Tuesday, May 18, 2010

Oil Spill A Possible Inside Job By Halliburton (NYSE:HAL)

There are indications that some are looking at the Gulf oil spill as being an inside job by Halliburton (NYSE:HAL) . Everybody seems oblivious to the fact that Halliburton, just 20 hours prior to the Deepwater Explosion, had finished a cementing project.

On April 29th, Reuters reported "Halliburton improperly and negligently preformed its job in cementing the well, increasing the pressure at the well and contributing to the fire, explosion and resulting oil spill." John Kersey, a survivor said, "it sounded like a war zone."

As a result, 30,000 feet under the ocean floor a high pressure pocket with the force of a massive non-stop hose headed to the surface. Flames shot 300 feet in the air and could be seen 35 miles away.

An ownership paper trail has been followed, this is how suspicions arise. Halliburton subcontracted for Transocean, which operated and leased the Deepwater Horizon for British petroleum.

1 comment:

  1. And how are you linking the "inside job" comment? What are the benefits to Halliburton purposely having the well explode? Contract work on the clean up? Please back your headline up with facts.