War On Gulf Oil Played Out In Disaster Offshore

A&M, Rice, SMU, to participate in full drilling system lab

In recognitiion of the Lone Star State's need to remain on
top in the world petroleum production market, Governor Rick
Perry announced a new era of collaboration to keep the Texas
coast line safe.

There is a current inability to do underwater testing of
full drilling systems in a sea floor environment.

In an industry that employs 200 to 300,000 Texans earning
total annual wages of $35 billion, there is an acute need to
make sure there is never a repeat of the Deepwater Horizon
debacle in Louisiana.

About 60 percent of the nation's chemical production takes
place in Texas, a quarter of its natural gas production and
20 percent of petroleum production.

Scientists, researchers and state officials will set up a
real time underwater laboratory to test full drilling rigs
offshore at such locations as Texas A&M's Offshore Research
Technology Center, Rice University's National Corrosion
Center and similar programs at SMU, Texas Tech and the
Johnson Space Center. Officials from the Texas General Land
Office, the Railroad Commission and the Governor's office
are working to compete with overseas researchers in Norway,
Sweden and the UK. The world finds a new need for safety.

Economic experts see it as yet another skirmish in a
worldwide war to defend America and her oil resources from
antagonists as diverse as bomb throwing terrorists on the
one hand and international bankers who would profit from a
collapse of the world's financial systems on the other.

"Ongoing worsening environmental pollution has been a
primary ojbjective of...financiers since at least the
1960's...Destroying the environment, thus creating new
global threats for remediatiion markets and emergency
management is unconsicionable, but very real," according to
Dr. Leonard Horowitz, a writer and researcher who probes
such topics as biological warfare and the role played by the
world's health organizations.

"This has become a viable alternative to traditional warfare
securing profitable population control through crisis
capitalism."

Just how does such a scheme work?

Consider this.

A certain German banking house decided on April 14 to
introduce an equity option on shares of Transocean Ltd,
effective on the day of the explosion, April 20, 2010.

Insiders got a full day to dump their uninsured stock in
Transocean at the highest possible price.

As soon as the crisis developed on Earth Day, Wall Street
started to dump the stock, at which point those in the know
began to reinvest their funds.

By paying a relatively small premium, the financiers got in
return the option to sell at the "strike price," or what is
also known as the "put option" at any time before April 20,
2012. The practice is not limited to that transaction.

For instance, UBS sold 2.1 million shares of BP prior to the
explosion, then turned around and by exercising the "put
option," bought back 8.6 million BP shares before June 7.

By talking up the potential for profit in buying BP stock
due to the coming deepwater revolution in offshore petroleum
production, the financiers were able to net 98 percent total
returns on their actual cash outlay, assuming they wrote the
puts against paid-up marginable equity already held in their
accounts.

In an aside, Editor Sherri Kane, a former Fox News writer
from that organization's Los Angeles bureau, wrote, "Can you
imagine the blind ignorance and murderous greed of
investing, or reinvesting, in these companies that are
killing us and our planet."

In the worst case scenario, investors wound up with twice
the number of BP put options at the average cost of $42.64
pere share - or less - which is much lower than the annual
lows for BP during the entire period 2004 through 2007.

She and Dr. Horowitz urged their readers to use their
article and its links as evidence detailing a criminal
conspiracy. It was published on rense.com on 7/7/2010.

They wrote that they hope Attorneys General will yield to
public pressure to protect the peoples's interest in
demanding reparations for the waste of their oil and the
pollution of their environment in a headlong rush for
speculative financial profit.