Maybe BP’s new CEO ought to walk back his comments blaming the media for the frenzy over the Gulf oil spill: Both BP and Halliburton knew that the cement they used to seal the Deepwater Horizon well was unstable, but they used it anyway, according to the presidential commission investigating the disaster. Halliburton had conducted three tests on the cement, all of which showed that it was below industry standards; the results of at least one of those tests were presented to BP. The lead investigator, Fred Bartlit Jr., said that had the cement worked properly, there would not have been an accident.
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