At first I thought it was because the government was somehow backing for BP, supporting them in their attempt to keep the story from getting out of hand. Now I’m not so sure…
This afternoon I received a text message sent on a borrowed phone from someone who had recently returned form [sic] the cleanup operation. The contents of that message were so mind-numbingly horrific that I cannot publish them here.
I am earnestly attempting to confirm what I was told, and I will be tweeting about my findings on @greendig. If true, it would explain WHY the government won’t let even the New York Times fly over the original site of Deepwater Horizon. And it would also explain why Obama has done a 180 on his policy of government transparency, risking his entire political career by deceiving the American people.
Now Karl is a pretty level-headed blogger. He doesn’t routinely don a tinfoil hat and start writing about undisclosed text messages that appear to be harbingers of doom, or worse. So I’m inclined to take him seriously, and am watching to see if he receives confirmation of what he suspects.
All I can say is this: I hope whatever it is that has him so concerned isn’t related to that munitions dump due west of the Deepwater Horizon. Because it would explain a lot, if it does.
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BP. 2 BP executives sit on the board of BAE, a defence contractor with ties to the US, UK, and the Kingdom of Saudi Arabia(KSA). The second biggest voter in BP is Legal and General Plc. Who has money funneled into it throught an Egyptian bank called CIB. CIB has offices in Kuwait, UAE and KSA. Connect the dots.
The following was courtesy of an anonymous broker on the Yahoo financial boards.
**
I have provided you a list of financial institutions that will have to sell their other assets because of the BP fall-out and bankruptcy, thus causing a huge market sell-off contagion.
Enjoy folks, here’s the list:
1.) WELLINGTON MANAGEMENT COMPANY, LLP 34,841,626 1.11 $1,988,411,595 31-Mar-10
2.) BARROW, HANLEY MEWHINNEY & STRAUSS, INC. 16,700,677 .53 $953,107,636 31-Mar-10
3.) BANK OF AMERICA CORPORATION 13,911,165 .44 $793,910,186 31-Mar-10
4.) STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 13,052,048 .42 $744,880,379 31-Mar-10
5.) PRICE (T.ROWE) ASSOCIATES INC 12,442,139 .40 $710,072,872 31-Mar-10
6.) MORGAN STANLEY 11,224,852 .36 $640,602,303 31-Mar-10
7.) FMR LLC 7,854,986 .25 $448,284,051 31-Mar-10
8.) WELLS FARGO & COMPANY 7,768,541 .25 $443,350,634 31-Mar-10
9.) Tradewinds Global Investors, LLC 7,436,248 .24 $424,386,673 31-Mar-10
10.) GATES (BILL & MELINDA) FOUNDATION 7,133,000 .23 $407,080,310 31-Mar-10
—————————————————– —————————–
Mutual Funds
—————
1.) VANGUARD/WINDSOR II 9,784,515 .31 $549,106,981 31-Jan-10
2.) VANGUARD SPECIALIZED-ENERGY FUND 7,867,800 .25 $441,540,936 31-Jan-10
3.) VANGUARD/WELLINGTON FUND INC. 7,136,000 .23 $379,706,560 28-Feb-10
4.) FIDELITY DIVERSIFIED INTERNATIONAL FUND 6,650,000 .21 $353,846,500 28-Feb-10
5.) PRICE (T.ROWE) EQUITY INCOME FUND 3,698,700 .12 $211,084,809 31-Mar-10
6.) VANGUARD/WELLESLEY INCOME FUND 3,572,300 .11 $207,086,231 31-Dec-09
7.) American Beacon Large Cap Value Fd 2,153,900 .07 $122,923,073 31-Mar-10
8.) FMI LARGE CAP FD 2,146,000 .07 $122,472,220 31-Mar-10
9.) PRICE (T.ROWE) NEW ERA FUND 2,114,473 .07 $120,672,974 31-Mar-10
10) PUTNAM EQUITY INCOME FUND 1,697,000 .05 $90,297,370 28-Feb-10
And this does not include all the hedgfunds that own BP and its debt plus the ETF’s that include BP and its corporate debt.
BP will trigger a sell-off that would put market in double dip or territory.
Its going to get ugly folks and remember this time, there is no saving the banks that fail.
