Disaster capitalists: Halliburton to make money off oil spill

By Daniel Tencer
Friday, June 18, 2010 15:10 EST
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Does a company that both builds oil rigs and cleans up oil spills have any motivation to prevent oil rig disasters?

That’s the question some people in business and politics are asking themselves after Halliburton’s purchase of an oil clean-up company 10 days before the Deepwater Horizon explosion that killed 11 workers and launched the worst oil spill in US history.

Some observers see a conspiracy in the actions of the company once headed by Dick Cheney. Halliburton, which built the cement casing for the Deepwater Horizon’s drill, announced its purchase of Houston-based oilfield services company Boots and Coots for $240 million on April 9, just 11 days before the Deepwater Horizon explosion.

According to a report at the Christian Science Monitor Friday, Boots and Coots is now under contract with BP to help with the oil spill. The company “focuses on oil spill prevention and blowout response,” CSM reports. Halliburton’s purchase is not yet a done deal — it’s still awaiting regulatory approval, though few observers think the purchase won’t pass muster.

“[Mergers and acquisitions] in the industrial and oil services sectors is totally normal,” writes David Anderson at The Inspired Economist, “but the timing in this case, is not. Boots & Coots sure seems like the perfect company to own if it would soon become necessary to get more involved with some oil disaster.

“Does this strike readers as a coincidence? If so, it’s a pretty lucky one for Halliburton.”

But could Halliburton have known that an oil disaster was on the horizon, and planned in advance to profit from it? News reports indicate they could have.

The New York Times reported in May that BP was concerned about the rig’s well casing — which Halliburton worked on — as early as June of 2009. The Times also reported that a Halliburton employee warned BP three weeks before the explosion that BP’s use of cement for the well casing was “against [Halliburton's] best practices.”

But even if the company’s purchase of Boots and Coots was just a “lucky coincidence,” there is still plenty about it to alarm observers. According to CSM, analysts are worried that a company like Halliburton will grow “complacent” in preventing disasters, because there is money to be made from cleaning up the mess — and then rebuilding the oil rig.

“Working on both sides of the fence” is common in the oil industry, University of Louisiana professor Robert Gramling told CSM, but “it makes for a very complex decision-making environment that can become problematic.”

At the very least, Halliburton’s purchase should give the company a revenue boost. While Halliburton has been reporting plummeting revenue in recent quarters, Boots and Coots has been a business success story, with its revenue jumping from $11 million in 2000 to $209 million in 2008, before dropping slightly in 2009.

Daniel Tencer
Daniel Tencer
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  • gypski

    Conflict of interest or RICO. Gotta be one or the other.

  • Boneman

    Is it a conspiracy or coinkeedink???
    DDDDDDDDDDDDDOOOOOOOOOOOOOOOOOOOOOOOYYYYYYYYYYYYYYYYYYYYYYYY

  • Christineschlangen

    Everytime I hear the name Halliburton, it seems like they are always involved in making money off of something horrible. It is sickening…

  • KatWillow

    Not lucky. It appears to have been common knowledge in the Oil Industry that the Deepwater well was already broken, weeks before the explosion.

  • tippycanoe

    Shouldn't this article be better named “Disaster CORPORATISTS”?

  • rts111

    A dirty trail leads right back to the Demon Prince of Oil, Dick Cheney and his secret cabal. When those illegal meetings took place back in 2001, I wonder if BP executives were in on the deal as well?

    http://www.darkpolitricks.com/2010/05/gulf-oil-…

  • carol h.

    Haliburton may have had prior knowledge. But either way this slimy company with it's slimy past will make a killing. There was a bad oil spill off Australia. Haliburton was the company that poured the cement there too. Also a year before that another spill and Haliburton was the firm that poured the cement on that also. It slips my mind where that other spill was. Haliburton's record of financial shenanigans as well as sloppy work often with dangerous consequences is all on public record. What continues to amaze me is why we keep allowing this firm which is the Blackwater of construction, to gain contracts. Or at the very least to forbid them access to any company working in or near our country. They are now centered in Dubai. We have no recourse in getting at them if they screw us. This is why they moved there. No way to extradite.

    We never seem to learn anything do we?

  • Big AL

    Plug the leaks with Halliburton employee's.

  • Stina

    Funny how Halliburton was warned of the unsafe practices almost EXACTLY the same day they purchased this company. They're war profiteers and swindlers that deserve no less than to be keel hauled under a tanker through their black gold filled gulf.

  • Robert Shaftoe

    Cheney, always there with a dump truck when it starts raining money.

  • reyrey

    Haliburton is a truly despicable government vulture that feeds off of any and every disaster.

    There should be a prison built just special for these bastards.

  • rts111

    Regardless how this disaster occurred, it quickly became an asset of the global plutocracy which then divides up the potential advantages to all major players.

    Oil has always been a dirty business where ruthless individuals make a grotesque profit. What makes this any different? In other words, it is business as usual for these bastards.

    I can just see them outsourcing boatloads of oil-soaked marine wildlife to China for an even a heftier profit margin. Oil is the lubrication of choice for these corporate sodomites.

  • riggypow

    LOL, is anyone actually surprised by this? I mean seriously.

    http://www.feds-logging.at.tc

  • loveisallweneed

    its all just one big coincidence. nothing to see here. no conspiracies going on.

