Vice President Dick Cheney was chief executive of Halliburton from 1995 to 2000. Former Halliburton unit KBR Inc. is the U.S. Pentagon's largest contractor in Iraq and has drawn scrutiny from auditors for the quality and pricing of its work for the U.S. army.
Halliburton's relocated CEO outlines major shift in focus
DUBAI, UNITED ARAB EMIRATES — Halliburton will shift some 70 percent of its capital investment over the next five years to the Eastern Hemisphere, which includes oil and gas zones in the Middle East, Russia, Africa, the North Sea and East Asia, the company's chief said Tuesday from his new headquarters in Dubai.
Dave Lesar, arriving for his first week in United Arab Emirates, said Halliburton would quickly expand its Mideast operations as it targets $80 billion in new business over the next five years — 75 percent of which lies in the Eastern Hemisphere.
Dennis Kucinich: Oil was the primary reason for the invasion of Iraq
There were, of course, no weapons of mass destruction, no connection between Iraq and 911, no connection between Iraq and Al Queda's role in 911. Despite that the Bush-Cheney Administration, with the approval of a Democratic-controlled Senate and the Democratic leader of the House, supported and commenced a brutal campaign of shock and awe, of bombing, invasion and then occupation of Iraq.
It's All About Oil
Summary and Notes from Congressman Kucinich’s One Hour Speech Before the United States House of Representatives
On Administration’s Efforts to Privatize Iraq Oil
The Iraqi “Hydrocarbon Law” is an issue of critical importance, but has been seriously mischaracterized and I want to provide the House of Representatives the facts and evidence to support the concerns I have expressed. As you know, the Administration set several benchmarks for the Iraqi government, including passage of the “Hydrocarbon Law” by the Iraqi Parliament. The Administration has emphasized only a small part of this law, the “fair” distribution of oil revenues. Consider the fact that the Iraqi “Hydrocarbon Law” contains a mere three sentences that generally discusses the “fair” distribution of oil. Except for three scant lines, the entire 33 page “Hydrocarbon Law,” is about creating a complex legal structure to facilitate the privatization of Iraqi oil. As such, it in imperative that all of us carefully read the Iraqi Parliament’s bill because the Congress is on the record in promoting oil privatization. This war is about oil.
Fighting overshadows Iraq's oil law
As a result, the US Embassy in Iraq is pressuring the sectarian groups to pass the oil law as soon as possible. Still, Washington does have an agenda as to what the law should look like.
US-funded consultants had a significant role in shaping the draft oil law in Iraq. Firms such as BearingPoint were brought in to advise the Iraqi government and advocated allowing for private competition in the oil sector. It is Washington's belief that Iraq's oil sector will be most efficiently exploited and managed through the competition of private oil firms, including foreign companies. As such, Washington would like to reduce the role played by INOC in the oil sector. However, at this point passing the oil law is more important to Washington than granting rights to foreign oil companies.
US hunts for oil in Persian Gulf
Al-Sharaa underlined that Arabs know very well that the United States is in need of oil and is the world's largest oil consumer, adding that the US therefore intends to dominate the oil rich Persian Gulf region.
The Syrian Vice President went on to say that, the only reason for US navy and military maneuvers or troop deployments to the region is to monitor the smooth flow of oil to the United States.
Find blog posts, photos, events and more off-site about:
Halliburton, US dollar, oil, Iraq, US, economy, petro-dollars, trade deficit, Imperialism, recession,
No comments:
Post a Comment