Oil Spill in the Gulf

Goldman Sachs: The Pirates of Poison in the Gulf

July 1, 2010

Michael Edwards - Illinois-based Nalco Corporation is responsible for the Corexit 9500 chemical dispersant highlighted by experts as being 4 times more toxic than the oil that is flowing into the Gulf. Scientists in congressional hearings added that the dispersant is more toxic than other similar dispersant on the market. Naturally, whenever a major disaster takes place — especially when major, society-altering solutions are being offered — one needs to follow the trail of money and power to see who benefits. Sure enough, a casual search of Nalco’s Web site reveals their company history; it leads right to the doorstep of Goldman Sachs.

Nalco seems to have started in 1928 Chicago and became immediately involved in both the oil industry and water treatment facilities. 1982 seems to have been a massive turning point for the company as their Web site states, “ORS-419 is used in the tires of the Space Shuttle Columbia. The Nalco product is the only non-silicone product of its type on the market approved by the space shuttle tire’s manufacturer.” Thereafter, things really seem to have taken off as shown here:

1983: Nalco breaks ground for a new 300,000-square-foot trio of headquarters buildings in Naperville, representing an investment totaling $90 million.

1984: Nalco introduces the PORTA-FEED® reusable container system, the most advanced liquid chemical handling system yet introduced.

1985: Nalco leads the chemical industry in the development of CAER (Community Awareness and Emergency Response), a forerunner of the Emergency Planning and Community Right-to-Know Act of 1986 and the CMA Responsible Care® initiative.

1986: Nalco consolidates groups from the Energy Chemicals Division and Oil Field Services Division to form a new Petroleum Chemicals Division to be headquartered in Sugar Land. The new Petroleum Chemicals Division will include Visco Chemicals, Refinery Process Chemicals, Additives, Adomite Chemicals and Gas and Oil Handling Chemicals Groups.

1989: Sales top $1 billion.

Then, in 1994 Nalco joined forces with Exxon Chemical to announce the formation of a new alliance “Nalco/Exxon Energy Chemicals, L.P. to provide products and services to all facets of the petroleum and natural gas industries.”

Another name change occurred in 2001 when the company became Ondeo Nalco. Finally, in 2003, we learn who has taken the reins to lead us into the present. As their site states: “The Blackstone Group, Apollo Management L. P. and Goldman Sachs Capital Partners buy Ondeo Nalco.”

Global sales now exceed $4 billion and the Gulf cleanup is in the hands of a group of corporate pals who have brought us such fine moments of humanity such as Blackstone’s “locust capitalism” hostile takeover binge which triggered a major political backlash in Germany and elsewhere, and the newly proposed austerity measures coming to America. Apollo Management is in the Wall Street Journal’s Who’s Who in Private Equity with the very human investment strategies of leveraged and distressed buyouts and debt investments — investments now top $37 billion. And, by now, Goldman Sachs’s reputation precedes itself as having engineered the housing crash and exacerbating a financial meltdown in Greece and across Europe.

Yet, Goldman Sachs is far too gluttonous a creature to be happy with administering the profits from the physical fallout of the Gulf disaster. The kings of the carbon market — yes, that market that trades nothing but air — have not been having an easy time of it pushing man-made global warming. In the Gulf, however, they have their cohort, Barack Obama, well positioned to steer the pirate ship back on course. It was Obama who helped fund the carbon program from its inception after all. Right on cue, Obama’s e-mail campaign is launched to exploit suffering at the behest of his corporate controllers.

We are living in a full-blown international corporate command and control system where even the most basic rescue efforts are in the hands of proven pirates. It also has become clear that the pirate flotilla is owned by Goldman Sachs . . . and the president of the United States is the captain.

Obama Wants the Oil Spill Crisis to Get Worse

July 1, 2010

Prison Planet.com - Why has President Obama waited over two months into the BP oil spill crisis before accepting offers of international assistance that were there from the very start, seemingly waiting for hurricanes to hit the region which will only make the crisis worse?

Obama’s acceptance of international help is too little, too late – over two months late to be exact.

We now learn that he is starting the process of allowing international help, a process that will take weeks or months and will likely be strangled and restricted by the EPA anyway.

Foreign ships have been prevented from helping in the clean up process. Every effort has been made to stop outside involvement in the situation and almost everything we learn about the crisis comes directly from BP or the federal government. This strictly enforced cover-up shows that authorities are more concerned about protecting their information lock down than actually cleaning up the spill.

Obama initially blocked international help, citing the Jones Act, which forbids foreign ships from operating between U.S. ports, and thereby preventing the use of sophisticated technology which foreign firms insist could have sealed the leak.

The Jones Act can be waived in in cases of national emergencies or in cases of strategic interest. Belgian company DEME contends that it has the specialist vessels to fix the oil leak within two to four months, technology the U.S. does not have. By taking bids on a contract to fix the oil leak from international companies, Obama could have the problem solved within a matter of weeks, but he immediately refused the help of “thirteen entities that had offered the U.S. oil spill assistance within about two weeks of the Horizon rig explosion.” This is another clear example of the government’s motivation to allow the crisis to drag on indefinitely until they can use it to ram through their carbon tax agenda.

Obama’s two month delay in refusing international help ensured that the window of opportunity was missed to fix the leak before the start of the hurricane season, which will make the crisis immeasurably worse.

“Hurricane Alex, which strengthened overnight from a tropical storm, is heading for the coastline near the Texas-Mexico border and is starting to churn oil from the massive BP spill on to beaches along the Gulf of Mexico,” reports MarketWatch.

Why did Obama reject all the help he could get unless the federal government wants the crisis to get worse so it can exploit the hysteria surrounding the issue to push its ultimate goal of imposing a consumption tax on the American people?

How will imposing a carbon tax fix the oil spill? It won’t, but by exploiting the crisis in the name of ‘reducing our dependence on oil’, the government will seek to raise prices, much to the glee of companies like BP who are founding members of the cap and trade lobby. Reducing your dependence on oil means reducing your ability to fill your tank because it will be so much more expensive once the carbon tax is in place.

Indeed, BP has been a faithful supporter of John Kerry’s climate legislation because the company has “explicitly backed” a “higher gas tax”. If Obama is able to exploit the oil spill to ram through his cap and trade program, BP stands to profit to the tune of billions. Allowing the crisis to worsen in pursuit of this goal is mutually beneficial to both the Obama administration and British Petroleum.

Obama has now indicated that he will push for cap and trade to be added to a weaker energy bill after the mid-term elections in November. Every week that the oil spill crisis drags on, Obama’s political capital for the purpose of pushing a carbon tax increases.

The government has every interest in seeing the crisis worsen, not merely to justify cap and trade but also to mothball plans for new exploratory oil drilling in the Arctic, something to which the administration had never wanted to fully commit. As a result of the oil spill, which every action of the federal government has made worse, that drilling has now been postponed.

As we have documented, every action on behalf of the feds has been about delaying and hampering the response to the oil spill. This, allied to the abundant evidence of deliberate negligence and even sabotage of the oil well, makes it clear to any rational observer that it’s in the best interests of both BP and the federal government to let the crisis roll on indefinitely.