Tuesday, May 11, 2010

Gulf Oil Spill: Big Oil Blame Game (Video) BP, Transocean, Halliburton: "It's somebody else's fault!"


The Senate Energy and Natural Resources Committee held hearings today on the BP Gulf Oil Spill.  BP America Chairman Lamar McKay, Transocean CEO Steven Newman, and Halliburton Tim Probert took questions from the Committee.  The gist is all 3 companies blamed the others.

BP America (well owner) could not say yet why its subcontractor Transocean’s supposedly fail-safe blowout preventer failed.

Transocean (rig operator) said investigation should focus on "why a cased and cemented wellbore suddenly and catastrophically failed."

Halliburton (well servicer), which did the cementing, said the company’s work was done "in accordance with industry standards."

I also heard some of the BP America question and answer session as the Senators asked if they would pay all costs.  BP repeatedly said they would pay "legitimate" claims, expenses, costs.  Determining what is "legitimate", leaves what BP is willing to pay wide open.  Undoubtedly BP America attorneys had coached the executives to just say "legitimate".

Last, but not least, the Countdown with Keith Olbermann MSNBC segment reporting on the Senate hearings.  Please note that Big Oil Senator James M. Inhofe (Republican - Oklahoma) is a Drill, Baby, Drill! advocate, anti-environment, and has been bought by, sold by, and in the hip pocket of Big Oil.

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