Halliburton feels financial strain of Iraq work

[PfcHammer]

http://news.ft.com/servlet/ContentServer?pagename=FT.com/StoryFT/FullStory&c=StoryFT&cid=1087373156487&p=1012571727102

Halliburton feels financial strain of Iraq work
By Joshua Chaffin in Washington
Published: June 21 2004 19:23 | Last Updated: June 21 2004 19:23

Halliburton executives are concerned about the financial burden that Iraq contracts have placed on the company.

The oilfield services group has become the largest foreign contractor in Iraq, largely through a wide-ranging Pentagon contract known as "Logcap".

Under the deal, the company has tackled about $4.5bn (?3.7bn, £2.4bn) in Iraq-related assignments, such as building forward bases for troops and delivering fuel and other supplies.

But although Halliburton has committed more than $1bn in its own capital to carrying out such tasks, it has been slow to receive payment because of billing disputes with military auditors.

[kanrok]

1. Oh poor Haliburton!

My freaking heart bleeds for you.

[Shakespeare]

2. I hope this is a joke.

Oh, let me shed a tear for poor Halliburton.

[Wickerman]

3. All together now

AAAAAaaaaaWWWWWwwwwwwww!!!!!
:nopity:

[Ironpost]

4. you poor bastards, you're tearing my heart out, so quit it, damn it

[saigon68]

5. Get the Oil

[leftchick]

6. boo fucking hoo you bastards...

what? did cheney make some big time promises he couldn't keep. Too fucking bad... :puke:

[Cocoa]

7. God bless Halliburton

let's all thank them for doing their patriotic duty in Iraq, despite the financial hardship. :toast:

/sarcasm

[daleo]

8. I am sure Halliburton is doing most of the "heavy lifting"

Over there in Iraq. That much money must weigh a fair bit.

[Mz Pip]

9. Bummer

It just isn't going as planned. Because of those damned military auditors Halliburton hasn't been able to rip us off as much as it would like.

MzPip
:dem:

[newyawker99]

10. I hear a symphony!

:nopity:
:nopity::nopity:
:nopity::nopity::nopity:
:nopity::nopity::nopity::nopity:
:nopity::nopity::nopity::nopity::nopity:
:nopity::nopity::nopity::nopity::nopity::nopity:

[drb]

11. Yeah. The strain of hauling truckloads of thousand dollar bills...

...down the stairs into Dick's bunker.

[LeftHander]

12. The sound of Halliburton's strain

"Oh my aching bank account....Ho Ho Ho!"

"THat DIck he is alright, Iraq!...I strained my wallet....HAHAHAHAHA"

"Ooops another pipeline blewup....another million! HAHAHAHA"

"Look another no bid contract....HOHOHAhaHAhahAHAhaHO ooooooahhhhh"

[TankLV]

13. Geee - I'd like to have the "problem" of accepting all those billions of

dollars!

Pow widdle boys! - or should we say cry babies!

Crying all the way to the bank.

Bastards.

Now THESE are the ones that should be behea... oh never mind - against the rules of this board or kharma to say what I really think should happen to ALL the gang of thieves and criminals at Halliburton, past and present!

[hang a left]

14. Rare it is that a subject line on the LBN page

makes me LOL.

[Hoping4Change]

15. What are the odds that bushco will step in with some

financial assistance?

[Sabriel]

18. My thought exactly

When, oh when, will the government aid come through for them?

[Hoping4Change]

19. Doesn't your heart bleed for billionaires having to make

ends meet?

[LiberalBushFan]

16. Wow, they must be stealing from their own company

Halliburton steals from taxpayers, Halliburton execs steal money their company stole from taxpayers.

Or, perhaps, they're paying their subsidiaries all of it.

[struggle4progress]

17. They're just saying this so they don't have to pay taxes. eom

[AndyTiedye]

20. awwwwwwwwwwwwwwwwwwwww

:nopity::cry::nopity::cry::nopity::nopity::cry::nopity::cry::nopity:
:nopity::cry::nopity::cry::nopity::nopity::cry::nopity::cry::nopity:
:nopity::cry::nopity::cry::nopity::nopity::cry::nopity::cry::nopity:
:nopity::cry::nopity::cry::nopity::nopity::cry::nopity::cry::nopity:

[TexasBushwhacker]

21. Well since they took the work on without competitve bids ....

pardon me if I don't break out my fucking violin. Cheney tossed Halliburton this multi-billion bone because they were on the ropes. They are a shell of the company they once were and have gone through several rounds of layoffs. They bit off more than they can chew? Fuck 'em! Get the money back for the work they haven't done and give the contracts to someone else, and this time GET BLIND BIDS!!!

[Hekate]

22. Our money isn't going far enough?

Poor things, I shed tears for their plight.

Hekate