Halliburton was on the Deepwater Horizon within 24 hours of the explosion. Literally, their negligentful practices in their work and safety standards have lead to their ability to earn millions, hence, profiting from the work that contributed to the rupture and eleven deaths of employees of Transocean and profiting from the clean up work facilitated while contibuting to the disaster.
Halliburton should have been out of business a long time ago. Cheney kept it afloat during his Vice Presidency to prevent liability from cooking the books that was assigned to Cheney when he was CEO. Halliburton overcharged the USA for the work it did in Iraq. Halliburton has caused injuries and deaths of USA miltary because of shodding work. Halliburton was called in to do 'oil well field' rehabilitation within the first week of the Iraq invasion. Halliburton's work in Iraq has been so poor it has caused problems with citizens of that country as well.
When does this stop? When does the USA 'get relief' from Wall Street industries that continue to destroy the concept of dignity, honesty and integrity.
Now, we have to pay a company to be obtained by Halliburton to profit off its own mistakes. Mistakes that take livelihoods from USA citizens and profoundly hurts the USA economy.
Enough already. We don't want them practicing their 'blood money' strategies within the borders of the USA !
...According to a report at the Christian Science Monitor Friday, Boots and Coots (click title to entry - thank you) 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....