Monday, May 3, 2010

Halliburton (NYSE:HAL) Hammered by Haters

Haters of Halliburton (NYSE:HAL) have used the unfortunate explosion at the Deepwater Horizon rig in the Gulf of Mexico to spew their bile about the company.

While Halliburton did have some role in the oil rig, their biggest one that related to the situation was in providing the cementing on the well which is used to stabilize the walls.

Some idiots even include pictures of Dick Cheney as if he had been the foreman running the show that led to this catastrophe. Pretty psychotic on the parts of these types of people.

As far as the cementing work, Halliburton said recently in a statement: "It is premature and irresponsible to speculate on any specific causal issues.… The cement slurry design was consistent with that utilized in other similar applications… [and] tests demonstrating the integrity of the production casing string were completed."

There have been no conclusions made yet as to the cause of the explosion and the resultant oil leak.

No comments: