[Vision2020] Picture of Rumsfeld and Hussein as friends!

[Debbie Gray]

>From the Motley Fool:
http://www.fool.com/news/take/2003/take030325.htm#Halliburton

Interesting to note they are already working in other countries
(Afganistan, Jordan, Uzbekistan) under an existing 10-year contract...

Halliburton Charges Into Iraq

A division of Halliburton (NYSE: HAL) named Kellogg Brown & Root (KBR) has
been awarded a contract from the U.S. Army Corps of Engineers to work in
Iraq. The size of the contract was not disclosed, but estimates put it
near $1 billion.

For now, Halliburton's KBR unit will douse oil fires in Iraq and repair
the country's weakened or damaged oil production infrastructure, where
possible. Responsibilities after the war are yet to be divvied out.
Halliburton is also working with the U.S. government in Afghanistan,
Uzbekistan, Jordan, and other countries under a 10-year contract from the
Pentagon awarded in December 2001.

Halliburton is the first of many U.S. corporations that will surely be
asked to help, and profit from, the rebuilding of Iraq. It is an
especially auspicious first awardee, however, because Dick Cheney was CEO
of Halliburton until 2000. Upon entering the vice president's office,
Cheney divested himself of his holdings, although he reportedly still
receives about $1 million a year in compensation from the company.

Halliburton claims to have won the first Iraq contract because it was the
only firm able to launch its services on short notice. Rebuilding Iraq
will eventually result in contracts with a diverse group of U.S.
companies, including those in building and highway construction, water,
electricity, health, transportation, farming, and food. But the oil
industry stands to benefit most.

With 112 billion proven barrels, Iraq has more known oil reserves than any
other country in the world, aside from Saudi Arabia. Plus, 90% of the
war-torn country has not yet been explored for oil. The oil belongs to the
Iraqis, as Bush states, but U.S. companies are likely to be awarded
contracts to make the industry "go" again.


Debbie

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  Debbie Gray      dgray@uidaho.edu      http://www.uidaho.edu/~dgray/
  We must be willing to get rid of the life we've planned, so as to
  have the life that is waiting for us." --Joseph Campbell
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