Thursday, October 28, 2010

Official Spill Investigation: Halliburton Ignored Well Flaws Too

Fast Money
by Austin Carr

"BP isn't the only culprit in the Gulf oil spill--Halliburton deserves much of the blame too, according to the first official investigation into the matter. The presidential commission probing the spill said Thursday that both BP and Halliburton knew the cement mixture sealing the well might not hold, but disregarded its flaws.

The New York Times reports that after three laboratory tests of the cement mixture, Halliburton determined it fell short of industry standards. One test which was shared with BP on March 8--more than a month before the spill--revealed the mixture to be unstable. Two subsequent tests showed similar results, but were not delivered to BP." More>>>>

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