  • Richglo638

    We now know why Cheeeeney and favorite daughter Liz are soooooo quiet about the oil spill.They are licking their chops and salivating like Pavlov's dogs ready to collect their Corporate welfare handout.Congratulations Dick and Liz.

  • ericroded

    If your doctor makes you well, then you won't need him any more.

    Everybody's in it for the Do-Re-Mi.

  • ericroded

    If your doctor makes you well, then you won't need him any more.

    Everybody's in it for the Do-Re-Mi.

  • Truthseeker7771

    Seems like a lot of these “coincidences” have been occurring, especially in the last 10 years or so. Take a “disaster”, look for who would most benefit from it and time and again you'll see this pattern repeating itself.

  • mindboggeling

    Who woulda thought? Well, funny thing my son and I had that same thought when we first heard halliburton was involved. It is just a fact that where there are companies like halliburton, Xe/blackwater, Pharma, Ins. co. and any company that has been touched by bush/cheney that stinks of criminal acts. The fact that people die is just collateral damage to the rich scum that run these companies. Apparently if one makes big bucks off the deaths of the”little people” it's all good. Well that is if they think about the victims at all. There should be greed laws in this country and the thugs should have to serve hard time for their crimes. Because they are wealthy shouldn't make them above the law. They should be stripped of their ill got gains and sent to a state prison not a federal country club. They are common criminals and should be treated as such.

  • ericroded

    Just when you want to attack Iraq, WHAMO!

    God smiles on you!

  • Adam503

    Halliburton moved their corporate HQ out of the US. Why is Haliburton still getting all that US government business?

    Why haven't we made sure only US based corporations get first shot at US government contracts? Foreign corporations should should only get a shot government contracts if it's proven no US based corporation can do the work.

  • CosimodiRondo

    Has there ever been a corporation that has done more damage to the US than Halliburton? How should they be punished? More no-bid contracts, probably.

  • Who's on First?

    Pre-spill – the question of the decade should be, who planted the thermite that brought down the world trade center buildings 1, 2 & 7 on 911, and faked two airline accidents (sorry, absolutely no evidence that airliners crashed into a field in Shanksville PA, or the Pentagon). Haliburton & pals have made untold fortunes by these engineered disasters. I'm thinkin it's the same bunch. Obaba, the world needs you to investigate, and peel back the significant layers, not just the surface fluff. WHO ARE THE SHANKSTERS? They are still operating the false-flags-for-massive-gobvernment-contracts game.

  • Jdnaples

    somehow, we gotta find out what happened at that meeting.

  • imwc

    again…find out who shorted the stocks just before both inside jobs…9/11, and the gulf oil spill…follow the money stupid…!!

  • My3Cats

    Hum, I wonder if BP's other rig “Atlantis” (which is allegedly more dangerous than the Deep Horizon rig) will blow up on 9-11? It would be good for bidness.

  • cliffhammond

    …unless they're betting on an oil war with Iran.

  • airjackie

    Darth Cheney came out of the Cave to take over BP and notice how Rep. Barton helped. It's a fight by Oil Companies to see who will win. Cheney ran the Enegry Task Foce the day he took office and allowed BP and others to drill with no oversight or regulations. We saw thousands of soldiers die and Cheney said ” SO”. We went into a Recession and Cheney could careless but when Oil is the topic out comes Cheney. Cheney even suggested that Obama put this crisis in his hands. All the GOP and even some Dems who have large Oil shares are attacking Obama for making BP pay the people who are suffering. Notice how the people are so mixed up they continue to follow the Law Makers who are working against them. No word for President Bush because he really had no idea what Cheney was doing the 8 years in office. Bush gave Dick Cheney Executive Privilege to sign and control the Oil contracts and make deals with the Saudi's to steal Iraq Oil. All the talk about Iran isn't about axis of evil but it's all about Cheney controlling the Oil in Afganistan, Iraq and Iran. It was a Power stuggle for Oil that almost worked.

  • Pam

    This oil spill was probably planned back when Cheney met with the oil companies early on just so that Bush's successor, no doubt a dem, would have such a giant tragedy to deal with. Tragedy is Cheney's stock in trade.

  • partypoo

    they are not the only one, Vanguard sold a bunch of stock a couple of weeks before the spill, guess who owns stock in this company, yep you guessed it Obama

  • overdoneputaforkinit

    For Halliburton to exist there must be wars and disasters.When business slows down, what is Halliburton to do to make more business?

  • anuran

    If you're going to be a dimwitted fucknozzle at least try to be a slightly less ignorant dimwitted fucknozzle. Obama, as is standard practice for Presidents, put his assets into a blind trust when he was elected.

  • mote

    Well, Uh………………..

  • Mote

    BullShit……………………………That's All Folks

  • Mote

    Even Cheney (The Most Evil Human on the Planet) couldn't think of a plan like this. Sorry DICK, but you're not smart enough to conceive something like this…. If I came up with a movie plot 2 years ago where a foreign oil company drilled without discretion and ruined the Gulf + with a major guyser of oil they could not control it would be a #1 Hit ! Just like Star Wars! Maybe Dean Koontz would have thought about it. One would have never imaginged this scenario in real lfe…….and it's now here……………………..Good Luck Y'All

  • MIB

    That didn't stop the criticism of Bush and Cheney, now did it?

  • KatWillow

    I'm pretty sure Haliburton has build a few sub-standard prisons. Can't put their people in them, cause probably too easy to escape. Unless Guantanamo?

