Why Did Halliburton Buy An Oil Cleanup Company 8 Days Before The Oil Spill?by David AndersonThe Inspired Economist Jun. 18, 2010 |
Claim Jewish Student Was 'Stabbed In The Eye' by Pro-Palestine Protester Draws Mockery After Video Released
Mistrial Declared in Case of Arizona Rancher Accused of Killing Migrant Trespasser
Sen. Hawley: Send National Guard to Crush Pro-Palestine Protests Like 'Eisenhower Sent the 101st to Little Rock'
Senate Passes $95B Giveaway to Israel, Ukraine, and Taiwan, Combined With TikTok Ban
AP: 'Israeli Strikes on Gaza City of Rafah Kill 22, Mostly Children, as U.S. Advances Aid Package'
There are innumerable of bits of information floating around in the battle over the narrative of this national disaster. This one is particularly disturbing. From AOL’s Daily Finance just over a week before the spill: “…the days of independence have come to an end for Boots & Coots as the company has agreed to sell out to Halliburton (HAL) for $240.4 million.”M&A in the industrial and oil services sectors is totally normal, but the timing in this case, is not. Boots & Coots sure seems like the perfect company to own if it would soon become necessary to get more involved with some oil disaster (emphasis mine): Boots & Coots has two core businesses. First, there is Pressure Control, which involves prevention and risk-control services for oil- and gas-well fires and blowouts. A key to this area was the acquisition of John Wright, which developed sophisticated technologies to measure well integrity.Does this strike readers as a coincidence? If so, it’s a pretty lucky one for Halliburton. |