Halliburton Makes a Killing on Iraq War

As the first bombs rain down on Baghdad, CorpWatch has learned that
thousands of employees of Halliburton, Vice President Dick Cheney's
former company, are working alongside United States troops in Kuwait
and Turkey under a package deal worth close to a billion dollars.
According to US Army sources, they are building tent cities and
providing logistical support for the war in Iraq in addition to
other hot spots in the "war on terrorism."

While recent news coverage has speculated on the post-war reconstruction
gravy train that corporations like Halliburton stand to gain from,
this latest information indicates that Halliburton is already
profiting from war time contracts worth hundreds of millions of

In this special series, investigative reporter Pratap Chatterjee
looks at Halliburton and its subsidiaries' war profiteering. Related
articles include:

*Cheney's Close Ties to Brown and Root

*Vinnell Corporation: 'We Train People to Pull Triggers'

*Vinnell, Brown and Root at Turkey's Incirlik Airbase


from warmwell

April 6 ~The US garrison in Iraq will dwarf that in Afghanistan.

Cronies set to make a killing (Observer external link) "..... When George Bush went to Congress to ask for $65.6 billion for the war, he earmarked $2.4bn for aid and reconstruction, with $17bn for other post-war costs. According to Pratap Chatterjee, of California-based CorpWatch, the Halliburton subsidiary still stands to make a killing. 'The main money is not in reconstruction; the main money is in supporting the troops. Whoever gets that money will be running all the bases for an army that is not going to leave. Around 80 per cent of the budget goes to the military, and the rest on reconstruction.' The US garrison in Iraq will dwarf that in Afghanistan. ..."

March 28 ~ Perle of doubtful price?

The resignation of Richard Perle is widely reported. We choose this article from (external link)
Perle Resigns: Was it Conflict of Interest or Poor War Planning

"The unexpected resignation Richard Perle, one of the chief architects of the US led invasion of Iraq, was largely believed to have stemmed from recent allegations of conflict of interest between his governmental role and his business relationships. Of course, if this were the Bush administration's modus operandi Dick Cheney would have been already shown the door for Halliburton's (see here) immediate profiteering in Iraq. So, what else could bring the "Prince of Darkness" to his knees? Could it be his decade in the making war plan for Iraq is not working?
Consider this: The possibility exists that as the US inserts itself further into an increasingly more intractable war in Iraq that the prognostications by Perle and others were wrong. The fiction advanced in the Perle manifesto was based on the assumption that the Iraqi populace rising in full support of the invading troops and ushering Saddam and his minions out of power. It assumed that the Iraqi military would surrender en masse and even the Republican Guard would wither in response the "shock and awe" propagandizing; that the Saddam regime would implode rapidly and the US would be hailed internationally as the liberator of the enslaved Iraqis. All these predictions and unreasonably Pollyannaish expectations of a brief and decisive conflict that would demonstrate American supremacy and moral rectitude have proven false. ...."

March 26 ~ " Already, reconstruction contracts are being earmarked for politically well-connected American corporations .."

".. like Halliburton (Vice President Dick Cheney's former company) and Bechteland oilmen from Texas have begun making their first forays into Iraq's Rumaila oil field." India today
"Apart from the strategic pay-off in getting to decide how much Iraqi oil is produced and to whom it is sold, there's serious money to be made for American companies. The Iraqi oil industry will need some capital investment but given the high quality of the oil and the relatively low extraction costs, profits will be enormous. Nationalisation of the oil industry in most Arab countries over the years has led to US oil companies being restricted to downstream, i.e. refining and marketing, activities. But the real profits are in upstream, i.e. extraction, operations. If Saddam Hussein is overthrown, US oil companies would be well placed to gain control of Iraqi reserves from the extraction to marketing stage. The US could also block Russian, French and Chinese oil majors from benefiting. Finally, control over the international oil trade will help to protect the dollar's dominant position vis-a-vis long-term rivals like the euro.
But this war is about more than just oil: It is about cementing the domination of the US in a world that is likely to undergo fundamental economic and strategic changes in the next few decades. " More