Hallburton Pleads Guilty to Destroying Evidence After Gulf Spill

[CowboyMcCoy]

I watched the news yesterday and saw that Halliburton will plead or has pled guilty for their role in destroying evidence in the gulf spill. My first question is who goes and pleads guilty when a corporation goes to court? Their punishment will be 3 years on probation and the maximum fine possible. They gave $55 million on their own accord to the Parks and Wildlife Dept. or some department that I can't remember the name of. This money was given because they're such good hearted and charitable people. I guess my next question is who pees in the cup for Halliburton when they go report to the probation office? Sadly, I've known people walking their dog in the park that got more probation time than these guys who destroyed the gulf coast. There's no one in the world that loves seafood more than me but I'm too scared to eat it. Between the oil and the oil dispersant, I'm gonna pass on the gulf shrimp and lobster for a couple decades.

=======

HOUSTON — Halliburton has agreed to plead guilty to destruction of critical evidence after the Gulf of Mexico oil spill in 2010, the Justice Department announced on Thursday.

The oil services company said it would pay the maximum allowable fine of $200,000 and will be subject to three years of probation. It will also continue its cooperation in the government’s criminal investigation. Separately, Halliburton made a voluntary contribution of $55 million to the National Fish and Wildlife Foundation.

The Justice Department filed one criminal charge against the company. In a statement, Halliburton said that the violation was a misdemeanor associated with the deletion of records created after the accident. Additionally, the company said, “The Department of Justice has agreed that it will not pursue further criminal prosecution of the company.”
<snip>

http://www.nytimes.com/2013/07/26/b...stroying-evidence-after-gulf-spill.html?_r=1&

 

[CowboyMcCoy]

So BP is paying a substantial amount of money here while Halliburton makes a $55 mil donation, which seems like a drop in the bucket to me after criminal charges have been filed....

 

[TellerMorrow34]

I'm not 100% up to date on all this type of stuff but I believe that Halliburton owns BP or something. I'm not really sure. I work for Covenant Security at a Halliburton site and from all the talk during the day it would appear that Halliburton is paying the fine as BP is part of their overall corperation.

 

[WoodysGirl]

I'm not 100% up to date on all this type of stuff but I believe that Halliburton owns BP or something. I'm not really sure. I work for Covenant Security at a Halliburton site and from all the talk during the day it would appear that Halliburton is paying the fine as BP is part of their overall corperation.

Two separate companies. Halliburton was a contractor on a project for BP. Frenemies, if you will.

 

[TellerMorrow34]

Two separate companies.

My mistake. I, for some reason, was thinking that Halliburton had bought them or something. As I said I don't really keep up with that sort of thing because Halliburton always seems to be buying someone up, like Boots and Coots.

 

[WoodysGirl]

My mistake. I, for some reason, was thinking that Halliburton had bought them or something. As I said I don't really keep up with that sort of thing because Halliburton always seems to be buying someone up, like Boots and Coots.

Understood. These megacorps are like the borg.

 

[TwoCentPlain]

I don't see any reason not to eat the seafood from that region. And I don't think the Gulf Coast has been destroyed. Mother Nature is pretty resilient. I heard that the amount of oil leaked from that incident would fill about 3 Empire State Buildings or something like that. Not a lot when you consider how big the Gulf is. Pretty minuscule in fact. And are you really going to know from where that Chinese restaurant got the shrimp you are eating?

All these fines? Who pays them? The consumer pays them in the long run. All of these fines will be built into future prices of gas. The cost of doing business went up due to increased liabilities. Halliburton will add the $55M into the cost of drilling and the BPs and Exxons will pass that cost onto the consumer. BP will just add the $4.5B fine into the cost of gas, a penny or two or dime more for each gallon to cover it. And the Exxons et al will match it to cover any potential future liability and increased drilling costs and make a little extra profit doing it.

Corporations don't pay taxes (or fines). They just add them into the cost of their next product cycle. So, every time you pump gas (or buy an airline ticket or bus ticket) you are contributing to the fine. Can't get around it by riding a bicycle either. The price of food goes up due to increased fuel cost. So, the consumer pays it there too. And who pays Uncle Sam's large fuel bill which includes the surcharge to cover the fine? We the taxpayer.

 

[Section446]

Can't really say that I'm surprised.

 

[WV Cowboy]

I had owned BP stock way before the 'spill'. (I still own it)

I bought it at $41 and it was at $59 or so at the time of the spill. It was also paying a nice dividend that I was reinvesting to buy more stock.

It was a killer stock to own, ... and then the spill. It has recovered to what I bought it at but it was awesome at one time.

 

[CowboyMcCoy]

I had owned BP stock way before the 'spill'. (I still own it)

I bought it at $41 and it was at $59 or so at the time of the spill. It was also paying a nice dividend that I was reinvesting to buy more stock.

It was a killer stock to own, ... and then the spill. It has recovered to what I bought it at but it was awesome at one time.

I'm not sure if this is true or not, could be a rumor I heard, but I heard Halliburton stock owners don't have souls.

 

[WV Cowboy]

I'm not sure if this is true or not, could be a rumor I heard, but I heard Halliburton stock owners don't have souls.

LOL, don't know about Halliburton stock owners, but I owned my BP prior to the spill, and I sure wasn't selling it when it went down.

 

[iceberg]

i'm tired of one side pretending they're the right one.

getting past what is "right" is the issue.

 

[RastaRocket]

My mistake. I, for some reason, was thinking that Halliburton had bought them or something. As I said I don't really keep up with that sort of thing because Halliburton always seems to be buying someone up, like Boots and Coots.

Halliburton is a company that provides services and makes equipment for the oil companies such as BP. BP owns the barrels of oil.

My best friend is an engineer for them.

 

[TellerMorrow34]

Well there you go. I learned a little bit about Halliburton and it's connection with BP.

I thank you all for that information. It's really got nothing to do with my job on the Security end for the Facilities we're at but it's still kind of cool to know more about that sort of thing.