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Thread: Halliburton linked to BP oil spill

  1. #11
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    Re: Halliburton linked to BP oil spill

    Quote Originally Posted by soccerboy22 View Post
    It was just in case your missed it the first time.
    I just assumed it was common knowledge. Maybe it is around here but not everywhere else.

  2. #12
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    Re: Halliburton linked to BP oil spill

    Quote Originally Posted by Coronado View Post
    I just assumed it was common knowledge. Maybe it is around here but not everywhere else.
    Even if it isn't common knowledge it is a pretty good political strategy to re-release this. Voters tend to be more short sided and like to place blame with a party. And since most associate Halliburton with the Republicans it was a pretty smart move.

  3. #13
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    Re: Halliburton linked to BP oil spill

    Quote Originally Posted by FederalRepublic View Post
    If their tests failed and they continued on any way, that's a different story altogether.
    That's apparently exactly what happened.

    Quote Originally Posted by FederalRepublic View Post
    I haven't seen any reports yet, but I don't think there's much chance that Halliburton pulled one over on BP. Are they talking about tests that were run in a lab? Or are they talking about tests that were run inside the well? Anybody know?
    Not sure. Here's what I've found so far...

    Shares of Halliburton (NYSE:HAL) tumbled 11% Thursday upon news that it knew its recommended cement used to seal BP Plc's (NYSE:BP) Macondo well was unstable in tests and may have contributed to the April 20th blowout, according to a report from a national commission investigation.

    The National Commission said documents Halliburton provided suggested that as many as three tests of the mixture were carried out, in February and April, and found the mixture to be unstable.

    The companies "both had results in March showing that a very similar foam slurry design to the one actually pumped at the Macondo well would be unstable, but neither acted upon that data,"
    according to a letter. --Zacks.com

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