The Halliburton (Profit) Surge, the US and Iraqi Dirge

[rec_report]

The Halliburton (Profit) Surge, the US and Iraqi Dirge --The Rec Report --By Michael Rectenwald 12 Mar 2007 Cheney still has the audacity to stand before a powerful "American" lobby and tell us that his war profiteers need more money! ...It takes a stock surge to make a believer in the military surge...

Well before the US and other oil companies can get their hands on the Iraqi oil supply -- the alleged alternative motive suggested for the war by many anti-war activists and commentators -- war profiteer and corporate welfare recipient Halliburton will have seen a profit surge apparently unmatched by any other military contractor in world history.

Dick Cheney's "former" company, Halliburton, which last year posted a record profit of 2.3 billion dollars, announced yesterday that it will move its corporate headquarters from Houston to Dubai. That is, after the run-off of the US treasury into its no-bid-contract coffers, Halliburton will now move its headquarters off-shore in order to minimize US tax liabilities. That tax incentive is what you might call a little splurge after the surge.


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