Congress grills BP's practices

Capitol Hill began it's first series of oversight hearings into the BP oil spill in the Gulf of Mexico. The witnesses included top officials from BP America, Transocean Ltd, and Halliburton. Members of the Senate Committee slammed the corporate execs for the lack of safety guidelines involved in building the oil rig. Another source of contention during the hearing was directed toward the Department of Interior's Minerals Management Agency which oversees oil industry regulations.

Category:

News & Politics

Tags:

• cedric moon
• jihan hafiz
• Halliburton
• Transocean
• BP
• America
• oil spill
• Gulf of Mexico
• Capitol Hill
• protest
• department of interior
• rt america

[nevaater]

thnaks for the report.

[mogulkey]

lol my uncle is the guy sleeping at 1:54

[Jam971]

@a3patriot Although your lack of broader perception is worse than mine, a drop of 14% would mean a large decrease in the FTSE stock prices, this would infact collapse the UK's economy dragging the EU and US with it, countries are so realiant on one another in private companies that crushing one could crush the rest, you crush BP you crush the US economy at the same time, Cutting off your nose despite your face is not a great action plan.

[a3patriot]

@Jam971 Obviously you don't know much about economics if you don't think 13.8% is a large number. UK has a higher debt to GDP ratio than the US and is more socialistic than the US. If you unemployment rate went up by almost 14% the UK would be in worse shape than Greece because of the burden that would be placed on your government to pay benefits.

[Jam971]

@a3patriot so you'll find an overwhelming majority going to the EU correct?

So I ahrdly think that the United kindoms Economy would collapse ... thought that was pretty obvious to my point.

Untied states 13.8%

EU countries 43.8

Others 42.4%

[a3patriot]

@tigerfedor Have you seen our trade deficit, unemployment rate and national debt? This great "world economy" thing doesn't appear to be working out too well for us.

[a3patriot]

@Jam971 At least do some research... Google Economy_of_the_United_Kingdom

Exports: United States 13.8%, Germany 11.5%, Netherlands 7.8%, France 7.6%, Ireland 7.5%, Belgium 5.3%, Spain 4.1% (2008)

[Jam971]

I'm starting to find this a bit stupid whilst shifting blame onto BP the US government has done pretty much nothing, all the projects bieng made are funded by BP and the oil drilling company, whilst the US government complains it sits back and points fingers, now if it really caredf or its people would it not put money into saving its econmic structure where it really mattered? BP should be commended on its efforts of internal collapse to save the US coastline than appored by a mockory.

[Jam971]

@a3patriot Actually you'll find its Britain that buys off you, Britains main export is fish ... the over 90% of that goes into the EU, other exports are mainly to the EU itself so saying " How about we do an economic blockade of everything British?" would result in a tiny rise and Private sector collapse in the US when the EU blockades america with support of the "Commies" who are vying for revenge on everything US.

[a3patriot]

@87ocean The leadership on the platform was all BP. There were warning signs of high levels of pressure but BP made the decision to keep going.

"Fucking Prick Americans" Who do you think buys all your shit? How about we do an economic blockade of everything British? Your country would collapse economically. You need us much more than we need you scumbag.