YOUR RIGHT ALL THE OIL SERVICE COMPANIES ARE ON THE MOVE WITH THE GULF INCIDENT. EVEN THE JUNK CAN MAKE SOME MONEY IN THIS MARKET AND WITH JUST A FEW SHAREHOLDER THIS ONE CAN MOVE LIKE A ROCKET..http://stockcharts.com/h-sc/ui?s=KSWJ&p=D&yr=2&mn=1&dy=0&id=p33913116178 BP CEO Tony Hayward said Monday on ABC's "Good Morning America" that BP was not responsible for the accident. He said the equipment that failed and led to the spill belonged to owner Transocean Ltd., not BP, which operated the Deepwater Horizon rig.
Guy Cantwell, a Transocean spokesman, responded by reading a statement without elaborating.
"We will await all the facts before drawing conclusions and we will not speculate," he said.
A board investigating the explosion and oil leak plans to hold its first public hearing in roughly two weeks. The cause of the April 20 explosion, which killed 11 workers, has not been determined.
Coast Guard Capt. David Fish, chief of the Washington-based Office of Investigations and Analysis, said the six-member board — three from the Coast Guard and three from the U.S. Minerals and Management Service — will likely meet in the New Orleans area and take testimony from experts and workers who survived the disaster.
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