As BP fails repeatedly in desperate attempts to cap a massive oil leak offshore at 'Deep Water Horizon' in the Gulf of Mexico, suspicion grows over certain 'coincidences.'

Is there really evidence here to support claims of a sinister conspiracy? Financiers Goldman Sachs not only fortuitously dumped millions of its shares in the British oil company, but has strong financial links to the chemical clean up firm tackling the disaster. Moreover, the Wall Street giant's new chairman was boss of BP only three months before.

Sections of the blogosphere are running into overdrive at the stark fact that Goldman Sachs Management (US) sold 6,025,387 of its shares in the British oil giant, BP on March 31, 2010 just days before the rupture of a pipe extracting deep sea oil. Experts variously estimate the spill to be dumping the equivalent of 5,000- 25,000 barrels of oil a day into the Gulf gravely impacting wildlife.

The sell off represented 43.7 per cent of the total BP stocks owned by the Wall Street powerhouse, reaping $276,770,112. However, the sale accounted for just under 0.5 per cent of the firm’s total investments. BP shares have fallen 12 per cent since the disaster.

‘Lucky’ for Goldman Sachs

The Wall Street sell off was unprecedented and stood out from all other transactions at a time when BP shares were being bought rather than sold. This sell-off may represent the largest single liquidation of petroleum stocks in the history of modern markets.

mmm?