  • KatWillow

    haliburton bought them up, or destroyed them? Or the other companies are GE and Motorola and Disney Inc.

  • KatWillow

    Their trusts weren't “blind”; they knew what was in them.

    Cheney kept his interest in Haliburton, even while he decreed “no bid” contracts for them; which are the antithesis of what our Gov is supposed to do -by law- with all its contractors for all services. The Law says “lowest bidder”. The claim by Cheney was “not enough time”, but considering the Wars were planned from day 1 of the Bush reign, oh there was Plenty of Time for low bidders.

  • Big Alien Head

    So this is a further bold crime potentially by the likes of mass murder engineers and crisis consultants. There is a really bad television program on Fox News called “Cashin' In” giving stock tips in relation to catastrophic news items. So the revelations of pre-evil dealings are pretty much not news. As much of a grievous brain injury it can cause to dwell on it for any length of time, there is a class of people whose DNA is much different than those of empathetic people who continue to churn the Earth and its inhabitants it their machine of horror. Money and profit really are a secondary consideration to raw power and control, they need to achieve a totality and can't let any living thing off the hook with delusions of peace, health, and security.

  • Damonous

    Well, as much as this new wrinkle stinks of 'something fishy', let's keep the 'eyes on the prize', here. Everyone really needs to read the 6/24 Rolling Stone article on the Gulf Oil Spill (available online). An excellent expose that shows that BP has consistently (over the years) engaged in unsafe operations, mass corruption, and indifference for the sanctity of human life. Halliburton is evil; sure. And, maybe they're partners in evil with BP on this one. … But Obama and his Administration are JUST AS RESPONSIBLE for this mess as Busy/Cheney. Yes: Bush/Cheney set the precedent for corruption & de-regulation. However, Obama & Salazar did NOT clamp down on the regulatory problems as promised at the start of his administration. In fact, they greatly escalated deepwater drilling in the Gulf, did NOT raise standards & regulations, and were the ones to approve Deepwater Horizon's license. ….Including the non-existent BP recovery plan for oil spills. Democrat = Republican. Same corruption & lies. America needs to vote for independents/3rd parties for any hope of 'real' change. —Because, let's face it: any REAL President (probably 30 days ago) would have frozen BP's assets, and called to bear support from around the world (the Dutch, experienced in spill-cleanup, have offered and have been on perpetual standby). Kevin Cosnter's 'magic' filtration machines have been delayed in red-tape hearings and slow-pay from BP. Meanwhile, BP continues to block media coverage of the Gulf spill (with Obama's blessing), screw with the locals, and pour the extremely toxic Corexit 500 into the water (making matters worse). If hurricane season stirs up, people are going to DIE from this, in numbers. They're all hiding this rather important detail that many scientists around the world are warning of.

  • barkingyellowdog

    special place in hell?

  • darker

    Halliburton to make money off oil spill? hahaha.
    Halliburton = what a DISASTER!

  • darker

    Can you PROVE what you just claimed about Obama owning that stock?
    You can CLAIM ANYTHING but prove nothing. More bullshit from you doesn't help.

  • darker

    PROVE IT! anybody can claim anything.
    If you cannot prove it JUST SHUT UP please. Ugh.

  • lincolnparadox

    That's funny. On Fox News I only hear good things about Halliburton.

  • dtryy67

    Sept 11 2001 all over again

  • The Truth

    Oh hey what a surprise Halliburton made money off making the mess and now they'll make money off cleaning it up.

    Perfectly ethical and permissible.

  • The Truth

    Oh hey what a surprise Halliburton made money off making the mess and now they'll make money off cleaning it up.

    Perfectly ethical and permissible.

  • SynGas

    Crime Scene. Put Halliburton on Trial. Put BP on Trial. Don't employ them! Now we have private RentaCops telling “journalists” to stay off public beaches. Arrest the rentacops. People are brainwashed that Oil is God, now they can swim in it. For all of you who still work for BP, still own their stock, buy from their gas stations: Have you no dignity? You must hate yourselves. The coast guard and FEMA should be dealing with this disaster, not the criminal corporations that created it. It becomes more obvious everyday who owns this country and it's not the “little people”. We, the Corporations laissez faire Chicago Boys propaganda freedumbdumb muted, the ether from the sea has been released and will now eat what's left of your brain until you can no longer breathe.. close your eyes, everything will be o.k. just be passive and all will be well. Do as you are told. Hope and Change.

  • chris

    Why aren't these companies on trial?? Can Obama really be in bed with BP and Halliburton?? They aren't even American companies, so why does America have to deal with disposing of their mess?? If Halliburton can dish out millions to purchase a cleaning vessel days before the explosion, they can afford to ship that mess for the clean up to Britian!!!!

  • Washingtonian

    Where are the ethics in all of this? I can't even take a piece of driftwood off the beaches yet foreign companies can come here and destroy it, then make money off cleaning up what they've destroyed.

    IF Halliburton warned BP and BP didn't listen, Halliburton is JUST AS RESPONSIBLE for not taking it a step further to insure those casings were completed correctly.

    I'm SICK of reading how Halliburton is profitting off the lost of what America's had. They're destroying our land, killing our wildlife and now are getting PAID for their efforts!!!

    America, it's time to turn the TVs off, pick up your weapons and fight back!!!!

    Does anyone see a set up to take over our strongest entities??

