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The Houston petroleum services company on Monday reported an 83-percent surge in second-quarter profits. The results beat Wall Street expectations, and shares rose more than 5 percent.
Halliburton is the first of several companies connected to the Gulf oil spill to report second-quarter financial results. The company was handling the cementing job on BP's Macondo well before it blew up on April 20.
Originally posted by Danbones
I really want to argue with you about this but...
aaaarrrgh, all I can say is "go figure".
Papantonio: Thank Dick Cheney and His Meetings With Oil Industry Execs for Lack of Safeguards on Oil Rigs
Papantonio laid the blame squarely in Dick Cheney's lap and said this was one of the deregulations of the energy industry that was negotiated during his secret meetings with oil industry and other energy executives during George Bush's first term in office and called this the biggest under-reported aspect of this disaster. It would be nice if the media would look into this and start asking some more questions about why these companies were allowed not to have this last resort safeguard. I'm not holding my breath with most of them but maybe we'll see more information on this from the likes of Amy Goodman, Ed Schultz, Keith Olbermann and Rachel Maddow.
Papantonio: Thank Dick Cheney and His Meetings With Oil Industry Execs for Lack of Safeguards on Oil Rigs
Papantonio laid the blame squarely in Dick Cheney's lap and said this was one of the deregulations of the energy industry that was negotiated during his secret meetings with oil industry and other energy executives during George Bush's first term in office and called this the biggest under-reported aspect of this disaster.
Originally posted by mishigas
Well it's good to see that someone is doing well in this economy that Obama wrecked.
Papantonio: Thank Dick Cheney and His Meetings With Oil Industry Execs for Lack of Safeguards on Oil Rigs
Papantonio laid the blame squarely in Dick Cheney's lap and said this was one of the deregulations of the energy industry that was negotiated during his secret meetings with oil industry and other energy executives during George Bush's first term in office and called this the biggest under-reported aspect of this disaster.
This whole "secret meetings with the oilcos" farce still being peddled? I thought that had been debunked at least a dozen times here by now.
Evidence is mounting up that the oil spill in the Gulf is the result of a tragic sequence of equipment failures – but ultimately, all of them should have and could have been caught, had the rig been regulated properly. It turns out that tens of thousands of offshore rigs are barely regulated, a result of Dick Cheney’s private energy meetings and interference with the Department of Minerals Management Services, which regulates the off shore drilling. The MMS is also responsible for collecting the billions in royalties from the oil companies and is the same agency that was investigated and found to be doing coc aine and having sex with oil executives. Their judgment regarding the necessity of regulations was clearly not impartial...
...Regulation and oversight were clearly MIA in this story. Dick Cheney’s secret energy meetings, the MMS suddenly deciding under Bush that they would not continue with the recommendations to update the regulations of the oil companies as began under Clinton (it should be noted that the regulations have not been updated since 1996 – this is how deeply the oil companies have infiltrated our government), the government allowing the MMS to both collect royalties and police the off shore drilling (which is akin to the rating agencies on Wall Street which take money from the companies they “rate”) – all of this is both predictable and profoundly shocking at the same time....
.... FYI the deregulation of oil rigs information was shared with the world from the former head of the Department of Energy during the Bush/Cheney presidency
then I guess you could come up with one link to suport your statement
Originally posted by silent thunder
Ho hum, nothing to see here... pay no attention to the man behind the curtain..
[atsimg]http://files.abovetopsecret.com/images/member/b49d8ab5955c.jpg[/atsimg]
It is just amazing how certain firms (cough cough *Goldman Sachs* cough cough *Haliburton*) just seem to come up smelling like roses no matter what happens in the wider world. Global boom? Record profits. Worst recession? Record profits. Heads I win, tails you lose?
www.cbsnews.com
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