By using this site, you agree to our Privacy Policy and our Terms of Use. Close
mrstickball on 30 July 2010
Edit Thread
Armads said:
mrstickball said:
Armads said:
mrstickball said:
O-D-C said:
mrstickball said:
O-D-C said:

the US gave the contract to rebuild the Iraqui oil feilds to Halliburton (Dick Cheney's) company.

And who were they supposed to give it to?


someone who wasn't the vice president of the country invading Iraq?

So, reccomend a company in your infinite wisdom.

Reccomend an American company that could conduct reconstruction of the oil fields that had the size and scope of ability to take care of such a project. Someone that has major offices based in both the US and Mid East, with close ties to projects in the area.

Go ahead, I'm waiting.

Infrastructure coroporation of America could have handeled all transportation needs and USA Oilfield could reconstruct oil fields.  It didn't have to all go to Halliburton.

ICA has never had a project outside of the USA.

USA Oilfield...Could you give more information on them? I cannot find any.

True but would it be hard for them to take on a project like that?

 

USA Oilfield I don't know too much about either actually, just that they produce and construct equipment for oilfields but also only within the country.  I just think that with all the infrastructure companies out there they didn't necessarily have to go with Halliburton only, even though they may have the most experience in the area,  in fact that I imagine it would be better for the economy to strengthen the other companies to increase competition. 

I agree that more companies should of been consulted concerning reconstruction. However, lets not forget that Haliburton was awarded about $7 billion in contracts of the ~$60 billion appropriated by Congress for reconstruction.

In regards to Haliburton, I think the reason they were awarded such a large contract were for 2 reasons:

  1. They had major offices in the MidEast. Their 2nd largest base outside of the US is based in the UAE
  2. They had military experience vis-a-vis KBR, which was a newer military contractor that had experience just a few years ago in Clinton's Kosovo war.

Now, the reality of the situation was that Haliburton performed pretty poorly, and had contracts yanked away from them. I would think that *if* there was a conspiracy to ensure Haliburton was going to profit a ton off of it, they would have taken more measures to ensure proper cover ups, or other means. However, the fact is, Haliburton's stock has been really, and I mean REALLY bad since 2008.

Here is the chart of Haliburton revenues by sector:

Here it is over the past decade. In 2006, Haliburton cut off KBR, their military contractor due to their failures in Iraq:



Back from the dead, I'm afraid.