    People are getting angry and these other countries may think we've got no back bone and they can come here and just take, take and then take some more.

  • MyVoteDidntCount

    http://www.alternet.org/story/147228/american_b… goes right along with this article about Americans dying daily at work.Large corporations do not cater to society's needs….only to corporate greed.

  • MyVoteDidntCount

    Where are the checks and balances? Warn themselves….'Uh oh….forgot the damn post it notes, oh well'? Who over see's that? Certainly not the American Government.

  • gunabut

    The CEO of BP doesn't give a damm he will get paid, Obama will still get a big pension, none of the responsible will take any pain.

    None of these companies have any loyalty to any country and no country is as powerful as these corporate megoliths.
    BP is happy that the americans are blaming some country in europe for this mess and the american government and regulatory authorites are so corrupt and weak, all they can do is go along with what they are told.

    The only worry BP has is the fact that every barrel of oil spewing out is revenue loss of $80 and that is the only incentive it has to stop it.

  • Joey Tavares

    Hmmm – wasn't it a Halliburton submarine down there at the time of the explosion?

  • Joey Tavares

    Hmmm – wasn't it a Halliburton submarine down there at the time of the explosion?

  • howie bledsoe

    just like a refridgerator takes heat and makes cold, Cheney and co. can take a catastrophe and make a fortune. They are so above the law now that they connot be stopped, even death cannot stop the power they wield. They are more of a dynasty than a criminal cabal at this point, and will stay in power until they achieve their goal of destroying the world.

  • http://www.facebook.com/people/Lela-Morgan/1519350780 Lela Morgan

    Not surprise at anything i hear about cheney and Bush are involved in.

  • http://www.facebook.com/people/Lela-Morgan/1519350780 Lela Morgan

    If this is true Haliburton will have a job for years cleaning up.

  • DJ MichaelAngelo

    This article is a bit alaarmist – lots of theory and speculation, but little facts and almost no evidence. C'mon people, enough with the conspiracy theories – try to get some cold hard data or evidence to back up your sensational claims!

  • Boneman

    Our government is a duopoly: i.e., Democrat = Republican. Or like I heard somewhere…. very much like the WWF (World Wrestling Foundation). Th players come out and put on a show for the public but afterwards they go behind closed doors with the lobbyists, special interests, IMF, CFR, Bildeberg group, Federal Reserve, etc., and figure out how they can best profit from it. We are all slaves.

    An old Zen saying: If you want to control a bull you don't put it in a small pen, you let it wander around in a large area. This is how you control a bull. Can you imagine…. barcode anyone?

  • Lyman

    How many more fucking dots would you have us connect?

  • Lyman

    I wonder when Cheney's seven years will be up and Satan comes and rips out
    his pacemaker? Or does the Devil hand out special absolutions to his to his
    most loyal servants?

  • Jim

    Make money? For Christ's sake, they are a business. Where is the story? If I am hired to do a job I would expect to be paid. Wouldn't anybody?

  • frantaylor

    Profit in good times
    Profit in bad times
    Some would say it's just a good business plan: put your company in a position to profit no matter what.
    But they are quite literally scum suckers.

  • frantaylor

    This article is filled with cold hard facts but you don't have the reading comprehension skills to find them.

  • guest

    Are you really that braindead?

  • guest

    BP or Halliburton plant. No one can be this stupid.

  • DesertSun59

    Eric Cantor has a conflict of interest and he still has a job. His conflict of interest is that he shorted ~$15K of Tbills, expecting the US to default.

    So, why can't Halliburton have a conflict of interest. It's the American way.

  • DesertSun59

    Keep trying. We're on to you.

  • swtcltfrPhl

    I KNEW IT! Sooner or later it would come out! That's all I am going to say!

  • partypooper

    they are not the only one, Vanguard sold a bunch of stock a couple of weeks before the spill, guess who owns stock in this company, yep you guessed it Obama

    Obama's Stock Portfolio: See His Top 10 Stocks
    http://www.huffingtonpost.com/2009/05/15/obamas…

    Shareholders Selling BP
    http://investors.morningstar.com/ownership/shar…

  • http://www.wwnewsflash.com/oil-spill#346222 World Wide News Flash

    Disaster capitalists: Halliburton to make money off oil spill ……

    I found your entry interesting do I’ve added a Trackback to it on my weblog :)…

  • Rockingray2000

    ummmhmmm…Boots – In – Cahoots…yep yep

  • http://twitter.com/davidryal David R. Anderson

    Thanks for the link. I've come to the conclusion that it was just a really smart business decision by Halliburton. But think how topsy-turvy a world we live in when Halliburton is the upstanding corporate citizen, while BP are the slacking corner-cutters. Talk about a reversal of public images!

  • Live Free or Die

    Well fucking duh!!!! Why the fuck is Raw Story so far behind the rest of the alternative news world? Since all of this shit broke, it's been reported by many, INCLUDING MYSELF, that Halliburton was going to make millions off of this mess, THAT THEY FUCKING CREATED!!!!!

    FUCK YOU HALLIBURTON!!!!!! FUCK YOU CHENEY!!!!!! FUCK YOU OBAMA!!!!!

    FINALLY, FUCK YOU RAW STORY FOR BEING WAAAAAAAYYY BEHIND. FUCK YOU!!!!

  • Jayeltee

    and the war in the middle east has nothing to do with oil either. [yeah right] is it raining or is someone pissing on my foot?

