Oil companies pass the buck for Gulf spill

[spanone]

WASHINGTON - Executives of the three companies involved in the Gulf oil disaster — BP, Transocean and Halliburton — testified before senators Tuesday and were quick to lay blame elsewhere.

In their opening statements, the executives wasted no time in going after each other.

Transocean, which owned the rig that exploded, suggested work done by subcontractor Halliburton could have been the key factor. Halliburton and BP, meanwhile, said the blowout preventer that failed on Transocean's rig was critical.

"I can see the liability chase that's going to go on," Sen. Robert Menendez, D-N.J., told the Senate Energy and Natural Resources Committee as the hearing got under way.

Sen. Lisa Murkowski, R-Alaska, urged the companies not to point fingers, saying that "we are all in this together."


Separately, the Obama administration announced it will split up the federal agency that oversees offshore drilling as part of its response.


http://www.msnbc.msn.com/id/37079761/ns/us_news-gulf_oil_spill/

[onethatcares]

1. yep, this will be a circlejerk of amazing proportions.

meanwhile, those who have lost their livelyhoods will be eating catfood and wondering where they'll get their next dollar. thirty seven years from now, each company will offer 2 cents on the dollar to those still alive, when they find out 28 of them are alive, they'll reduce the offer to .04 cents and tell them to like it or lump it.

Meanwhile the elected representatives will retire to cushy high paying jobs within the same companies.

[paparush]

2. Exactly. And you just KNOW it will end up as Private Profit, Public Clean Up (tm)

I don't believe Congress has the stones to really reign in or truly punish any major corporation.