Conspiracy Corner: Goldman Sachs, Carbon Credits, and the BP oil spill.

Ok.. I'm not generally one who is given to conspiracy theories, but I've found one that's has, even me, saying "WTF!!".

We all know how this BP oil spill on the southern coast has proven to be extremely difficult to contain. Failure after failure has been the result and now this final attempt to cut the well-head pipe has resulted in the saw getting stuck.

The environmental fallout is seen as a catastrophe that rivals Katrina in it's potential for devastating the fishing industry and sullying any number of gulf coast beaches. In an attempt to contain the spreading oil slick, they have sprayed dispersing chemicals (very toxic in their own right), and attempted to use booms and skimmers to contain and collect the slick.

But there is a conspiracy theory that is starting to go viral regarding the entire event. I'm not going to suggest that I subscribe to this theory, but it raises questions that deserve to be answered.

Let me start here.. A report that Goldman Sachs sold over 4 million shares of British Petroleum in the 1st quarter of this year:

According to regulatory filings, RawStory.com has found that Goldman Sachs sold 4,680,822 shares of BP in the first quarter of 2010. Goldman's sales were the largest of any firm during that time. Goldman would have pocketed slightly more than $266 million if their holdings were sold at the average price of BP's stock during the quarter.

If Goldman had sold these shares today, their investment would have lost 36 percent its value, or $96 million. The share sales represented 44 percent of Goldman's holdings -- meaning that Goldman's remaining holdings have still lost tens of millions in value.

Goldman Sachs big oil "spill"

How convenient!! How fortuitous for the company that had 100 STRAIGHT DAYS of trading profits (which means, for 100 days, anyone that traded against them lost). How fortuitous for a company that's banking serious cash using High Frequency Trading (recall that, reportedly, these HFT systems were turned off during the "Flash Crash" that led to a 1000 point drop in the DOW.

GS, the "Vampire Squid"?

According to a SEC filing released earlier today, Goldman Sach Group Inc.'s traders made a total of $9.74 BILLION in net revenues in Q1/2010. This number works out to a total of 76% of the company's first quarter revenues.

An even more incredible number - of the 63 trading days in Q1/2010, the traders at Goldman Sachs did not have even ONE losing day.

That's right - Goldman Sachs hit .1000 in the first quarter. This stunning result doesn't exactly help the firm remove the perception that the markets are rigged by and for Goldman Sachs.

Of the 63 trading days in Q1, Goldman Sachs reported profits of over $100 million in 35 of them. So, the traders at Goldman Sachs managed to rake in over $100 million for the firm in over half of the days in Q1/2010.

The Gold Sach Profit Machine.

Not a single losing day for GS in 1st Quarter 2010.

Ok.. so now we see the foundation of the the financial conspiracy. GS sells BP.. BP has a terrible accident that STILL DEFIES EXPLANATION, and now we find out it may be August before the spill is contained. It's a disaster!! A catastrophe!! It's ruining Obama's opinion poll numbers!!

Heck, even Thomas Friedman, is becoming hysterical, sitting in his energy gulping, Bethesda, MD mansion, declaring that the BP oil spill is Obama's "9/11":

No, the gulf oil spill is not Obama’s Katrina. It’s his 9/11 — and it is disappointing to see him making the same mistake George W. Bush made with his 9/11. Sept. 11, 2001, was one of those rare seismic events that create the possibility to energize the country to do something really important and lasting that is too hard to do in normal times."

BP disaster is Obama's 9/11.

Now what kind of "Lemonade" could Obama possibly make from this box of sour citrus?

How about shutting down all offshore drilling in the Gulf, a major political issue for the more environmentally minded liberals?

How about getting that darn "Cap & Trade" legislation passed? This BP event has the potential for re-instilling some serious "mojo" into the Carbon Tax concept re-energizing the idea that we need a Carbon tax to force us to use alternatives to hydrocarbons

Goldman Sachs is a founding member of the "Green Exchange"

Big Money to be made in trading Carbon Credits!! And with their demonstrated expertise in going for an entire quarter without a loss suggests they want to rig the Carbon markets too!!

Now.. did you listen to Obama's speech this afternoon? It was vehemently political, blaming Republicans for obstructing all manner of policy initiatives put forth by Obama's administration, including Carbon Credits:

And the time has come to aggressively accelerate that transition. The time has come, once and for all, for this nation to fully embrace a clean energy future. (Applause.) Now, that means continuing our unprecedented effort to make everything from our homes and businesses to our cars and trucks more energy-efficient. It means tapping into our natural gas reserves, and moving ahead with our plan to expand our nation’s fleet of nuclear power plants. It means rolling back billions of dollars of tax breaks to oil companies so we can prioritize investments in clean energy research and development.

But the only way the transition to clean energy will ultimately succeed is if the private sector is fully invested in this future -- if capital comes off the sidelines and the ingenuity of our entrepreneurs is unleashed. And the only way to do that is by finally putting a price on carbon pollution.

Obama June 2, 2010 speech at Carnegie Mellon

And who's to set that price for "Carbon Pollution".. Why Goldman Sachs, of course!!

So there's the financial foundation for the BP conspiracy.

But wait.. There's another tangent to this BP oil conspiracy. Some have asked the question as to why it's taken so long to FINALLY figure out a NATURAL MEANS of dispersing and eliminating these millions of barrels of Hydrocarbons spewing from ocean floor? They've spread dispersing agents, which are just as toxic as the oil itself, but ONLY NOW are we seeing commentary about using PROVEN natural microbes that feast on hydrocarbons. In fact, these microbes evolved in response to NATURE'S own little oil spills, which have occurred over the eons.

Watch this video.. as tens of thousands of other people have, and ask yourself why this technology wasn't deployed immediately?

Oil Eating Microbes could mitigate much of the damage to the Gulf oil spill

Yes indeed... Why weren't oil consuming microbes immediately deployed to consume the oil spewing from that well? Especially since these microbes would then recycle that oil back into the marine food chain, serving the purpose for which nature evolved them?

Nature has dealt with oil leakages for Billions of years and we think we can do a better job?

Scrutinizer