  • Lyman

    Don't bite your tail, my friend.
    It accomplishes little.

  • QuadSlacker

    Whatever. Don't listen to me. Who, precisely, is going to “arrest” the “rent-a-cops”? Let's continue to spew propaganda, yet somehow a BP boycott will alleviate the slavery with which the petrol industry controls us. Never mind Exxon-mobile, ConocoPhilips, Citgo, Gazprom, Koch, Marathon, the National Oil Corporation, BG, BHP, BB, BBP, Occidental, and the myriad of “private”, “international” corporations which all sell us the gasoline to fuel our vehicles, yet also endeavor to enslave us all through their duplicitous and collusive shenanigans.

    Keep on thinking what you're thinking. Whatever helps you get through the day.

  • http://tarpley.net MyEyesAreOpen

    SEIZE BP AMERICA.
    NATIONALIZE BP AMERICA.

    Check out what the smartest man in the world Webster Tarpley has to say.

  • Independentgal

    In the last five years, BP has had 760 safety violations. Exxon had one safety violation.

  • Boneman

    And neither one paid any taxes…

  • http://www.fact2012.com/?p=1474 States Need To Launch Criminal Investigation Into BP, Federal Government’s Role In Oil Spill

    [...] “Could Halliburton have known that an oil disaster was on the horizon, and planned in advance to profit from it? News reports indicate they could have,” reports Raw Story. [...]

  • SynGas

    Thanx for the tip. The online book about George Bush is really interesting and has so much info it makes my mind spin. Thanx!
    http://tarpley.net/online-books/george-bush-the…

  • hanoc202

    Why the heck does Halliburton still exist as a company?

  • linnie1

    Read the book , “The Rise of Disaster capitalism.” by Naomi Klein. You will know what's going on.

  • Atilla

    Because it is owned by the Bush petrocriminal family, Silly!

  • Atilla

    Nationalize All US Oil ! Why do we pay the petrocriminals to take our oil, poison our nation,and ruin our economy withtheir crimes? At least end the petrocriminal subsidies. Why, the way our politicians act, you'd think we lived in a banana republic!

  • Boneman

    Why do we let banksters print our money and then charge us for the pleasure. BECAUSE WE ARE ALL SLAVES. Slaves cannot stop ponzi schemes…

  • Atilla

    Get Real! The head of MMS was a Bushco appointee. Obamas apointee for the job was being blocked for no reason by the Banana Republicans as are over a hundred others. This government is stillbeing run, just below the cabinet level by Bushco and the Neocon criminals. By establishing the escro account Obama has proved that he is in bed with no one but “WE the People”, The Small People”, as BP puts it. The escrow money will be siphoned off by the Boss Hawg politicos that the gulf is so famous for but that is no ones fault but of the inbred morons that inhabit the Gulf. The fact remains that as a black man Obama is not safe in Grand Isle, La. after dark without the secret service. Only recently has the sign come down saying, “Nigger, don't let the sun set on your black ass in Grand Isle”.

  • http://bilderbergintel.wordpress.com/2010/06/20/a-call-to-action-against-bp/ A Call To Action Action BP « Bilderberg Intel

    [...] “Could Halliburton have known that an oil disaster was on the horizon, and planned in advance to profit from it? News reports indicate they could have,” reports Raw Story. [...]

  • Ccm

    How else is Dick Cheney going to make any money after leaving government?

  • http://lumpenprol.wordpress.com/2010/06/21/states-need-to-launch-criminal-investigation-into-bp-federal-government%e2%80%99s-role-in-oil-spill/ States Need To Launch Criminal Investigation Into BP, Federal Government’s Role In Oil Spill « lumpenprol

    [...] “Could Halliburton have known that an oil disaster was on the horizon, and planned in advance to profit from it? News reports indicate they could have,” reports Raw Story. [...]

  • Laskdjf

    Umm. . . Isn't nationalization of oil companies a regular occurance in banana republics???

  • Bluea6

    Dick is in it to win it. Go Dick!

  • Doug

    It's a shame that people are trying to profit of the disaster as much as they can. Having to wait until the relief wells are finished is horrible. BP should have had this well plugged by now.

  • eldiligente

    just a bit alarmist? this reporting, while using factual data, reeks of conspiracy theory. Has anyone considered that the people that run these mega corporations do so because they do have vision and strategies for making profits? Are they choir boys? Not by any means. Are they criminals? Criminal activity may indeed have occurred, but the way this article is slanted, the first person to be indicted with be George W.!
    DJM, I'm with you!

  • Haadogeifoo

    this is some of the worst “reporting” I've ever seen.

    1) halliburton doesn't build oil rigs. most rigs I've been on are either built in singapore or south korea.
    2) “cement casing” isn't “built.” casing is steel pipe that's used to keep the wellbore from collapsing. it needs to be cemented because the OD (outer diameter) of casing is less than the OD of the wellbore.
    3) “focuses on oil spill prevention and blowout response,” != cleans up oil spills.
    4) halliburton does not provide the casing. halliburton provides the cementing service.
    5) so a halliburton engineer will notify the well owner that their well design is terrible, yet at the same time halliburton plans on profiting from the disaster? I can see that halliburton was planning on profiting from the disaster if they never notified BP.
    6) http://en.wikipedia.org/wiki/Parable_of_the_bro…
    7) gramling's cv: http://soci-anth.louisiana.edu/facultystaff/gra… . this guy definitely sounds like he's unbiased and knows what he's talking about

  • Boneman

    CORPORAPISTS RULE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! HA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

  • http://www.hottospot.com/2010/06/20/politics/states-need-to-launch-criminal-investigation-into-bp-federal-government%e2%80%99s-role-in-oil-spill/ States Need To Launch Criminal Investigation Into BP, Federal Government’s Role In Oil Spill | Hot to Spot

    [...] horizon, and planned in advance to profit from it? News reports indicate they could have,” reports Raw Story.“The New York Times reported in May that BP was concerned about the rig’s well casing [...]

