BP In Bed With Obama

On 07.15.10, in Gulf Oil Spill, by Sad Hill

UPDATE (03.20.2011): Another Gulf Oil Spill Near Deepwater Drilling Site – W&T’s Matterhorn SeaStar: HERE

Loads of BP stock were dumped just prior to the Gulf oil spill. Apparently Obama and BP’s CEO had the “miraculous” foresight to get out of their BP holdings in the nick of time:

(Stream) “According to this FSB report the largest seller of BP stock in the weeks before this disaster occurred was the American investment company known as Vanguard who through two of their financial arms (Vanguard Windsor II Investor and Vanguard Windsor Investor) unloaded over 1.5 million shares of BP stock saving their investors hundreds of millions of dollars, chief among them President Obama.”

“For though little known by the American people, their President Obama holds all of his wealth in just two Vanguard funds, Vanguard 500 Index Fund where he has 3 accounts and the Vanguard FTSE Social Index Fund where he holds another 3 accounts, all six of which the FSB estimates will earn Obama nearly $8.5 million a year and which over 10 years will equal the staggering sum of $85 million.”

It gets better.

“The FSB further estimates in this report that through Obama’s 3 accounts in the Vanguard 500 Index Fund he stands to make another $100 million over the next 10 years as their largest stock holding is in the energy giant Exxon Mobil they believe will eventually acquire BP and all of their assets for what will be essentially a “rock bottom” price and which very predictably BP has hired Goldman Sachs to advise them on.”

Investors selling chart: HERE

Meanwhile Obama is underwriting foreign offshore drilling:

(WSJ) The U.S. is going to lend billions of dollars to Brazil’s state-owned oil company, Petrobras, to finance exploration of the huge offshore discovery in Brazil’s Tupi oil field in the Santos Basin near Rio de Janeiro. Brazil’s planning minister confirmed that White House National Security Adviser James Jones met this month with Brazilian officials to talk about the loan.”

“The U.S. Export-Import Bank tells us it has issued a “preliminary commitment” letter to Petrobras in the amount of $2 billion and has discussed with Brazil the possibility of increasing that amount. Ex-Im Bank says it has not decided whether the money will come in the form of a direct loan or loan guarantees. Either way, this corporate foreign aid may strike some readers as odd, given that the U.S. Treasury seems desperate for cash and Petrobras is one of the largest corporations in the Americas.”

Previous related reports from Sad Hill News: HERE and HERE

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39 Responses to BP In Bed With Obama

  1. [...] dare mainstream media report on left-wing groups upset with Obama. Sad Hill News reported on the Obama-BP connection back in July: [...]

  2. [...] 12, 2010. When the final tallies came in, the quake killed at least 230,000 people. Numerous aftershocks and the inevitable diseases that followed took even more lives and continue today. Around three [...]

  3. [...] scenes reminiscent of the FlashForward drama series, state wildlife employees were searching the town of Beebe after scores of birds fell to the ground [...]

  4. [...] of ‘oil’, remember Obama dumping BP stock weeks before the Gulf oil spill? Remember when Obama pals Warren Buffet and George Soros started [...]

    • Anonymous says:

      So you actually believe Obama and Vangaurd and Goldman Sachs had a premonition that the oil well was going to explode two weeks before it happened? Amazing.

  5. [...] of ‘oil’, remember Obama dumping BP stock weeks before the Gulf oil spill? Remember when Obama pals Warren Buffet and George Soros started [...]

  6. [...] of ‘oil’, remember Obama dumping BP stock weeks before the Gulf oil spill? Remember when Obama pals Warren Buffet and George Soros started [...]

  7. [...] George W. Bush was mostly attacked for wanting to drill too much (or being “cozy” with the oil industry), while President Obama’s policies are rooted in unilaterally shutting [...]

  8. [...] dumps BP holdings weeks before the Gulf oil [...]

  9. [...] Brother hides BP oil spill in the gulf. Kinda. Move along sir, nothing to see [...]

  10. [...] dumps BP holdings weeks before last year’s Gulf oil [...]

  11. Another Gulf Oil Spill Near Deepwater Drilling Site – W&T’s Matterhorn SeaStar says:

    [...] dumps BP holdings weeks before last year’s Gulf oil [...]

  12. [...] dumps BP holdings weeks before last year’s Gulf oil [...]

