#1
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Cheney has plenty to hide
ASHINGTON, April 10 — The Pentagon contract given without competition to a Halliburton subsidiary to fight oil well fires in Iraq is worth as much as $7 billion over two years, according to a letter from the Army Corps of Engineers that was released today.
The contract also allows Kellogg Brown & Root, the Halliburton subsidiary, to earn as much as 7 percent profit. That could amount to $490 million. |
#2
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Re: Cheney has plenty to hide
Just wondering, but how many internationally-capable oil-well fire-fighting firms are there in the USA?
7% seems like a fairly low or at least reasonable profit margin for a business, doesn't it? By the way, the U.N. takes 2.5% commission from the all the funds held in trust for the Iraqi oil-for-food program. That's their "administrative fee", and since we're talking billions, their "fee" amounts to a pretty large sum. |
#3
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Re: Cheney has plenty to hide
I have figured out why you have such a grudge against our vice president. You must have been a night security guard at Halliburton and were laid off during the oil crunch. Hey man, in hard economic times somone has got to bite the bullet. [img]/forums/images/icons/smile.gif[/img]
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