  • http://unitednationsoffilm.com/?p=1663 We the People : Herald the New Age – United Nations of Film

    [...] [...]

  • Lester

    Halliburton engineered this oil spill? How do you use the statement that they told the owners (BP) that the engineering of the cement well wall was “against best practices?” The snake eating it's own tail doesn't apply here. Though neither does the parable of the broken window. Unless of course BP(shopkeeper) was somehow related to Haliburton (the bad son).

    So I guess everyone complaining about Haliburton making a buck(ok lots of bucks) are coming down here to Volunteer to help? Funny, whenever hurricanes hit down here (pick one) there bus loads of “help” that pours in from out of state. They all say “we are here to help.” Then I say “Oh, you volunteered to come down here?” “Well, no but we still care.”

    There is opportunity in devastation. Plain and simple.

    I guarentee that the BP operators are to blame here. Contractors(especially newly hired contractors) are usally extra dilligent in their reporting. Some facilities are quite strict when it comes to safety precautions and regulations. Well, let me rephrase that, there are units inside every plant that look at safety and reporting as serious and are meticulous in ther monitoring and reporting. So if your a new contractor, you don't know who your dealing with.

    Whenever I trained someone to go out and monitor a route in a spefic unit for leaks (basic maintance at every mainland facility) I always, Always told them to watch out for other people that you work with or around. I honestly cannot remember an accident that was simply a “mechnical” failure. When these things are audited, it always shows somebody fudged numbers somewhere because they where inept, lazy or just improperly trained employees.

    I was born and raised in Pasadena TX. If anyone doesn't know, Stinkadena has a strip of about 15 miles long that is Chemical Plants next to Refineries next to Chemical Plants and so on… Oh yeah, Texas City is about 45 minutes away and Baytown is 15 minutes from here. I have worked at almost all of these plants since the mid 90's. I have certificates coming out of my arse with a plethra of skills that are directly related to various Environmental aspects of the industry (Leak Detection & Repair, Hazardous Materials Handeling & Spill Cleanup etc…). A company call Furmanite used to fly me all around the country (Ca, Al, NY, Ok, IL to name a few) I've also been out to several Oil Rigs.

    In-land plants are ALWAYS more safe. Across the board.

    Even Exxon in Baytown in which you can find valves so old that they still have swastika on them. No Really. Even Dow (Union Carbide) and Amoco in Texas City are better than Rigs. All these places have what they call “grandfather clauses.” Meaning that are older that 75 years or something like that, so they don't fall under the same permits as the newer plants. Even these plants are more safe than rigs.

    So ask anyone around southeast Houston if we should get rid of these plants and see what response you get. Because this recession that everyone else is talking about, I haven't seen a change here. None.

    I'm saying it's a give and take. The smell that used to make this place know as stinkadena is gone (most of the time) because of new regulations.

  • Test

    Wow, are you really that lost conspiracy theory…BP has already admitted to mistakes more and more details are coming out every day about their careless tactics and you have the never to strike at Halliburton for this…Please explain to me why it is so odd that an oil company that acquires numerous sub companies and has been doing so for decades is at fault. Have you never heard of this before? You are completely lost in your theory or have absolutely no idea what happens in the corporate world.

  • Sideboom798

    WHAT THE HELL is a negro doin on an oil rig in the gulf ?

  • Sideboom798

    YOU are very smart ! luv yer brain , ty

  • Bryan

    “Does a company that both builds oil rigs and cleans up oil spills have any motivation to prevent oil rig disasters?” -Daniel Tencer, the raw story

    This quote is attention getting! It also lacks substance and accuracy. If there is any ‘conspiracy’ as to the timing of Halliburton’s acquisition of Boots and Coots, it is that ‘they’ were ‘aware’ that a large spill would be a boom for Boots and Coots PREVENTION (not clean up) business as a result of heightened regulation and oversight.

    Boots and Coots sought to alter is business strategy from cemetery (call us when something bad happens), to provider of preventative equipment and training to the industry in 2008. They made two strategic purchases in 2006 and 2007 to be able to offer these additional services. Certainly knowing that in 2010 Halliburton would offer to buy them out as a result of issues at the Macando well site. Additionally, more than half of Boots and Coots revenues are from the prevention side of the business. This work is primarily on older wells.

    The article also completely neglects to mention the lengthy history of business dealings between Boots & Coots (and all of it’s previous incarnations) and Halliburton. For example the formation of WellCall Alliance in 1995. Or maybe the extinguishing and capping of over 700 well fires in Kuwait in 1991.

    “But reassurance about how diversified the business’ services are can lead to relaxed decision making over time, some suggest.” — Thanks Christian Science Monitor, but who are the some that suggest this?

