Halliburton, where Cheney
Dick Cheney
Richard Bruce Cheney is an American politician and businessman who served as the 46th vice president of the United States from 2001 to 2009. He has been cited as the most powerful vice president in American history. He was also one of the most unpopular politicians in the history of th…
Did Halliburton profit in Iraq?
Reminder: Halliburton Made $39.5 Billion From The Iraq War KBR was awarded at least $39.5bn in federal contracts during the ten years its staff served along U.S. troops in Iraq. Author:
Why is America at war with Iraq?
There are several conclusions that people have come to. Some of the main reasons that the United States went to war with Iraq was because of the belief that Saddam Hussein was harboring terrorists in Iraq and that he had in his possession weapons of mass destruction whether they were nuclear or gas bombs the United States had no idea.
Why did we invade Iraq?
We invaded Iraq in 2003 because we believed Saddam Hussein had spent the previous decade defying us – attempting to build nuclear and chemical weapons plus a super-gun to fire them – and, in ...
What does the war in Iraq cost American$?
To finance war spending, the United States borrowed heavily and will pay more than $600 billion in interest on those loans through 2023. The rest of the debt will take years to repay. In addition to the more than $2 trillion the American government has already spent on the war, debt and medical costs will continue long into the future.
Who profited from the Iraq war?
He was really excited about doing business in the Middle East." One of the top profiteers from the Iraq War was oil field services corporation, Halliburton. Halliburton gained $39.5 billion in "federal contracts related to the Iraq war".
Does Halliburton operate in Iraq?
Oil services company Halliburton has come under intense scrutiny over its multi-billion-dollar contracts with the U.S. military in Iraq. Congressional critics want to know if the company is engaging in gold-plating contracts -- inflating costs and pocketing the difference.
What does Halliburton company do?
Halliburton Co. engages in the provision of services and products to the energy industry related to the exploration, development, and production of oil and natural gas. It operates through the following segments: Completion and Production, and Drilling and Evaluation.
What were the outcomes of Iraq war?
Iraqi forces were quickly overwhelmed as coalition forces swept through the country. The invasion led to the collapse of the Ba'athist government; Saddam Hussein was captured during Operation Red Dawn in December of that same year and executed three years later.
Is Halliburton still in Russia?
Halliburton has stopped new business in Russia and will wind down its operations there, the company said in a statement.
Is Halliburton a good company?
83% of employees at Halliburton say it is a great place to work compared to 57% of employees at a typical U.S.-based company. Source: Great Place to Work® 2021 Global Employee Engagement Study.
Is Halliburton a drilling company?
Halliburton delivers precise drilling performance to increase asset recovery, improve wellbore quality, and reduce overall well construction costs. We integrate technology, services, tools, and local expertise to deliver efficient, reliable performance wherever you drill.
What is Halliburton loophole?
The report by the Environmental Integrity Project, “Fracking's Toxic Loophole,” describes how a gap in the Safe Drinking Water Act – nicknamed the “Halliburton Loophole” – requires permits for fracking with diesel fuel, but allows companies to inject other petroleum products even more toxic than diesel without any ...
What companies do Halliburton own?
Key Takeaways. Halliburton is an energy equipment and services company with a long history of acquisitions. The company currently has roughly 30 subsidiaries and 14 product service lines. Three important subsidiaries include Baroids, Landmark, and Sperry Drilling.
How did the Iraq War affect the economy?
Under these assumptions, oil price increases from 2003-2008 due to the Iraq war reduced total U.S. income GDP by a total of approximately $274 billion, a direct transfer of about $124 billion and a further GDP effect of $150 billion.
What are the effects of Iran Iraq war?
Thus, the Iran-Iraq war contributed indirectly to Israel's security. The war dismantled the axis of radical Arab countries that included Iraq, Libya, Syria and south Yemen. During the war Iraq shifted out of the radical camp to align with Egypt, Jordan and the Gulf countries, while Syria remained Iran's sole Arab ally.
What was the outcome of the Iraq War 2003?
2003 invasion of IraqDate20 March 2003 – 1 May 2003 (1 month, 1 week and 4 days)LocationIraqResultUnited States–led coalition victory Iraqi Ba'athist government deposed Iraq occupied until 2011 New Iraqi government established Start of the Iraq War
What was Halliburton's largest contract?
Halliburton's KBR held one of the largest contracts given during the Iraq war effort, the Logistics Civil Augmentation Program, or LOGCAP, which was part of the trend of government outsourcing traditionally military duties to the private sector.
What company did Halliburton own?
The Iraq war began a few years later. Most of the allegations of waste involving Halliburton focus on a subsidary company that Halliburton acquired in 1962, then known as Brown & Root. A series of mergers under Halliburton's ownership led to its current name, Kellogg, Brown & Root, or KBR. Halliburton's KBR held one of the largest contracts given ...
Why was KBR a fraud?
Department of Justice filed a civil fraud case against KBR over the issue of using private security forces in Iraq to protect its workers and subcontractors. Private security wasn't allowed under the LOGCAP contract because the U.S. military was supposed to provide protection.
