Bay of Rigs Scandal Leaking: Dispersants are Where the Money Is

Bay of Rigs didn't begin leaking at the time of the oil spill. It goes all the way back to releasing the Lockerbie terrorist who was said to be dying. Could the oil perpetually abiding in our beautiful Gulf of Mexico be lingering because dispersants are where the money is, even though they seem not to be working? Wait till you hear who owns the company making the chemicals being dumped into our waters.

Oil in Plaquemines, LA Marshlands

Here's the story on a fast  track. Pan Am 103 exploded over Lockerbie Scotland on December 21, 1988. Everyone aboard died - all 270, 180 Americans. Libyan Abdelbaset Ali Mohmed al-Megrahi was convicted of planting the bomb and sentenced to life in prison.

BP and its employees donate $77,051.00 to the Obama campaign, and a couple of million to Democrats.

The bomber spent about 20 years of a life sentence in a Scottish prison.  After a controversial terminal prostate cancer diagnosis, he was sent back to Libya. Physicians said he had only three months to live.

That was August 20th 2009. He's still alive today. Many rumors about the real story, including the part the U.S. played.

August 15, 2009:

The release of the Lockerbie bomber from prison would liberate Britain’s largest industrial company from a string of problems hampering its $900 million (£546 million) Libyan gas projects, industry sources claimed last night.

BP, the oil giant, signed a deal with Libya in 2007 to explore for gas in the west of the country and offshore. But since then it has faced a string of bureaucratic obstacles, including delays securing official permits and approvals to import equipment through Libyan customs, the sources said.

Obama didn't make much noise about Scotland releasing the bomber. He asked Libya not to have a big celebration on camera. They did it anyway.

September 2009:

The State Department notified lawmakers earlier this month of its intent to disburse $2.5 million in economic aid to Libya, including $400,000 for Qaddafi’s foundations. Of the $400,000  half will go to a foundation run by the leader’s son, Saif, and the other half to one run by his daughter, Aisha.

Republicans shut-down the $2.5 million Obama-Hillary Libyan scam.

In September 2009 the economic crisis still rages, "while government deficits are artificially showing quarterly GDP growth or stability after the free fall in Q1 of 2009, consumer spending is contracting due to massive unemployment and stagnation or reduction in real wages." The economic crisis still rages. And Hillary and Obama want to give Libya millions.

March 2010: BP CEO Tony Hayward sold 223,288 shares of his BP stock - approximately one-third of his holding. That timely sale saved him about $619,000 when BP stock plunged after the spill. Lucky guy. Reportedly he paid off the mortgage on his "mansion."

Fast forward to the BP Gulf oil spill, April 2010.

The Post and Mail Rig-Gate - Bay of Rigs - Industry giants own the dispersants, including Al Gore, George Soros, Goldman Sachs and Warren Buffet - and is connected to the University of Chicago:

The real money is in the use of dispersements. There is a company called purchased NALCO. 

NALCO is based in Chicago with subsidiaries in Brazil, Russia, India, China and Indonesia.

NALCO is associated with the University of Chicago Argonne program. The Obamas both worked for the University of Chicago.  UChicago Argonne received $164,000,000 in stimulus funds this past year and just added two new executives to its roster: one from NALCO, the other from the Department of Education.

If you dig a little deeper you will find NALCO is also associated with Warren Buffett, Maurice Strong, Al Gore, Soros, Appollo, Blackstone, Goldman Sachs, Hathaway Berkshire.

Warren Buffet/Hathaway Berkshire increased their holding in NALCO just last November. (Timing is everything). The dispersant chemical is known as Corexit. What it does is hold the oil below the water's surface. It is supposed to break up the spill into smaller pools. 

It is toxic and banned in Europe. NALCO says they are using older and newer versions of Corexit in the Gulf. (Why would you need a newer version, if the old one was fine?)

There are big money and even bigger players in this scam. While they are letting the oil blow wide open into the Gulf, the stakes and profit rise. 

The dolphins, whales, manatees, sea turtles and fish suffocate and die. The coastal regions, salt marshes, tourist attractions and the shore front properties are being destroyed, possibly permanently. The air quality is diminished. The Gulf of Mexico fishing industry is decimated.

The stock of Corexit 9500 took an 18 percent jump after its use became public. Rodney F. Chase, former Deputy Group Chief Executive of BP is on the NALCO board of directors.

The moratorium on drilling was put in place. Our deep water rigs will move out of the Gulf. We can't stop it. We might not have the rigs back for years according to Obama's own panel of experts, who recommended we do not stop drilling.

Earlier this month, PowerLine talked about Obama's visit to Grand Isle, Louisiana:

The AP story...includes this vignette:

On Obama's trip to the Grand Isle on the Louisiana coast, his motorcade passed a building adorned with his portrait reminiscent of posters of him during his presidential campaign. Instead of "hope" or "change," the words "what now?" were on his forehead.

