True Crime Rocket Science [TCRS] is unique. It is preoccupied with the why of crimes and criminals, and thus is above all focused on anthropodicy, aporia and the science of man. We find out why people do what they do by finding out who people are. And who is a function of identity, social dynamics and backstory.
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Through cogent true crime analysis, especially into criminal psychology, we have a unique opportunity to learn to understand those around us, and principally, ourselves.
This page is dedicated to coverage of current crime news, comments, discussions and brief analysis. Use this page for updates on America’s most high-profile criminal cases, as well as to find your way to what’s happening where on True Crime Rocket Science [#tcrs].
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Guidelines for users of this site: Commentators are urged to examine and interrogate the merits of the cases covered here, rather than malign or attack one another. Argue the case, argue the criminal, argue the law or argue the facts instead of arguing with each other.
July 16th, 2019
1. #13 July 16th, 2018: Fairy Tale, but with Interruptions #1yearagotodayCW – CrimeRocket II
Why Do Women Fall For Bad Boys?
The Plunder Youtube channel seems to have been shut down.
And in Conspiracy Theory world…
3. Marc Batchelor murder: Everything we know about the suspects so far – The South African
July 13th, 2019
1. Chris Watts says he is a ‘servant of God’ – Crime Online
Chris Watts accomplice theory debunked – Scott Reisch
Chris Watt’s mistress’s giggly voicemails – Daily Mail
July 12th, 2019
#9 July 12th, 2018: Can’t Sleep? #1yearagotodayCW – CrimeRocket II
3. “I know the facts better than anyone.”
July 11th, 2019
1. “Like, he snapped” – Chris Watts Special on HLN – CrimeRocket II
2. 11 years ago today:
Citing new DNA tests, prosecutors cleared JonBenet Ramsey’s parents and brother in the 1996 killing of the 6-year-old beauty queen in Boulder, Colo.
But should they have been cleared?
July 10th, 2019
1. #7 July 10th, 2018: Nut Gate Aftermath #1yearagotodayCW – CrimeRocket II
ABC 20/20 | THE DEVIL IN DISGUISE – BitChute
July 9th, 2019
3. If Famous Painters From Art History Were Modern-Day Urbanites – MyModernMet
July 8th, 2019
1. Is this where the Watts children breathed their last?– CrimeRocket II
#5 July 8th, 2018: The Day Before Nut Gate #1yearagotodayCW– CrimeRocket II
2. Scott Nelson takes the stand AGAIN and declares “I am a homicidal maniac”.
At a news conference Monday, prosecutor Berman and FBI Assistant Director in Charge William F. Sweeney Jr. cited the Miami Herald’s reporting last November in helping to make the case.
“I will say that we were assisted by some excellent investigative journalism,” Berman said. “When the facts presented themselves — as Mr. Berman hinted at — through investigative journalist work, we moved on it,” Sweeney said.
July 7th, 2019
Drone Photos of CERVI 319 – CrimeRocket II
Do you want to request information on the Watts case? Here’s how – CrimeRocket II
July 6th, 2019
July 5th, 2019
1.Chris Watts: YouTuber Releases Tranche of New Photos from Weld County
The telephone conversations between Watts and his wife are one of the few areas we know virtually nothing about.
2. What Casey Anthony Is Up To 10 Years After Daughter Caylee’s Disappearance.
3. Scott Nelson verdict: Guilty of 1st-degree murder in kidnap, killing of Jennifer Fulford – Orlando Sentinel
Scott Nelson trial coverage:
July 4th, 2019
For the next 5 weeks, CrimeRocket II will be doing a recap of the Chris Watts case timeline during the summer of 2018 based on references in the Discovery Documents and the CBI Report.
July 3rd, 2019
1. Seeing Double? Rebecca’s Height at the Door – CrimeRocket II
2. Meredith Kercher’s Killer Rudy Guede Granted Day Release From Prison – International Business Times
July 2nd, 2019
1. Chris Watts Reveals New Details About How He Murdered His Family – Crime Time
Christopher Watts describes killing his daughters in chilling jailhouse interviewing – CBS
July 1st, 2019
1. Coming Soon in July…
2. DEATH AT THE MANSION – The Final[e] Analysis [Part 3 of 3] – CrimeRocket II
Rebecca Zahau & Max Shacknai, PART II – Apple Podcast
Icahn, one of industry’s most powerful activist investors, cast himself as one of the deal’s most fervent critics by charging that Occidental’s $38 billion bid for Anadarko was too expensive and could endanger Occidental’s future if oil prices sink.
The deal has been approved by the U.S. Federal Trade Commission and is expected to close in the second half of the year.
“It is important to add new directors to Occidental’s Board of Directors to oversee future extraordinary transactions like the Anadarko transaction and to ensure that they are not consummated without stockholder approval when appropriate,” Icahn said in a statement to shareholders on Wednesday.
Icahn owned a $1.6 billion stake in Occidental as of May 30. “The recent Occidental Petroleum fiasco is a great example of how CEOs and boards will go to great lengths, including ‘betting the company’ to serve their own agendas,” Icahn said in a statement about the Caesars-Eldorado merger. “If their bet is successful, they and possibly their shareholders win, but if it is unsuccessful, only the shareholders lose.”
While Icahn has said publicly that the Occidental-Anadarko deal likely would not be derailed, his filing illustrates how he wants to make sure that nothing similar happens again. He said Occidental lacks effective corporate governance and that its directors made mistakes in how and at what cost they pursued the acquisition of Anadarko, according to the filing.