    Maybe, this acquisition could be explained by consolidation in the oil services sector. After a very slow year in E&P (exploration and production) in 2008 many small companies were under valued. Large oil service compainies looked to grow market share, enhance offerings,and cut costs by acquiring competitors. This is were you would normally see the word synergy, but I won’t use the word synergy. Instead, I will say that this synergism (sounds dirtier) between the combined companies ultimately offers an increase in shareholder value. This can be exemplified by the 8/31/2009 Baker Hughes Inc acquisition of BJ Services (if a company could provide synergism it’s BJ Services) and the 2/19/2010 Schlumberger Ltd. acquisition of Smith International Inc. Unless rawstory.com can identify how these mergers will benefit from some sort of disaster, I will simply sugest that this article is written in the style of, say, the inverse of Shawn Hannity.

    Oh, and to answer your question Mr. Tencer, yes. Pardon me if I don’t discuss the legal ramifications of causing an oil spill in order to perform the cleanup. If I were GW Bush, I would say you mis-under-identified what most likely to be a non-existent conspiracy. You close the article with an indication that Halliburton will experience a revenue boost from the acquisition. That is correct. A 1.4% ‘boost’. Just so you understand: If your employer offered to ‘boost’ your $50,000 salary by 1.4%, you would earn an additional $700 or $58.34 per month.

  • Bryan

    What happened to the rule of law and due process? Encouraging the federal gov't to seize assets without adhering to the rule of law and due process is just reckless and foolish.

  • Myriam

    How are they profiting? They are due money because BP has implicated them in this mess that is none of their doing. You don't think that cost them even more money than they can ever recover?

  • http://www.thefalseoswalds.com/states-need-to-launch-criminal-investigation-into-bp-federal-government%e2%80%99s-role-in-oil-spill States Need To Launch Criminal Investigation Into BP, Federal Government’s Role In Oil Spill « The False Oswalds 3.0

    [...] “Could Halliburton have known that an oil disaster was on the horizon, and planned in advance to profit from it? News reports indicate they could have,” reports Raw Story. [...]

  • Lester

    “Or maybe the extinguishing and capping of over 700 well fires in Kuwait in 1991. “

    Great point.

    If you remember that time, oil prices went through the roof when he did this.

    All the traders and stock brokers were elated and chanting for him to do more damage. If Brown and Root have had such a corrupt company making money off disasters, with Dick Cheaney on Bush Sr.'s Team, couldn't they have made TONS of money by letting oil fires burn for much much longer????

  • john

    hey doug ,
    would you go out and work 12 hours days in 100deg temp's for free ?
    no one gives me anything for free i have to pay for it ,
    this is not profiting from disaster this is , we have to pay the crews that are out there trying to stop it..

  • Mosbysmen

    so i guess you use no oil, gas, natural gas or electricty that is produced from those sources . you want to nationalize the oil companies so you want to be a communist is what your really saying .
    please tell me your not old enough to vote.

  • guest

    factual data baloney .
    halliburton does not build rigs .
    the boots and coots sale to halliburton had been in the works since last year . dick cheney has not worked for halliburton in 15 years .. give me a break

  • Mosbysmen

    so if the car mechanic says your fan belts are about to break and you tell him i dont have the money , dont replace them , the mechanic should not listen to you and go ahead and replace the fan belts ?
    halliburton was working for bp , they have zero rights to force bp to do anyting ..

  • guest

    why did halliburton get a “no bid contract”? because no one else in the world could have done the job the u.s. goverment wanted done.
    oh and halliburton has since sold K.B.R. because they didnt want that type of work again.

  • rmrilke

    If Dubai-based Halliburton sold KBR recently, it wasn't because they “didn't want that type of work.” They would have sold it to get rid of their liability in lawsuits against KBR from their performance in the invasion and occupation of Iraq.

  • http://unitednationsoffilm.com/?p=1728 All Roads Lead to Rothschild – United Nations of Film

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    [...] with some oil disaster. All these people buying and selling at the right moment is astounding. http://rawstory.com/rs/2010/0618/halliburton-making-money-oi... GL, Terral __________________ "The same 4-page Pressure-Sheath Technology Presentation [...]

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  • http://www.facebook.com/people/Diego-Kim-Vlaamse-Boef/100001281159198 Diego Kim Vlaamse Boef

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  • http://www.facebook.com/people/Diego-Kim-Vlaamse-Boef/100001281159198 Diego Kim Vlaamse Boef

    Yeah & ahh they buy the Company that makes COREXIT at the same time yeah thats the ticket its been BANNED EVERYWHERE so we will make a KILLING we are the Well Capers we are the Clean uppers & we will KILL THE OCEAN & America selling them COREXIT since we CANT SELL IT TO ANYONE ELSE!

  • http://www.facebook.com/people/Diego-Kim-Vlaamse-Boef/100001281159198 Diego Kim Vlaamse Boef

    Anyone who thinks its an Accident is a Chemicaly Lobotomized Zombie! The ODDS of all this happenning while the CEO of BP, Wells Fargo, BofA, JPMorgan, Citi Bank, Goldman Sachs & Numerous other BIG WIGS Selling 98% of their shares two weeks to 2 days before the spill ARE IMPOSSIBLE UNLESS THEY KNEW. The least that should happen is that they are IMPROSONED FOR INSIDER TRADING! WTF THEY GET AWAY WITH MURDER!

