Brain
Posts: 3792
Joined: 2/14/2007 Status: offline
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The government should put a lien on these companies immediately, right now, before they liquidate or sell any assets in order to recover to the maximum extent possible the damage they created. Gulf Spill Hearing: Oil Execs Will Point Fingers At Each Other Executives from the three companies most implicated in the disastrous oil-rig explosion in the Gulf of Mexico will point fingers at each other Tuesday morning, according to the testimony they've prepared for much-anticipated hearing of the Senate Energy & Natural Resources Committee. Lamar McKay, president and chairman of BP America, will make a point of telling the committee that it wasn't actually BP's rig, stressing that the rig and its blowout preventer belonged to Transocean Limited. Steven Newman, Transocean's president and CEO, will testify that his team was just doing what BP told them to do, how BP told them to do it -- and anyway it was subcontractor Halliburton's fault. And Tim Probert, Halliburton's chief safety officer, will say that his company simply did what it was told, following industry practice. And he'll point out that Transocean, not Halliburton, was doing something when the rig blew. BP's McKay (read the full text of his prepared statement here) portrays his company as something of a victim: http://www.huffingtonpost.com/2010/05/10/gulf-spill-hearing-oil-ex_n_570827.html
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