Occidental Petroleum, ranked 167 in Fortune 500, recently snatched victory from Chevron with a winning bid of $38 billion for one of the largest U.S. Independent oil and gas companies; Anadarko ranked just 237, making this the largest American oil and gas merger in more than a decade and the 11th biggest ever, for an energy and power company, according to business data provider Refinitiv.
Back in April, Chevron Corporation announced its $33 billion bid for Anadarko which was quickly superseded by Occidental Petroleum’s shut-out bid worth around 20 per cent more to Anadarko’s shareholders. Vicki Hollub, Occidental Petroleum’s CEO, bid of $38 billion was secured by $10 billion in backing from Warren Buffet, CEO Berkshire Hathaway. Buffet’s support enabled Vicki Hollub to avoid the need to put the deal to a vote of her own shareholders.
Paying for the purchase
Occidental plans to sell assets in the U.S. and Africa. Proposed disposals include Anadarko’s pipeline business in the U.S. worth an estimated $7.5 billion, as well as its wells in the Gulf of Mexico said to be worth around US$6 billion. Potential buyers could include BP, Exxon or Shell. The sale of Anadarko’s assets in Africa, worth perhaps $8.8bn to French oil major Total has been agreed, according to recent media reports. However, this deal needs the full approval of Algeria’s government before it can be completed.
Having outbid Chevron and perhaps before any asset sales take place, Occidental must reduce its debt and pay an 8 percent dividend on the $10 billion of preference shares it sold to Berkshire Hathaway. The Anadarko purchase doubles the size of Occidental and will saddle the company with debts of around $50bn, in return for a business that has been failing to cover its capital spending from its operating cash flows.
Another oil price crash bringing oil below $40 a barrel could jeopardize Occidental’s financial position. In addition, there is growing public concern, backed up by recent studies by the Universities of Texas and Dallas, that the re-injection of waste water into the ground produced from fracking, could be triggering increased seismic activity in previously dormant areas. Unless the industry can reassure the public by finding a solution to prevent such “earthquakes,” public opinion could constrict further growth in fracking activity.
The real prize
Vicki Hollub has made it clear that Occidental’s real interest lies in Anadarko’s 10,000 drilling sites in the Permian Basin, which is currently one of the world’s most productive, producing 3.8 million barrels a day at the end of 2018, according to reasearch firm Rystad Energy. In addition, the Permian is one of the cheapest places for oil drilling in the world. Some Permian drillers can make money at $40 per barrel.
Before the takeover, Occidental was already the largest owner of drilling rights in the Permian and has developed an in-depth knowledge of the Permian plays, especially the Delaware Basin. On average, Occidental’s shale wells in the region have produced 74 percent more oil in their first six months than Anadarko’s. Also Occidental expects that, with economies of scale and its scientific and logistical capabilities, to boost recovery rates of 6 percent today to at least 14 percent by employing the “huff-and-puff” method: pumping carbon dioxide into a well, waiting for a while, and then allowing the oil to start flowing out mixed with the gas.
Hopefully, things will go well for Occidental following its successful bid. Nevertheless, some investors remain skeptical of the promised productivity gains and are concerned by the possibility that policies to mitigate the effect of climate change could leave Occidental with stranded assets sooner rather than later.
Romancing the shale: How Oxy won over Anadarko – Houston Chronicle
The documents recount the whirlwind bidding war that followed as Occidental executives jetted from Houston to Paris to Omaha, Neb. to make the deals that would allow Oxy to up its cash offer to nearly 80 percent of the purchase price and gain the consent of Anadarko’s board. As Oxy CEO Vicki Hollub said the company’s annual meeting last month, “We were not going to let it be taken away.”
The filing also disclosed that Anadarko CEO Al Walker, who has led the company since 2012, will walk away with severance package of $98 million when the merger is completed, part of $300 million to be shared among Anadarko’s six senior executives. Here is how it all unfolded:
The summer of ’17
Hollub first contacted Walker about a potential sale in July 2017. They met in August and continued the talks into September 2017, when Oxy offered close to $31 billion in an all-stock deal. In October, Walker told Hollub he questioned the logic of a deal. Hollub responded by offering a mix of cash and stock.
The Anadarko board met in mid-November 2017 to discuss the deal and unanimously rejected it, concluding that it wouldn’t boost shareholder value and the financial risks that Oxy would take on could make it difficult for Oxy to increase or even maintain dividends to investors.
On HoustonChronicle.com: Oxy CEO defends Anadarko deal to shareholders
Undeterred, Oxy made another cash-and-stock offer in January 2018, upping its bid to about $38 billion with up to half of the funds in cash. That valued Anadarko at about $76 per share. At the time, Anadarko stock was selling for more than $58 per share with a stock market value of almost $30 billion.
But with oil prices rising and confident in Anadarko’s future as as a standalone company, the board again rejected the offer in February 2018. Walker, however, let Hollub know all was not lost: an all-cash offer might still win over the board.
Throughout the rest of 2018, Hollub conveyed Oxy’s ongoing interest to Walker, but formal negotiations went dormant. All stayed quiet — until February.
Thwarting the Chevron way
Disappointed but undeterred, Oxy quietly let it be known that it had offered more than Chevron, preparing the ground for a bidding war. Oxy plotted behind the scenes, waiting until April 24 to go public with a new $38 billion offer, half cash and half stock.