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President Obama and Secretary of Interior Ken Salazar, Secretary of Energy Steven Chu, and Defense Secretary Robert Gates were informed that BP would drill an unprecedented 35,000 feet well bore at the Macondo site off the coast of Louisiana. In September 2009, the Deepwater Horizon successfully sun…

Guest Post: Obama Administration Knew About Deepwater Horizon 35,000 Feet Well Bore, Green-Lighted And Fast-Tracked Project | ZeroHedge HomePremiumContributorsChannelsAllBailoutCommoditiesCOVID-19CryptoEconomicsEnergyGeopoliticalMarketsMedicalMilitaryPersonal-FinancePoliticalTechnologyWeatherThe Market EarMerchAboutMoreRSSDonateAdvertiseLOGINLoginUsernamePasswordLoginCreate new accountReset your passwordThis site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.ZeroHedge ReadsActing ManAlt-MarketAntiWar.comBitcoin MagazineBombthrowerCapitalist ExploitsChristophe BarraudDollar CollapseDr. Housing BubbleFinancial RevolutionistForexLiveFundistGains Pains & CapitalGefiraGMG ResearchGold CoreImplode-ExplodeInsider PaperLiberty BlitzkriegMax KeiserMises InstituteMish TalkNewsquawkOf Two MindsOil PriceOpen The BooksPandemic: War RoomPeter SchiffQTR’s Fringe FinanceSafehavenSkwealthacademySlope of HopeSpotGammaTF Metals ReportThe Automatic EarthThe Burning PlatformThe Economic PopulistThe Libertarian InstituteThe SakerThemis TradingValue WalkVisual Combat Banzai7Wolf StreetExpandGuest Post: Obama Administration Knew About Deepwater Horizon 35,000 Feet Well Bore, Green-Lighted And Fast-Tracked Projectby Tyler DurdenTuesday, Jun 22, 2010 - 01:01 PMThis article is archived.Upgrade to premium to access all of the ZeroHedge archive.Already a member? 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Why Premium?BASICSnowflakeFREEREGISTER TO UNLOCK THESE FEATURES- Commentary and Analysis- Daily Recap Newsletter- Community CommentsSELECTPREMIUMJack's Lack Of CensorshipONLY $25/MONTHBILLED ANNUALLY OR $30 MONTHLYAll BASIC features, plus:- Ad-free environment- Unmoderated comment section- Premium commentary features including user tiering and comment tracking (coming soon)- Access to private, invitation-only Zerohedge twitter account- Exclusive access to The Market Ear content- Access to Newsquawk breaking news and market squawks, and discount for real-time commentary- Early glimpse at all our postsSELECTPROFESSIONALProject MayhemONLY $85/MONTHBILLED ANNUALLY OR $100 MONTHLYAll PREMIUM features, plus:- Access to our constantly updated research database via a private dropbox account (including hedge fund letters, research reports and analyses from all the top Wall Street banks)- Notifications for new posts, breaking news and comment replies (coming soon)- Discord-based chat and commentary rooms (coming soon)Contact us about Enterprise Solutions priced at $5,000/moSELECTINSIDERPaper StreetCOMING SOONSTAY UP TO DATEAll PROFESSIONAL features, plus:- Direct access to Zerohedge staff- Full archivesCOMING SOON34,082More article stories on ZerohedgeWant more of the news you won't get anywhere else?Sign up now and get a curated daily recap of the most popular and important stories delivered right to your inbox.Today's Top Stories+Make or break coming upNASDAQ - closing in on the make or break again NASDAQ is trading very close to the huge 10800 area. This is a must hold level, or...First resistance at the 11600 area. Source: Refinitiv Getting closer VIX is far from dirt cheap, but we are getting close to when "seasonality" has kicked in over the past 20 years. Source: Equity Clock SPX and recessions Pick your scenario. We are currently following the 1969 set up rather well. Source: JPM Source: JPM That margin alert Margins are at all-time highs and GS (and everyone else) think vulnerable to downgrades. Source: Goldman King dollar is back? So far a perfect bounce on the longer term trend line on the weekly chart. Note we are pushing above the 50 week as of writing. Lot of new "smart" dollar shorts out there...beware the squeeze. Source: Refinitiv King dollar is hated these days The long is now short. Not massive, but the change of "direction" has been rather big. Imagine the pain if the dollar catches some bids here. Consensus for a weaker dollar is string... Source: JPM Gold getting ahead of itself? Gold has moved higher recently, leaving real yields behind. Second chart shows the "sudden" pick up in longs from speculators. Time for a pause? Source: Refinitiv Source: JPM TIPSy gold? The gap between gold and TIP has become very wide lately... Source: Refinitiv Systematics 2022 came to a close with particularly light positioning from the quants. Systematic macro strategy leverage ended at the 24th %ile vs the last 5Y. Source: Morgan Stanley QDS Retail selling Heavy retail selling continued. JPM writes that this was the "the third worst week of net selling in history." Bearish sentiment and tax loss selling are strong factors. Do we bounce now? Source: JPM   See TME's daily newsletter email above. 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