Why did KBR hire private security?
KBR has denied wrongdoing and said in a response to the lawsuit that the government has known for years that KBR was hiring private security, and KBR only did so because its employees were being left unprotected by the military.
How much money was disallowed to KBR?
Over the course of several years, the Defense Contract Audit Agency found that $553 million in payments should be disallowed to KBR, according to 2009 testimony by agency director April Stephenson before the bipartisan Commission on Wartime Contracting in Iraq and Afghanistan.
Where is Halliburton's second headquarters?
The same year, Halliburton opened a "second headquarters" (their words) in Dubai, in the United Arab Emirates, to emphasize its identity as a worldwide oil services company. But Halliburton did own KBR during the height of KBR's activities in Iraq.
Who was the secretary of defense during the rebuilding of Iraq?
And we'll also stipulate that there is a mountain of evidence that many American companies profited off of the government's inefficient contracting system during the rebuilding of Iraq. Dick Cheney was secretary of defense from 1989 to 1993, during the administration of President George H.W. Bush.
How much did the Iraq war cost?
Last week, the Costs of War Project by the Watson Institute for International Studies at Brown University said the war in Iraq cost $1.7 trillion dollars, not including the $490 billion in immediate benefits owed to veterans of the war and the lifetime benefits that will be owed to them or their next of kin. JComments.
Who owns KBR oilfield?
Houston-based energy-focused engineering and construction firm KBR, Inc. (NYSE:KBR), which was spun off from its parent, oilfield services provider Halliburton Co. (NYSE:HAL), in 2007.
How much money did the government give to private companies?
Private or publicly listed firms received at least $138 billion of U.S. taxpayer money for government contracts for services that included providing private security, building infrastructure and feeding the troops.
Who ran Halliburton?
Halliburton -- once run by former Vice President Dick Cheney -- and its spin off, KBR, were the biggest recipients of government largess derived from the destruction of Iraq.
How much money did KBR get in Iraq?
KBR was awarded at least $39.5bn in federal contracts during the ten years its staff served along U.S. troops in Iraq. There are some on the left eager to embrace President George W. Bush simply because occasionally he criticizes Donald Trump. It bears reminding: the Invasion of Iraq was a premeditated fraud on the American people, ...
How much money has the US spent on reconstruction?
The US has overwhelmingly borne the brunt of both the military and reconstruction costs, spending at least $138bn on private security, logistics and reconstruction contractors, who have supplied everything from diplomatic security to power plants and toilet paper.
Was the invasion of Iraq a fraud?
It bears reminding: the Invasion of Iraq was a premeditated fraud on the American people, meant to help and enrich the few even if this led to the deaths of millions and the depopulation of entire regions of the world.
How much did Halliburton make in 2004?
Halliburton’s stock has risen 200% since the invasion of Iraq three and a half years ago. David Lesar, its CEO, made over $40,000,000 (that’s forty million dollars) in 2004 alone and by some calculations, has made at least $150,000,000 (one hundred fifty million) since the war began.
When did Halliburton sell KBR?
In May, 2006, Halliburton filed a form S-1 with Securities and Exchange Commission announcing its intention to sell its KBR subsidiary to the public. KBR had sales in 2005 of over $10 billion and profits of over $200 million, according to the filing. The reason for the sale of the giant subsidiary, according to the filing, ...
Who planned the war in Iraq?
As Messrs. Cheney and Rumsfeld planned the war in Iraq beginning during the first year of the Bush Administration, Mr. Cheney’s Halliburton was the contractor of choice to do the work that the military had always done in past wars. This time, though, the war would be privatized to suit the ideology and obfuscation of the Bush team, ...
Did Cheney's acquisition include due diligence?
True to form, Mr. Cheney’s acquisition did not include much due diligence. After Mr. Cheney left Halliburton with tens of millions of dollars in his pocket largely earned because of his connections to Middle East dictators, Halliburton had to cough up $2.3 billion in cash, about $1.2 billion in stock and another $55 million in IOUs to help pay ...
Is the Iraq debacle a book?
The Iraq debacle is now the subject of at least a half a dozen books, including the terrific Fiasco, by Tom Ricks. Until very recently, however, there has been relatively little penetration into the popular psyche of the role played by Halliburton/KBR in particular and other private military contractors in general, ...
Who is the senator who is holding hearings on Friday massacre?
On Monday, 18 September in Washington, Senator Dorgan, a crusader for truth and oversight of companies such as Halliburton, together with Senators Reid and Bingaman, is holding hearings with four witnesses from the film who will talk about the “Friday Massacre.”.
Is Halliburton doing a good job in Iraq?
The reaction to Iraq for Sale: The War Profiteers is similar to CEO David Lesar’s ads in which he says that Halliburton is doing a great job in Iraq: Both are without first hand knowledge, based on fantasy and hearsay. It’s worth pausing to recall the insidious nature of Halliburton’s role in the invasion and occupation of Iraq.
