For any of you who thought that Dick Cheney has faded into a quiet retirement, living in genteel poverty, think again. For one of the main players in the mega corporation, Halliburton, things are rosey indeed. Today they have announced that their profits for this quarter have exceeded expectations. Bloomberg is reporting that this is the 19th quarter that profits have exceeded predictions.
Halliburton is a many tentacled company. It is the world’s largest fracking corporation with world wide fracking expertise. It was one of the companies involved in the infamous BP blowout in the Gulf of Mexico, providing the cementing for the well. Head offices are in Houston Texas and Dubai.
While Halliburton is foremost an energy company, it was affiliated with KBR Inc., a subsidiary, which supplied services to the US military in Iraq. The cost for private sector, profit motivated, companies is astounding.
“The company was given $39.5 billion in Iraq-related contracts over the past decade, with many of the deals given without any bidding from competing firms, such as a $568-million contract renewal in 2010 to provide housing, meals, water and bathroom services to soldiers, a deal that led to a Justice Department lawsuit over alleged kickbacks, as reported by Bloomberg.” Reader Supported News
Halliburton Corporation is apparently non-discriminatory as to a county’s religion or political stance. According to Wikipedia “The Wall Street Journal reported in 2001 that a subsidiary of Halliburton Energy Services called Halliburton Products and Services Ltd. (HPS) opened an office in Tehran”
The former VP for the USA was CEO of Halliburton at that time, but was not charged under the Trading with the enemy legislation. The Wikipedia article makes for very interesting, but discouraging reading.