Dems: Halliburton Overcharging for Gas

[Rose Siding]

WASHINGTON -- Halliburton, the Houston company with a no-bid contract to restore Iraq's oil industry, is charging U.S. taxpayers exorbitant prices to import gasoline into Iraq, two Democratic congressmen said Wednesday.

Reps. Henry Waxman, D-Calif., and John Dingell, D-Mich., wrote the Bush administration that the company's KBR subsidiary is billing the Army between $1.62 and $1.70 per gallon, while Iraqis are charged between 4 cents and 15 cents at the pump.

"Although Iraq has the second largest oil reserves in the world, the U.S. taxpayer is, in effect, subsidizing over 90 percent of the cost of gasoline sold in Iraq," the lawmakers said in the latest Democratic attacks against the company formerly led by Vice President Dick Cheney.

snip>
In a further move against Halliburton, Sen. Frank Lautenberg, D-N.J., announced Wednesday he would propose barring the government from awarding Iraq reconstruction contracts to companies that maintain close financial ties to the president, vice president or members of the president's Cabinet.

Lautenberg wants the measure added to an $87 billion reconstruction bill for Iraq and Afghanistan.


http://www.newsday.com/news/politics/wire/sns-ap-halliburton-iraq,0,7791243.story?coll=sns-ap-politics-headlines

[TacticalPeek]

1. Breaking! Night to follow day!

Twilight and dawn did not return calls for comment.

Remember now, Shrub always said it would be hard. But no lubricant, jeez!

[shockingelk]

2. stay tuned for our next story ...

hill Republicans say people should be able to keep more of their hard earned money and our fifth and installment on our feature series "The Case for a Heliocentric Solar System," our week-long examination of startling new evidence that the Earth may revolve around the Sun ...

[TahitiNut]

3. kick

Three duplicate threads locked ...

http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=102&topic_id=168512
http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=102&topic_id=169037
http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=102&topic_id=169117

[protect freedom impeach bush now]

4. Haliburton = criminal war profitteering

the White House's PNAC whores & crooks are running the Bush asylum

[protect freedom impeach bush now]

5. US taxpayers are paying Haliburton at least 66 cents profit per gallon

So Cheney has NO BID contracts for Haliburton to rape
American taxpayers for BILLION$.

Wonder how much a kickback Cheney gets ??

Oh excuse me......Cheney got his million$ up front


Cheney is putting, pouring, BILLION$ of American tax money
into Haliburton.


lets see.......Haliburton pockets (screws) American tax money
for at least 66 cents per gallon PROFIT...FOR EACH AND EVERY
GALLON OF GASOLINE SOLD IN IRAQ.


War profitteers.
War profitteers are the scum of the earth.

[Nottingham]

6. This has been the plan all along! High Gas Prices for America

The Rip off of the Government is horrendous :bounce:

[tableturner]

7. Cheney's stock options: motive to help Halliburton

Cheney has stock options that could bring him tens of millions of dollars IF Halliburton's stock rises to a certain level:

"The vice president also holds 433,333 in unexercised Halliburton stock options. He has the option to buy 100,000 shares at $54.50 by the end of 2007, 33,333 shares at $28.13 by the end of 2007 and 100,000 shares at $39.50 by the end of 2009, data compiled by Lautenberg shows.

Halliburton stock closed on the Big Board yesterday at $24.38 a share.

For Cheney to cash in on his options, Halliburton’s stock would have to climb to above those strike prices. "



http://www.thehill.com/news/101503/cheney.aspx

If Cheney helps Halliburton do well financially, the stock price goes up, which is what is necessary for Cheney to cash in his Halliburton stock options.

So let's put an end to the talk that what Cheney gets from Halliburton is already set regardless of how well Halliburton does, and that he has no financial motivation to help Halliburton. That is total bull!

[Nottingham]

8. Is this the biggest Robbery of America! Give them 87 Billion

in Contracts to Halliburton and so they can robb us of more money!

:bounce: