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Wall Street has been quick to defend Halliburton, at least based on the limited information available so far. The stock traded up 74 cents, or 2.4%, to $31.39 on Monday as analysts expressed confidence that the company was not to blame.
"We believe a confluence of events outside the control of either Halliburton or Transocean may have contributed to the blowout," said Robert MacKenzie, an FBR Capital Markets analyst, in a report. "Given this analyst's former experience as a cementing engineer and the evidence available today, we can find no fault so far with anything Halliburton may have done and are thus more confident that the stock should gradually recover as investors gain a similar confidence."
Originally posted by BeastMaster2012
I just want to make sure people know that it was probably Halliburton's fault and it appears that they could have done a few things to prevent the amount of oil spill from happening. I don't know who is to blame for not using acoustic switches but this is a giant mess.
Originally posted by Rigel Kent
Where is your proof?
Halliburton may also be implicated in the oil spills in the Timor
Sea off Australia in August of 2009 and in the gulf of Mexico in April of
2010 for improper cementing. An investigation is underway as to the
cause of the Australia spill.
The Times article reported that Halliburton employees had
been performing “concrete operations” just before the accident
occurred, and the company had been involved with that activity
before the Australian incident, too.
A Halliburton employee, David A. Doeg, testified to the Australian
commission that he made the problem worse at the Montara
well by repumping concrete during an incorrectly handled procedure
before the blowout.
Such an operation may have been intended to temporarily seal the
well, perhaps prior to installing permanent pipe or moving the drill to
In 2002 a Toxics Release Inventory (TRI) reports were done
to see if chemicals being emitted were harmful to people from
Halliburton's Harris County, Texas facility. The facility had 230
TRI air releases in 2001 and 245 in 2002.
On June 7, 2006 Halliburton's Farmington, New Mexico facility
created a toxic cloud that forced people to evacuate from their
Oman Oil Company, OOC (www.oman-oil.com) is fully owned
by the Government of the Sultanate of Oman. The company was
created in 1992 to give the Government a vehicle for pursuing
investment opportunities in the energy sector both inside and
outside Oman. The company is currently involved in a number
of projects in countries such as UAE, Korea, Thailand, Kazakhstan
Boots & Coots Inc. of Houston and Amarillo, Texas-based GSM Enterprises Inc., two of the companies that extinguished hundreds of oil wells in Kuwait set ablaze by retreating Iraqi troops in 1990, have been brought in to help cap the leaks.
"Halliburton is under Justice Department Securities and Exchange Commission investigation over allegations of improper dealings in Iraq, Kuwait and Nigeria," Whitley Strieber wrote March 12, 2007.
Halliburton announced on March 12, 2007, that "it would open a corporate headquarters in the United Arab Emirates city of Dubai and move its chairman and chief executive, David J. Lesar, there."  "Halliburton will remain a US company subject to US laws, but Dubai has no extradition agreement with the United States, meaning that Mr. Lesar could not be compelled to return to the US to testify, stand trial or serve any sentence related to any Halliburton activities under investigation."
The company will also maintain its existing corporate office in Houston, Texas, "as well as its legal incorporation in the United States, meaning that it will still be subject to domestic laws and regulations."
At the hearing on Feb. 6, Waxman questioned former Ambassador L. Paul Bremer on what happened to as much as $12 billion in unaccounted-for cash spent when he was in charge of rebuilding Iraq. While acknowledging he made mistakes, Bremer said the funds were Iraqi money used to help revive the economy after the invasion by paying salaries in cash.
Halliburton Co., currently the largest military contractor in Iraq with billions of dollars in Pentagon contracts, announced Sunday that it was planning to move its CEO and corporate headquarters from Houston to Dubai, the United Arab Emirates.
The move could eventually save the firm a fortune in U.S. taxes, but it is raising serious questions about its priorities and prompting at least one possible congressional hearing.
