Thursday, January 31, 2013

BP but no mention of Halliburton

British Petroleum yesterday pleaded guilty to 11 counts of seaman's manslaughter.  The amount of money that they will be paying is still being totalled but so far it includes the following recipients. 

$7.8 Billion to the Gulf Coast residents and businesses.
$2.4 Billion to the National Fish and Wildlife Foundation
$350 Million to the National Academy of Sciences
$4 Billion in fines related to the manslaughter charges
and possibly
$17 Billion in fines through the Clean Water Act

The recipients with the word Act and National in their names are government entities and once the cashiers get those funds in the Treasury then one might as well say.....SYLM

SYLM is the explanation when trying to determine how the money gets directed toward the proper parties once it is in the governments ledger.

(See You Later MF)

Simply pause for a second and think back to the national disasters starting with Katrina. So much money was raised through the federal government and private charities, which include star studded fund raisers and various deep pocket philanthropists......and yet I see stories all the time where people in New Orleans are still wondering when the help is going to arrive. I just saw a story about a neighborhood in New York that got creamed by Sandy and unless those poor people are flat out lying it seems that very little funds have gotten to them.

If the government makes financial disaster fund recovery as complicated as I think they might then a very large percentage of the needy people have most likely not been able to fill out the proper paperwork, without a group of lawyers involved, and everyone alive knows that once a group of lawyers gets involved then the only people receiving funds turns out to be the group of lawyers.

THIS IS A 60 MINUTES STORY THAT SHOULD TAKE UP ABOUT TEN SHOWS.....WHICH THEN WOULD BE CALLED THE 600 MINUTES SHOW.

I'd like to see a truck full of cash pull up to one of the affected neighborhoods with a list of residents in one hand and a wad of cash in the other.  If you've got proper ID and something with your address on it then you get some folding coin.

I can promise you one thing....all that money shown above that is being paid by BP will be recovered in a very short time period. 

British Petroleum in 2011 had revenues totalling $375 BILLION and had a net profit of $65 BILLION.

What I can't seem to figure out is why Halliburton doesn't get mentioned in any of these payouts.  Originally it was their construction company that was involved in a very important part of the oil rig failure.

Wikipedia
In September 2011, the U.S. government published its final investigative report on the accident.[34] In essence, that report states that the main cause was the defective cement job, and put most of the fault for the oil spill with BP, also faulting Deepwater Horizon operator Transocean and contractor Halliburton.[35][34] The first spill-related arrest was in April 2012; an engineer was charged with obstruction of justice for allegedly deleting 300 text messages showing BP knew the flow rate was three times higher than initial claims by the company, and knew that Top Kill was unlikely to succeed, but claimed otherwise.[36][37][38] On 14 November 2012, BP agreed to plea guilty and pay $4.525 billion in fines and other payments for a criminal settlement. It also plead guilty to 11 felony counts related to the deaths of the 11 workers. Criminal charges has been filed also against four BP employees. BP still faces payouts to thousands of fishermen, businesses and others harmed by the spill, and the fines under the Clean Water Act, which could reach as much as $21 billion. On 28 November 2012 the EPA announced that BP will be temporarily banned from seeking new contracts with the US government because of the oil company's "lack of business integrity" during the Gulf of Mexico oil disaster.[39]

I'm trying to locate how much Halliburton needs to pay for making defective cement.

Like I realize this is nit-picking but if defective cement wasn't made then perhaps no accident would have occured and if that's the case then Halliburton, as the contractor, would owe BP a HUGE sum of money.  But of course Dick Cheney probably stepped in and............hold it right there.

So you don't think that Mr. Cheney has any influence within the current structure of our government?

If I'm realistic, and I've never been accused of such nonsense, then I'd have to agree with you.....but ten years from now (2023) we'll find out that Halliburton is paying former Attorney General Eric Holder a very large consultant fee for the fine work he did in 2010,11 and 12 regarding the Deep Horizon tragedy and Halliburton's part in the disaster.....and then a Wikipedia investigator will discover that those fees have been in place since 2010 thanks to the gay relationship between Eric Holder and Dick Cheney.

Seriously......I don't make this shit up just to be funny.   I'm pretty sure this is how things work.

But I will say one thing.

I sure hope to God that I'm fucking wrong.

But once again Halliburton seems to have escaped without even a scratch....and for sure without even a slight mention in the settlement story.

Amazing

Michael Timothy McAlevey









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