posted on Jan, 7 2004 @ 06:51 AM
Okay, people just keep saying things that make me realize they don't know all they need to know about this. I think it's driven by a strong desire
to hate Cheney - and therefore, Halliburton. Really, I do.
1. All services provided by Halliburton since the beginning of this war were provided on a contract. That's a big fat period. A BIDDED contract.
The contract came up for renewal right about the same time the invasion began. Now, if you're going to be paranoid and ate-up conspiracy and claim
that it was some kind of favoritism that the DoD decided that it might not be a good thing to change to a new supplier (untried, reliability unknown)
when you've got 100,000 soldiers dependent for food and fuel - go ahead. You're a lost cause. This makes sense to me. So the contract was
extended. BUT, I also agree that the DoD should have been following through with the new contract bid process all along. And to date, I have seen
nothing that tells me they HAVEN'T been doing this.
2. The "2 Billion dollars" that was spun by the media is NOT profit. These contracts are bid on a cost + basis. In other words, if I get a cost +
10% contract and it costs me $100 to do for you what you need done, you will pay me $110. SO, on 2 billion dollars REVENUE, which is being reported
by the media in a manner that makes it sound like PROFIT, Halliburton would make $181,181, 181.81 using the 10% example. 181 MILLION dollars.
3. Concerning the expensive fuel. It has been repeatedly covered that the fuel had to be shipped in from 2 directions in order to minimize the
dangers to the people moving supplies. From the north - which had the lower priced fuel, and from the south - which had fueld at almost 2 times the
price of that from the north. As reported previously, Halliburton was pressured to go with the Kuwaiti supplier (and by the way, THERE ARE NO
PRIVATELY OWNED REFINERIES IN KUWAIT - THIS MEANS THE US EMBASSY AND THE KUWAITI GOVERNMENT STRONG-ARMED HALLIBURTON INTO BUYING FUEL FROM THE KUWAITI
GOVERNMENT - THE KUWAITI ROYAL FAMILY IS THE KUWAITI GOVERNMENT). If a gallon cost a buck from the north, Halliburton made .10 (idealized example
being you also have to add in fuel costs for trucking, salary (raised in hazard zone), benefits (including increased insurance premium for hazard
zone) infrastructure (telecommunications, networks etc), and maintenance on trucks and equipment, but you get the point). If the fuel cost $3.00 from
the Kuwaiti government, Halliburton made .30...woohoo! AND WERE COMPLETELY WITHIN THEIR CONTRACT while at the same time making the US embassy and the
Kuwaiti government just happy as two peas in a pod. HELLO!
4. I dare any of you to try to:
a. Buy a Halliburton product.
b. Refuse to buy a Halliburton product.
To my knowledge there is not a single Halliburton product that can be bought by the general populace. And to be more specific, to my knowledge there
is not a single Halliburton product that can be wholesale bought and then retailed to the general populace. The only retail product I know of that
has ANY connection to Halliburton is the Zero-Halliburton briefcase line. BUT, this product line is owned, manufactured, and sold by Zero. There may
be (but this is just speculation) some type royalty that Halliburton gets from Zero for their trademark name, but that's the extent of that.
Just so everybody is clear:
Halliburton is not an oil company. They don't produce oil, they don't sell oil, they don't refine oil, they don't sell gas, natural gas, diesel
or any other fuel.
Halliburton is not an operating company. They don't drill wells (although they do own a couple of drilling rigs, but these are primarily used for
drilling test wells for either themselves testing their own services, or for customers testing new technology).
Halliburton Energy Services (the OTHER side of the corporation) SERVICES oilwells. That means they come in and they perform services for the
operating company/drilling company that need to be done in order for that company to make a well.
Halliburton's number one source of revenue is NOT ANYTHING Kellogg Brown & Root does. KBR has averaged (this is an estimate but I assure you it's
close) anywhere from negative (losses) to about 2% profit since the day Halliburton bought them.
Halliburton's number one source of revenue is...
OH DREAD THIS IS SUCH A DIRTY SECRET....
CEMENT
That's right cement, additives to make that cement trick, and services for pumping that cement in an oilwell. So now you know the REST OF THE
STORY.
[Edited on 7-1-2004 by Valhall]