Samstag, 23. Mai 2009

Truth about Halliburton

http://mysite.verizon.net/vze1tvxm/thepoliticalarena/The Truth About Halliburton.htm

 

Many members of Anti – Bush and left wing groups believe that the campaign contributions have helped to reconstruct new contracts for. This theory is supported when one takes a closer look at the two companies Bechtel and Halliburton and their reconstruction contracts.

 

Studies have proven that of the 10 largest contractors only 4 have made contributions greater than 250,000 over a time period of 12 years. However, there are also exceptions, for example the Bechtel and Halliburton company have spend millions of dollars for political contributions, nevertheless, other companies believe that this money was not the reason for the countries success.

 

As there is great uncertainty about the reliability of the contractors, governments are very carful about partnerships with contractors. However, as other people move against the Halliburton company others support it. As for example Clinton’s undersecretary of commerce protects Halliburton and says:

 

„This is a group of people who know what they’re doing in a difficult business. „

 

Other people claim that Halliburton was chosen among many companies in order to make contracts with Iraq. This would support the Americans while they are trying to fix Iraq and abolish terrorism.

 

2003 Halliburton was asked to implement the classified oil – fire plan. Halliburton was asked to do this job although there was war in the country.

 

Based on these facts Clinton used the United States in the Balkans to benefit Halliburton. Fact is that under Clinton, Halliburton had received hundreds of millions of dollars to rebuilt Kosovo and Haiti. However, Halliburton has used that money built jails at Guantanamo Bay, a base in Kuwait, an air station in Spain and a facility slammed by a typhoon in Guam.

 

However, although Halliburton has done a lot of harm for it’s own benefits they still get a lot of support from international army’s and governments.

 

In addition, the question arises if Halliburton gained a lot of profits from the Iraq war. Many believe that the company has gained huge numbers of money from the work they have done during the Iraq war.

Nevertheless, according to the statistics of the company, they had not made such a great profit from the war. In 2003, Halliburton earned 85 million dollars from 3.6 billion dollars in Iraq contracts. In 2004, the company reported that they earned 1.4% of a 1.7billion worth contract in Iraq. According to these numbers, the success of Halliburton decreased once they had engaged in these businesses.

Another proof that Halliburton has not been profiting from the Iraq war is that it’s stock prices were fallings not climbing. If the company had been successful, then their socks would have increased.

 

Halliburton gains about 2/3 of the profits of it’s businesses in Iraq, 1/3 from the LOGCAP contract and 1/3 from the RIO (restoring Iraqi oil) contract. The RIO contract is controversial since it was made before the war and made in secret. Halliburton was chosen to complete this contract, since they were the only company able to complete the task according to CEO David Lesar.

 

Halliburton was not punished for bad service, accept when they had to pay a fine of 5.1 million dollars to the pentagon.

 

Later it was discovered that the pentagon discovered that Halliburton overcharged gasoline with 61 million dollars. After this Halliburton offered to pay 6.3 million dollars back to the pentagon.

 

Although there are a lot of facts speaking against Halliburton, many still claim that they did a great job. Especially the American soldiers in Iraq appreciated the work of Halliburton.

 

The work the company has made in Iraq was not profitable. There is no evidence that the American government had given the contracts (RIO) before the Iraq war was announced. Therefore, it is very difficult to proof if Halliburton is guilty or not.

 

 

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