  • http://www.facebook.com/people/Diego-Kim-Vlaamse-Boef/100001281159198 Diego Kim Vlaamse Boef

    Anyone who thinks its an Accident is a Chemically Lobotomized Zombie! The ODDS of all this happening while the CEO of BP, Wells Fargo, BofA, JPMorgan, Citi Bank, Goldman Sachs & Numerous other BIG WIGS Selling 98% of their shares two weeks to 2 days before the spill ARE IMPOSSIBLE UNLESS THEY KNEW. The least that should happen is that they are IMPRISONED FOR INSIDER TRADING! WTF THEY GET AWAY WITH MURDER!

  • http://www.facebook.com/people/Diego-Kim-Vlaamse-Boef/100001281159198 Diego Kim Vlaamse Boef

    Anyone who thinks its an Accident is a Chemically Lobotomized Zombie! The ODDS of all this happening Halliburton buys Boots & Coots at the same time they buy the Company that makes COREXIT yeah that's the ticket its been BANNED EVERYWHERE so we will make a KILLING we are the Well Capers we are the Cleaner uppers & we will KILL THE OCEAN & America selling them COREXIT since we CANT SELL IT TO ANYONE ELSE! while the CEO of BP, Wells Fargo, BofA, JPMorgan, Citi Bank, Goldman Sachs & Numerous other BIG WIGS are Selling 98% of their shares two weeks to 2 days before the spill ARE IMPOSSIBLE UNLESS THEY KNEW. The least that should happen is that they are IMPRISONED FOR INSIDER TRADING! WTF THEY GET AWAY WITH MURDER!

  • http://pulse.yahoo.com/_7HRZQN6RSRTB5E3BLJ5JMGCZ24 Lester

    see top

  • http://pulse.yahoo.com/_7HRZQN6RSRTB5E3BLJ5JMGCZ24 Lester

    Your overuse of the Caps key doesn't help to make your point. Nor does reprinting the same comment over and over and over and over…..

    If these CEO's did in fact sell 98% of their stock as you say they did, you are absolutely right in saying that they should be imprisoned if not tarred and feathered. I would like to see where this information is coming from however. Show link please.

    It sounds like disinformation that has been put out in order to shift people's attention away from BP. I think you are more likely to find a systematic failure of policies and standards throughout this particular facility.

    Someone is indeed to blame. A truly independent panel needs to be formed without any of these companys or their competitors on it because someone must be held accountable.

    Just once, can we hold SOMEONE accountable??

    Now, I've got to find some brains to eat to fill my lobotomized hole…

    mmmmm brains, breakfast of champions…

  • http://usahitman.com/?p=7443 Disaster capitalists: Halliburton to make money off oil spill | USAHM News | The Media Hitman Has Arrived. Classified Information, and a Conspiracy?

    [...] Article Link // BP board game foreshadows Gulf disaster (58%)Halliburton 2Q Profit Jumps 83 Percent (40.4%)Gulf awash in 27,000 abandoned gas, oil wells (17.5%)Ships evacuated from Gulf as tropical storm advances (17.3%)Venezuela seizes oil rigs owned by US company (16.3%)The Nuclear Oil Spill Option: It may happen now. (4.2%)Urgent – Radioactive Oil From BP Blowout!!!!!!!! (4.1%)EPA data show dispersants plus oil are more toxic than either alone (4%)WAR on The World: Rothschild League’s 30 Facts Evidencing Gulf Oil Disaster Was Planned‏ (3.9%)Government Experts reveal 420 MILLION to 840 MILLION gallons of BP oil have flowed into Gulf (3.9%)CDC advises “Everyone, including pregnant women” to avoid areas affected by spill; Expert says crude oil contains “some of the most toxic chemicals that we know” (RANDOM – 1.6%) Post Published: 19 June 2010 Author: conspiracyman Found in section: Interesting Things, Oil Spill [...]

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    Nothing that Cheney OR Halliberton do would surprise me. They don’t give a crap about our planet, they are only interested in Money, and Power! Cheney and Bush should be tried for WAS CRIMES!

  • http://twitter.com/hddragracer donald e goodman

    Nothing that Cheney OR Halliberton do would surprise me. They don’t give a crap about our planet, they are only interested in Money, and Power! Cheney and Bush should be tried for WAS CRIMES!

  • http://twitter.com/hddragracer donald e goodman

    Nothing that Cheney OR Halliberton do would surprise me. They don’t give a crap about our planet, they are only interested in Money, and Power! Cheney and Bush should be tried for WAS CRIMES!

  • http://twitter.com/hddragracer donald e goodman

    Nothing that Cheney OR Halliberton do would surprise me. They don’t give a crap about our planet, they are only interested in Money, and Power! Cheney and Bush should be tried for WAS CRIMES! I see you used Caps too? And you’re a fool, if you can’t understand they profit, either way.

  • http://twitter.com/hddragracer donald e goodman

    Nothing that Cheney OR Halliberton do would surprise me. They don’t give a crap about our planet, they are only interested in Money, and Power! Cheney and Bush should be tried for WAS CRIMES! I see you used Caps too? And you’re a fool, if you can’t understand they profit, either way.

  • http://twitter.com/hddragracer donald e goodman

    Lester…..You talk too much

  • http://twitter.com/hddragracer donald e goodman

    Lester…..You talk too much

  • http://twitter.com/hddragracer donald e goodman

    Lester…..You talk too much