Saturday 15 January 2011

Disaster capitalists: Halliburton to make Money off Oil Spill - The Raw Story

Here's a great question to chew over:

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

Some say no. When money is to be made either way, "it makes for a very complex decision-making environment that can become problematic," says University of Louisiana professor Robert Gramling.

The recent (as in days before the spill) $240 million purchase of oilfield services company Boots and Coots has some people thinking it was just too much of a coincidence. Could Halliburton have known that something bad was about to happen?

Personally, I'd like to think not...but you make your own decisions:

Full article here (The Raw Story)

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