June 26th, 2010

Halliburton Buys Oil Clean Up Company shortly before spill.

Does a company that both builds oil rigs and cleans up oil spills have any motivation to prevent oil rig disasters?

That's the question some people in business and politics are asking themselves after Halliburton's purchase of an oil clean-up company 10 days before the Deepwater Horizon explosion that killed 11 workers and launched the worst oil spill in US history.

Some observers see inside knowledge of Halliburton once headed by Dick Cheney. Halliburton, which built the cement casing for the Deepwater Horizon's drill.
It bought the oilfield services company Boots and Coots for $240 million 11 days before the Deepwater Horizon accident.

According to a report at the Christian Science Monitor Friday, Boots and Coots is now under contract with BP to help with the oil spill. The company "focuses on oil spill prevention and blowout response,"Christian Science Monitor reports.