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What’s actually keeping the pressure in the well-head down.
What many who are calling for the removal of British Petroleum and the other rigs from the deep-water Macondo have failed to take into account the following. There still many wells operating in the area of the Macondo. If they were to all stop, the pressures underground will go to the Horizon sub-floor area, due to the salt formations in the Sigsbee escarpment. If all 105 boreholes drilled into the Macondo region were to cease operations, the sub-strata flow paths would alter rapidly. They may have already.
After all, fluids under pressure follow the path of least resistance.
What exactly is the problem ? Horizon’s borehole drilled the Macondo Project. which is not a sub-salt prospect as are other deep-water wells but actually in between allochthonous salt bodies that have not formed a continuous canopy like what exists further west.
An oil prospect in this area is called a Gumbo Zone.
Gumbo Zone is the name given in the Gulf of Mexico to the structural disrupted zone, directly under allochthonous salt, which works as a permeability pathway. Fluid flushing through this zone develops hyper-pressures, in the section immediately below the salt, which create big problems during drilling. The Allochthonous salt layer is overlying part of its overburden, which is a sheet like salt body tectonically emplaced at stratigraphic levels overlying the Autochthonous salt layer. Also, notice the map below, showing the actual representations of the Sigsbee layer in relation to the distance from the deeper sub-strata layers. This is the reason there are so many studies of underwater volcanoes in the Gulf of Mexico. They are playing with pressures that they have only the slightest comprehensions of. They are 35,050′ deep.That’s 6.6382575 miles too close to underground lava flow.
http://mentaljudo.blogspot.com/2010/06/w...
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So who’s going to get the contracts to restore the Gulf coast ?
The Waste Management Corporation. The same Waste Management Corporation that is the largest. They are the owners of the big ubiquitous green dumpsters you see around the world. In fact, type ” Gulf Coast clean-up ” into a search engine , and it’ll likely be the first result. Here are some odd statements from their web-site.
Corporate Office
Address
1001 Fannin, Suite 4000
Houston, Texas 77002
At Waste Management we are committed to the highest level of integrity while we build and nurture a culture of trust. Our security efforts are focused on three areas, which are the essence of corporate security:
* Safeguard our people, our property, our information and our assets
* Partner with our people, our customers and our vendors
* Preserve our reputation and protect shareholder value by supporting the highest standards of ethical conduct
Partner with local community, national law enforcement and emergency management organizations for emergency response plans .
Participate in and support infrastructure protection planning and security initiatives with organizations such as InfraGard and API .
………….Who ?
The groups in question are Infragard ad API. Infragard is made up of private citizens working with the FBI and Homeland Security. Some call it a secret society, but there’s an official website showing it clearly exists. Some sort of Military contractor ?
Here’s the national site of Infragard….
http://www.infragard.net/
…..Wait………..ten minutes ago I was reading about how to clean up oil…
The rest at….
http://mentaljudo.blogspot.com/2010/06/fbi-will-help-out-with-clean-up.html
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ALEXANDER and fellow readers. . .
HERE ARE SOME INTERESTING (OBSCURE) FACTS CONCERNING Corexit 9527
HERE IS A SUMMARY OF SOME FACTS about the FORBIDDING OF USE AND the historical licensee and ownership and CONCERNING THE MANUFACTURE of
Corexit Products..
———————————————————-
As of the end of the first quarter 2010, Goldman Sachs had 188,762 shares of Nalco (NLC) in their portfolio,.having shed 94,672 shares since the Fourth Quarter 2009. In six weeks, they have made a million bucks, a 33 percent increase in market value. They own Nalco bonds as well. Too bad we can’t see their trading activity for NLC during the month of April and May. It would be interesting to see if/how they traded this particular equity from April 1st to present day.