  13. [...] Correction: ‘As president I promise to use billions of taxpayer dollars to fund George Soros, Petrobras, globalization and my Vanguard holdings‘. [...]

  14. [...] Obama’s BP holdings sold just weeks before the Gulf oil spill, then underwrites foreign offshore drilling: HERE [...]

  15. [...] would take over the oil fields, because otherwise, Iran is gonna take over the second biggest oil fields in the world. I would absolutely, without question, not leave that section of that country. I would [...]

  16. [...] Obama’s BP holdings sold just weeks before the Gulf oil spill, then underwrites foreign offshore drilling: HERE [...]

  17. [...] FSB further estimates in this report that through Obama’s three accounts in the Vanguard 500 Index Fund he stands to make another $100 million over the next 10 years as their largest stock holding is in [...]

  18. [...] FSB further estimates in this report that through Obama’s three accounts in the Vanguard 500 Index Fund he stands to make another $100 million over the next 10 years as their largest stock holding is [...]

  19. [...] FSB further estimates in this report that through Obama’s three accounts in the Vanguard 500 Index Fund he stands to make another $100 million over the next 10 years as their largest stock holding is [...]

  20. [...] FSB further estimates in this report that through Obama’s three accounts in the Vanguard 500 Index Fund he stands to make another $100 million over the next 10 years as their largest stock holding is in [...]

  21. [...] FSB further estimates in this report that through Obama’s three accounts in the Vanguard 500 Index Fund he stands to make another $100 million over the next 10 years as their largest stock holding is in [...]

  22. [...] FSB further estimates in this report that through Obama’s three accounts in the Vanguard 500 Index Fund he stands to make another $100 million over the next 10 years as their largest stock holding is in [...]

  23. [...] FSB further estimates in this report that through Obama’s three accounts in the Vanguard 500 Index Fund he stands to make another $100 million over the next 10 years as their largest stock holding is in [...]

  24. [...] The FSB further estimates in this report that through Obama’s three accounts in the Vanguard 500 Index Fund he stands to make another $100 million over the next 10 years as their largest stock holding is [...]

  25. [...] [...]

  26. [...] [...]

  27. [...] The FSB further estimates in this report that through Obama’s three accounts in the Vanguard 500 Index Fund he stands to make another $100 million over the next 10 years as their largest stock holding is [...]

  28. [...] The FSB further estimates in this report that through Obama’s three accounts in the Vanguard 500 Index Fund he stands to make another $100 million over the next 10 years as their largest stock holding is [...]

  29. [...] FSB further estimates in this report that through Obama’s three accounts in the Vanguard 500 Index Fund he stands to make another $100 million over the next 10 years as their largest stock holding is in [...]

  30. [...] FSB further estimates in this report that through Obama’s three accounts in the Vanguard 500 Index Fund he stands to make another $100 million over the next 10 years as their largest stock holding is [...]

  31. […] FSB further estimates in this report that through Obama’s three accounts in the Vanguard 500 Index Fund he stands to make another $100 million over the next 10 years as their largest stock holding is in […]

  32. […] FSB further estimates in this report that through Obama’s three accounts in the Vanguard 500 Index Fund he stands to make another $100 million over the next 10 years as their largest stock holding is in […]

  33. […] FSB further estimates in this report that through Obama’s three accounts in the Vanguard 500 Index Fund he stands to make another $100 million over the next 10 years as their largest stock holding is in […]

  34. […] The FSB further estimates in this report that through Obama’s three accounts in the Vanguard 500 Index Fund he stands to make another $100 million over the next 10 years as their largest stock holding is in […]

  35. […] FSB further estimates in this report that through Obama’s three accounts in the Vanguard 500 Index Fund he stands to make another $100 million over the next 10 years as their largest stock holding is in […]

  36. […] FSB further estimates in this report that through Obama’s three accounts in the Vanguard 500 Index Fund he stands to make another $100 million over the next 10 years as their largest stock holding is in […]

  37. […] FSB further estimates in this report that through Obama’s three accounts in the Vanguard 500 Index Fund he stands to make another $100 million over the next 10 years as their largest stock holding is in […]

  38. […] FSB further estimates in this report that through Obama’s three accounts in the Vanguard 500 Index Fund he stands to make another $100 million over the next 10 years as their largest stock holding is in […]

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