Dave Lesar, Halliburton's chairman, president and chief executive officer, made the announcement at an energy conference in the Kingdom of Bahrain.
Lesar said the goal of the move was to focus on Eastern Hemisphere "oil exploration and production opportunities, and growing our business here will bring more balance to Halliburton's overall portfolio."
Run by Vice President Dick Cheney from 1995 to 2000, Halliburton has a five-year, $16 billion contract with the U.S. Army and total revenues of $22.6 billion in 2006.
Energy analyst Roger Read says if the company formally incorporates itself in the U.A.E., the banking mecca of the Middle East, company profits will soar.
"You'd probably be looking at a tax savings of several hundred million [dollars]. … It's a win for the shareholders," Read said.
Conspirators' Hierarchy - The Committee of 300
By Dr. John Coleman
More infor at: coleman300.com...
Latest revised and updated 4th Edition is available directly from Dr. Coleman's office (800) 942-0821
Joseph Holding Corporation
2533 North Carson Street, Suite J-118
Carson City, NV 89706 U.S.A..
Dr. John Coleman is a former intelligence agent of British MI6. He rips the lid off the conspiratorial group which knows NO national boundaries, is ABOVE the law of ALL countries and controls every aspect of politics, commerce, religion, industry, banking, insurance, mining, and even the drug trade. Learn how this small elite group who are answerable to NO ONE, except its members, have pulled the strings on ALL major world events and why, until now, few people have even been aware of its existence, let alone power, in manipulating the affairs of the entire WORLD. All of these members are revealed, including all of the corporations, government agencies and various movements which "they" have developed and control to further their own aims for WORLD DOMINATION.
Can you imagine an all powerful group that knows no national boundaries, that has set itself above the laws of all countries, one that controls every aspect of politics, religion, commerce and industry, banking, insurance, mining, the drug trade, the petroleum industry, a group answerable to no one but its members?
To the vast majority of us, such a group would appear to be beyond the realms of possibilities and capabilities of any given organization. If that is what you believe, then you are in the majority. The concept of a secret, elite group exercising control of every aspect of our lives is beyond our comprehension. Americans are prone to say, "it can't happen here, our Constitution forbids it."
On February 17, 2006, in a speech to the Council on Foreign Relations, Defense
Secretary Donald Rumsfeld spoke of the harm being done to the country’s
security, not just by the enemy, but also by what he called “news informers” who
needed to be combated in “a contest of wills.”
In 2002 Attorney General John Ashcroft announced his desire to see camps for
U.S. citizens deemed to be “enemy combatants.”
A Defense Department document, entitled the “Strategy for Homeland Defense and
Civil Support,” has set out a military strategy against terrorism that envisions
an “active, layered defense” both inside and outside U.S. territory. In the
document, the Pentagon pledges to “transform U.S. military forces to execute
homeland defense missions in the . . . U.S. homeland.” The strategy calls for
increased military reconnaissance and surveillance.
The Washington Post reported on February 15, 2006 that the National
Counterterrorism Center’s (NCTC) central repository holds the names of 325,000
terrorist suspects, a fourfold increase since fall of 2003. A Pentagon official
said the Counterintelligence Field Activity’s TALON program has amassed files on
Shortly after Bush orchestrated 9/11, he issued "Military Order Number One",
which empowered him to detain any noncitizen as an international terrorist or
enemy combatant. Today that order extends to U.S. citizens as well.
Halliburton subsidiary "KBR has been awarded a contract announced by the
Department of Homeland Security’s United States Immigration and Customs
Enforcement (ICE) component. The Indefinite Delivery/Indefinite Quantity
contingency contract is to support ICE facilities and has a maximum total value
of $385 million over a five year term. The contract provides for establishing
temporary detention and processing capabilities in the event of an emergency
influx of immigrants into the United States, or to support the rapid development
of new programs".
Originally posted by BeastMaster2012
A wonderful message from the CEO of Halliburton David Lesar. F U SLIMEBALL