Final Thoughts by Khan BP will have to evaluate long and hard as to whether Hayward’s strategy today–be evasive as possible for seemingly legal reasons–was worth the public excoriation that is starting to pile on. Hayward declined to answer most questions about what went wrong, citing a reluctance to speculate amidst "ongoing investigations". And when [...]
Continue reading...Thursday, June 17, 2010
Hayward: "Blow out preventers…across the world…not fail safe" Liveblog by Khan Hayward tells Rep. Barton that he thinks one of the biggest industry lessons going forward will be to make sure the blow out preventers on these wells are actually "fail safe". Right now, he admits, blow out preventers around the world, not just for [...]
Continue reading...Thursday, June 17, 2010
Hayward: "No evidence of reckless behavior" by Khan In response to Rep. Stearns’ (FL) question about whether people were suffering in the Gulf due to BP’s reckless behavior, Hayward responds: "There was no evidence of reckless behavior." Of course, admitting recklessness would exponentially raise BP’s liability in the spill. But he should at least have [...]
Continue reading...Thursday, June 17, 2010
Rep. Barton says some may have "misconstrued" his accusation of a White House "shakedown" and "national tragedy." by Khan Rep. Barton (TX) just took a moment to clear up his "shakedown" comment. Saying he thought BP should be held fully responsible, and should be forced to "make good" on its liabilities, Barton hopes [...]
Continue reading...Thursday, June 17, 2010
A SCOTUS hearing? by Khan The hearing so far is coming to resemble a Supreme Court confirmation hearing– When asked for judgment & opinion on specific matters of the Macondo well’s construction (read: when asked about a specific case), Hayward responds that he is "not prepared to speculate" until the ongoing investigations are completed (read: [...]
Continue reading...Thursday, June 17, 2010
Rep. Dugette’s Futile Questions Liveblog by Khan Rep. DeGette from CO is grilling Hayward on these documents, cited in letters from Waxman & Stupak, giving detailed technical information and likely questions on BP’s well, its safety and its operations, that were sent to Hayward on Monday. Hayward says he hadn’t seen any of them before. [...]
Continue reading...Thursday, June 17, 2010
Not Catching the Drift Liveblog by Khan It doesn’t seem like committee members had a chance to reflect during the one hour recess. Questions from members after returning from their votes seem to be in the same vein as from before the recess, drawing the same, evasive answers from Hayward. Markey denounces Hayward for "equivocation" [...]
Continue reading...Thursday, June 17, 2010
Hayward’s ‘scary’ testimony Liveblog by Khan In response to Rep. Burgess’ questions concerning the specific nature of the Macondo well, Hayward continues to assert that he does not have specific information, demonstrating an embarassing [or legally clever] lack of technical knowledge. Burgess then asks about the mechanics of BP’s other wells in the Gulf of [...]
Continue reading...Thursday, June 17, 2010
Hayward dodging all questions Liveblog by Khan BP CEO Hayward has a clear strategy to the tough questions that he’s receiving from committee members. In response to questions from Rep. Stupak concerning whether BP "cut corners", Hayward said it was too "early to tell", citing 7 areas of study in ongoing investigations. When citing BP’s [...]
Continue reading...Thursday, June 17, 2010
Gibbs: Barton’s comments "shameful" Liveblog by Khan As the committee reconvenes, a quick update on the immediate backlash against Rep. Barton’s "shakedown" description of the WH’s success in getting BP to commit to a $20 billion escrow account. TPM reports WH Press Secretary Gibbs’ statement: "What is shameful is that Joe Barton seems to have [...]
Continue reading...Thursday, June 17, 2010
Hayward: We will not rest until we make this right Liveblog by Khan As we recess to give committee members time to make Congressional votes, Hayward has just finished his opening statement. Nothing particularly notable was said–an expected mix of sorrow and determination to clean up the spill and figure out what went wrong: [...]
Continue reading...Thursday, June 17, 2010
GOP has other concerns Liveblog by Khan Republican members on the committee have consistently drawn attention to other concerns in their opening statements. One would think that the investigative hearing, with BP CEO Tony Hayward as a chief witness, would focus on the events leading up to the completion of the Macondo well, as well [...]
Continue reading...Thursday, June 17, 2010
Hayward: "Assurance is killing us" Liveblog by Khan Rep. Stupak from MI has had the most excoriating opening statement so far. Citing statements from Hayward in 2007, when Hayward said: "Assurance is killing us…I don’t think having all of these layers of assurance reduce risk and it can actually increase it," Stupak scolds Hayward for [...]
Continue reading...
Thursday, June 17, 2010
0 Comments