- It seems incomprehensible that the president and other members of the administration still have jobs when it is now being reported that the federal government was apprised by BP on February 13 that the Deepwater Horizon oil rig was leaking oil and natural gas into the ocean floor.
- In fact, according to documents in the administration's possession, BP was fighting large cracks at the base of the well for roughly ten days in early February.
- Further it seems the administration was also informed about this development, six weeks before to the rig's fatal explosion when an engineer from the University of California, Berkeley, announced to the world a near miss of an explosion on the rig by stating, "They damn near blew up the rig."
Finally, Tony Hayward, CEO, liquidated about a third of his holding in the company one month before the Deepwater Horizon disaster. Superb market timing, or did he use insider information to benefit from this knowledge?
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