(FROM) http://www.picassodreams.com/picasso_dreams/2010/05/media-ignores-goldman-sachs-ties-to-corexit-dispersant.html
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Here somewhat damning proof that the US knew back in 1979 that the dispersants using Corexit 9527
CURRENT REPORT-JUNE 14, 2010
Here somewhat damning proof that the US knew back in 1979 that the dispersants using Corexit 9527 were dangerous and had an inability to treat weathered oil. Eventually, it was requested Mexico stop using dispersants north of
25 Degrees N.
“Pemex contracted Conair Aviation to spray the chemical dispersant Corexit 9527 on the oil. A total of 493 aerial missions were flown, treating 1,100 square miles of oil slick. Dispersants were not used in the U.S. area of the spill because of the dispersant’s inability to treat weathered oil. Eventually the on-scene coordinator (OSC) requested that Mexico stop using dispersants north of 25°N.[7]”
(FROM) From: http://en.wikipedia.org/wiki/Ixtoc_I_oil_spill
———————————————————-
The company that manufactures the toxic dispersant used, Corexit, is Nalco which is owned in part by Goldman Sachs and Blackstone.
CURRENT REPORT-May 25, 2010 ·
Business Editors
NEW YORK–(BUSINESS WIRE)–Dec 23, 2001
Blackstone, Apollo and Goldman Sachs to Acquire Ondeo Nalco from Suez for $4.2 Billion., December 23, 2001
Business Editors
NEW YORK–(BUSINESS WIRE)–Sept. 4, 2003
A consortium of private equity firms comprised of The Blackstone Group
Blackstone Group L.P. (NYSE: BX) is a prominent private equity and investment management firm founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman.
The company is based in New York City, in River House on Park Avenue at Fifty-first Street, with offices in Atlanta.
Apollo Management Apollo Management L.P. is a private equity L.P. firm, founded in 1990 by Leon Black (Apollo Advisors). Based in New York, it also has offices in Los Angeles and London.
It has invested over $16 billion in companies inside and outside the of the United States. , L.P., and Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world’s largest global investment banks.
Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. Capital Partners (collectively, the “Investor Group”) announced today that it has signed a definitive agreement to acquire Ondeo Nalco (“Nalco”) from Suez S Suez (sez`), city (1996 pop. 417,610), NE Egypt, at the northern end of the Gulf of Suez and at the southern terminus of the Suez Canal. .A. in a transaction valued at $4.2 billion.(1)
Nalco is the world leader in providing water treatment and process chemicals and services to companies in the general industrial, institutional, pulp and paper, and energy sectors. With over 10,000 employees and operations in 130 countries, the Company provides innovative applications and solutions for the water and industrial process needs of over 60,000 customers.
Nalco generated revenues of over $2.6 billion in 2002 and is based in Naperville, IL.
Stephen A. Schwarzman (born 14 February 1947) is the Chairman and co-founder of the Blackstone Group private-equity firm. Early life and education. Schwarzman attended the Abington School District in suburban Philadelphia and graduated from Abington Senior High School.
President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization.
Typically the president of the company, the CEO reports to the Chairman of the Board of The Blackstone Group, said, “We are very pleased to reach an agreement with Suez, with whom we have had a longstanding relationship, to purchase Nalco.
We believe that Nalco is a worldclass company with strong fundamentals and are excited about its future prospects.
As a service business, Nalco has developed a terrific brand and reputation, founded on the hard work of its many talented employees.” Leon Black, Founding Partner of Apollo Management, L.P., stated, “We are very excited to be purchasing Nalco, the premier company in its industry.
We look forward to working in partnership with the investor group and Nalco’s management and employees to assist Nalco in realizing its full potential as a standalone stand·a·lone adj. Self-contained and usually independently operating: a standalone computer terminal. company.”
Richard A. Friedman Richard Alan Friedman, M.D. is Director of Psychopharmacology at the Payne Whitney Psychiatric Clinic and the Weill Cornell Medical College, where is a professor of psychiatry.
The Managing Director and Head of Goldman Sachs’ Principal Investment Area, stated, “We are pleased to be investing in the world’s leading provider of water treatment chemicals and services with an outstanding global platform.
This attractive investment is consistent with our strategy of identifying high-quality companies with leading industry positions. We look forward to growing the Company in partnership with Nalco’s employees, management, and our co-investors.”
The transaction will be funded with approximately $3.2 billion of senior and subordinated debt Subordinated Debt A loan (or security) that ranks below other loans (or securities) with regard to claims on assets or earnings. Also known as “junior security” or “subordinated loan”. financing and the remainder in equity provided by the Investor Group, and is expected to close in the fourth quarter of 2003, subject to customary regulatory approvals. Following the transaction, Nalco will operate as an independent company.
