Friday, August 27, 2010

BP (NYSE:BP) Drilling Engineer Won't Testify at Hearing

Being one of the key people and decision maker on the Deepwater Horizon oil rig leading up to its explosion, BP (NYSE:BP) drilling engineer Mark Hafle said he won't be testifying before in the hearings being held.

Another BP drilling engineer who presumably isn't as important in the decision-making process, Brett Cocales, will testify before the panel.

The federal panel investigating the accident is made up of the U.S. Coast Guard and the Bureau of Ocean Energy Management, Regulations and Enforcement.

The purpose of the joint panel is to find out the reasons behind the explosion on the oil rig, and ultimately to offer recommendations on how to prevent something like that from happening again.

Americans have a constitutional right on whether to testify or not, and Hafle exercised the right, the reason he's allowed to bypass the hearings.

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