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The Texas-based Halliburton Company has confessed to pouring a cement mix down BP's Gulf of Mexico oil well without testing the stability of its exact composition.
The company, which was BP's cementing contractor, came under increased scrutiny when investigators from the US president's oil spill commission revealed on Thursday that tests performed by the company before the deadly blowout showed the cement to be unstable.
Halliburton's confession comes as it has also admitted to having sufficient evidence that not all mixes were stabilizing well.
The cement mix's failure to prevent oil and gas from entering the well has been identified by BP and others as one of the causes of the largest offshore oil spill in US history.
Halliburton in a statement issued late Thursday night said it did not conduct a stability test on the final mix of cement after a last-minute change by BP added more of a certain ingredient. Earlier statements by the company had said tests showed the cement to be stable.
"The good Lord didn't see fit to put oil and gas only where there are democratic regimes friendly to the United States" - Richard Cheney
Without any previous business experience, Cheney leaves the Department of Defense to become the CEO of Halliburton Co., one of the biggest oil-services companies in the world. He will be chairman of the company from 1996 to October 1998 and from February to August 2000. Under Cheney's leadership, Halliburton moves up from 73rd to 18th on the Pentagon's list of top contractors. The company garners $2.3 billion in U.S. government contracts, which almost doubles the $1.2 billion it earned from the government previously.
Most of the contracts are granted by the U.S. Army Corp of Engineers.3 Halliburton's overseas operations go from 51% to 68% of its revenue. According to the Center for Public Integrity,4 under Cheney's leadership the company also receives $1.5 billion worth of assistance from government-sponsored agencies such as OPIC (Overseas Private Investment Corporation) and the Export-Import Bank, a huge increase compared to the $100 million that the company had received in federal loans and guarantees in the five years prior to Cheney's arrival.
Years later, during the 2000 campaign in a broadcasted vice presidential candidates' debate with Joe Lieberman, Cheney asserts that "the government has absolutely nothing to do" with his financial success as chairman of Halliburton Co.5 Halliburton pleads guilty to criminal charges of violating a U.S. ban on exports to Libya by selling Col. Qaddafi six pulse neutron generators, devices that can be used to detonate nuclear weapons.6 Halliburton pays a $3.8 million penalty to settle alleged violations of the U.S. trade ban.7
Originally posted by baddmove
reply to post by TrueAmerican
Skanks!!
and in my second line i will say it again..Skanks!
"The good Lord didn't see fit to put oil and gas only where there are democratic regimes friendly to the United States" - Richard Cheney