About The Blackstone Group
The Blackstone Group, a private investment bank with offices in New York New York, state, United States, New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and London, was founded in 1985.
The firm has raised a total of approximately $25 billion for alternative asset investing since its formation. Over $14 billion of that has been for private equity investing, including Blackstone Capital Partners IV, the largest institutional private equity fund ever raised at $6.45 billion. In addition to Private Equity Investing, The Blackstone Group’s core businesses are Private Real Estate Investing Real estate investing involves the purchase of real estate for profit. Profits are accumulated slowly by renting out properties in a cashflow method, or are generally improved and resold for a capital gain. , Corporate Debt Investing, Marketable Alternative Asset Management, Mergers and Acquisitions Advisory, and Restructuring and Reorganization Advisory.
About Apollo Management, L.P.
——————————————————————-
Apollo Management, L.P., founded in 1990, is among the most active and successful private investment firms in the U.S. in terms of both number of investment transactions completed and aggregate dollars invested. Since its inception, Apollo has managed the investment of an aggregate of approximately $17 billion in equity capital, including $13 billion invested in corporate transactions, in a wide variety of industries, both domestically and internationally.
About Goldman Sachs Capital Partners
Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of services worldwide to a substantial and diversified diversified (di·ver·s client base that includes corporations, financial institutions, governments and high net worth individuals. Founded in 1869, it is one of the oldest and largest investment banking firms. GS Capital Partners is the current primary investment vehicle of Goldman Sachs for making privately negotiated equity investments. The current GS Capital Partners fund was formed in July 2000 with total committed capital of $5.25 billion, $1.5 billion of which was committed by Goldman Sachs and its employees, with the remainder committed by institutional and individual investors.
(1) Not including certain leases that will be assumed with the transaction.
Private Placement Memo.
Custom PPM Document Set 62 Templates.Easy to Edit.ONLY $149
LegalFairy.com/
(FROM) http://justinwrites.wordpress.com/2010/05/25/the-company-that-manufactures-the-toxic-dispersant-used-corexit-is-nalco-which-is-owned-in-part-by-goldman-sachs-and-blackstone/
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3:30am Update BOP/ live spill scene: The volume of emmissions bursting from the so-called pipe has breached epic proportions. Now fills up the entire screen with furiously roiling, billowing black pollution.
Do they have another Hollywood version they show during the daylight, primetime viewing hours to disguise the extent of this atrocious calamity?
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BP Hires Goldman, Blackstone
Published: Monday, 14 Jun 2010 | 6:10 PM ET http://www.cnbc.com/id/37694706
BP has hired investment banks Blackstone Group , Goldman Sachs Group and Credit Suisse Group as advisers in the wake of its massive oil spill in the Gulf of Mexico, according to a source familiar with the matter. BP hired investment banks in the wake of the Gulf coast oil spill.
BP spokesman Tony Odone said the company had “no comment on who our advisers are and what their role is.”
Odone also said there was no truth to a previous report that the company had hired banks with a mandate to defend it from unwanted takeover attempts.
The company has lost more than 40 percent of its market value since the explosion of the Deepwater Horizon rig that led to the oil spill. It has eclipsed the Exxon Valdez disaster as the worst U.S. oil spill.
There has been wild speculation about how the company will deal with the potentially huge liabilities arising from the spill. Analysts and investment bankers have suggested that the company could sell assets if necessary or even become a takeover target.
Some media reports, including one in the New York Times, have even suggested bankruptcy as a worst-case scenario for the British oil company.
The source did not specify what the role will be for the banks. Investment bankers generally advise companies on corporate strategy including mergers and acquisitions and financings.
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[...] produced by company with close ties? Dispersant blowing onto nearby farms, suspected of crop damage BP Exec – media blackout confirmation BP Restricts media access to beach and workers despite admin [...]
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[...] This revelation has set off a wave of indignation over the media blackout and a surge in accusations that the full scale of BP’s coverup of the [...]
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[...] day one as has the Obama Administration. IF it’s really all set down there, why does there remain a media blackout? If this supposed hole is plugged, what about all of the reports of multiple leaks not the just one [...]
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[...] the rest of this great post here Comments (0) Posted in BP News [...]
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