(I found Dick) Disaster capitalists: Halliburton to make money off oil spill

[kpete]

In His First Comments On The Gulf Coast Oil Spill, Cheney Criticizes Obama For A Lack Of Action

Cheney told the audience he is currently writing his memoirs. He also touched on President Obama’s performance in office.

He pointed to the President’s lack of action in the Gulf oil leak. He said Obama doesn’t have enough executive experience, or experience in Washington, to make things happen.

more, plus video:
http://thinkprogress.org/2010/06/17/cheney-oilspill/

MEANWHILE...

Disaster capitalists: Halliburton to make money off oil spill

By Daniel Tencer
Friday, June 18th, 2010 -- 3:10 pm

Does a company that both builds oil rigs and cleans up oil spills have any motivation to prevent oil rig disasters?

That's the question some people in business and politics are asking themselves after Halliburton's purchase of an oil clean-up company 10 days before the Deepwater Horizon explosion that killed 11 workers and launched the worst oil spill in US history.

Some observers see a conspiracy in the actions of the company once headed by Dick Cheney. Halliburton, which built the cement casing for the Deepwater Horizon's drill, announced its purchase of Houston-based oilfield services company Boots and Coots for $240 million on April 9, just 11 days before the Deepwater Horizon explosion.

more:
http://rawstory.com/rs/2010/0618/halliburton-making-money-oil-spill/

......................

So long to Boots and Coots

The oil-well services company will be acquired by Halliburton for $250 million. The deal is part of a consolidation trend in the oil-services industry.
Posted by Charley Blaine on Monday, April 12, 2010 3:36 PM

If nothing else, Halliburton's (HAL) deal to buy oil-well services company Boots and Coots (WEL) deprives investors of one of the most charming company names in Corporate America.

Halliburton said late Friday it would acquire the company for $3 a share, or about $250 million. About $1.73 a share will be in cash; the balance will be in company stock. The $3 price was a 28% premium over Friday's close.

Boots and Coots shares were up 25.3% to $2.94 today.

The deal is part of an ongoing consolidation trend in the oil services business. The industry struggled in 2009 as demand waned after the big break in oil prices in late 2008.

more:
http://articles.moneycentral.msn.com/Investing/Dispatch/market-dispatches.aspx?post=1740750

[bleever]

1. I guess I do know Dick.

I predicted this in a cartoon a few weeks ago, courtesy the Funny Times cartoon lab:

[marmar]

2. He's always lurking.....