...the AP didn't mention the Jindal for President sign 

This administration makes Watergate look like your kids birthday party. Follow the money to Obama's Bay of Rigs. (Sojourner, a reader at Maggie's Notebook left a tip in comments about this story - as I've said before, I love my readers.) Check out this blog talking about the fines BP will be hit with through the Clean Water Act, and why dispersants have been so handy for them. If the oil is "dispersed" it can't be counted.

Photo credit Ted Jackson/The Times-Picayune

Related and Background:

Did BP Secure Abdelbaset Ali Mohamed al-Megrahi Release: States Investigate Lockerbie Bomber

Saif al-Islam is Muammar Ghaddaffis Son Megrahi Lockerbie Bomber Release Deal?


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Project Camelot Productions - Thank You to Kerry Cassidy's Blog

Warren Buffet Second Stimulus: Buffet $787 Billion not Enough

Warren Buffet thinks Stimulus No. 1 was like half a viagra tablet mixed with candy. Strange way to describe $787 billion of taxpayers money. Buffet contends that $787 billion was not enough money to fix anything [my paraphrase] but some more money will fix everything. Buffet is in favor of a second stimulus. The problem with the first stimulus was that politicians took care of their "constituents," he said, rather than wisely allocating the money - that unprecedented huge sum of money - $787 billion.

Warren Buffet

For some reason, the Oracle of Omaha, and the head of mammoth Berkshire-Hathaway, Inc., Warren Buffet, thinks that throwing some more taxpayer money down the spider hole will result in something positive. With Congress talking about another $50 billion - only - how will that small influx fix what $787 billion cannot? The latest from the Department of Labor Statistics as of July 2, 2009 reports another 467,000 jobs lost in June. How do you like that stimulus now? Created to create jobs - it has not worked and of course, it could not because all the high-priced watch dogs, including Joe Biden, being paid by the administration to track the money, don't even know where to start. It's the perfect Obamaism:

You created a situation where you cannot be wrong," said the Montana Democrat [Max Baucus]. "If the economy loses two million jobs over the next few years, you can say yes, but it would've lost 5.5 million jobs. If we create a million jobs, you can say, well, it would have lost 2.5 million jobs. You've given yourself complete leverage where you cannot be wrong, because you can take any scenario and make yourself look correct."

And the Wall Street Journal says in the same article linked above:

Now, something's wrong when the president invokes a formula that makes it impossible for him to be wrong and it goes largely unchallenged. It's true that almost any government spending will create some jobs and save others. But as Milton Friedman once pointed out, that doesn't tell you much: The government, after all, can create jobs by hiring people to dig holes and fill them in.

In late June we were told that 21,000 highway and transit jobs have been created since May 31. Yesterday we learned that most highway work consisted of replacing asphalt facings. Buying stock in asphalt might have been a good thing. But consider this:

The $27.5 billion for road-building in the stimulus package will not replace the private-sector work that many of the participants lost last year, when high oil prices dealt a double blow to the industry.

The State of New York is spending $9 million of its $74 million stimulus for "a thin layer of asphalt to resurface roads. Senator Chuck Schumer says this work will both create and retain jobs, but all of the projects are scheduled to be completed by Fall. But then what? Oh, but look at this. In Ohio, 14,200 jobs will go to teens and young adults for stimulus-funded highway projects. Business Week says that the Ohio unemployment rate has risen to 10.8 percent but summer jobs. The summer jobs program will put "young workers" to work in parks, community colleges, hospitals and public schools. Sounds like government jobs to me. Fast-food restaurants can't catch a break and those "help wanted" signs will remain in the window because all the kids will be working on the highways in Ohio. But then what? The truth is most jobs growth is in temporary government jobs. We need to remind ourselves that the government does not "make" money, they only "receive" money from you and me, and then redistribute it, in the case of the stimulus, through government jobs. So the Oracle of Omaha, Warren Buffet, doesn't really know much more than you or I. He apologized to his multi-billion dollar investors recently and told them he made some mistakes on their behalf. So how does he justify a second stimulus, which no one wants and which, if it should happen will be many billions less than the the first? The number being floated is $50 billion for Stimulus No. 2. What is it that $50 billion can add? What is it that $50 billion can create that the $787 billion cannot create, still yet today. The answer is "nothing." While Obama recently said "the stimulus has done its job" (can you believe he said that???) Rep. Mike Pence (R-Ind) said "the only thing the stimulus plan has stimulated is more government and more debt." What is true (using an Obamism here) is that if Buffet thinks politicians considered their "constituents" wishes to a fault, why would they not do the same again? And which Congressman's "constituents" are more worthy than others?