HALLIBURTON is 'optimistic'! "Sees high energy prices!!"

[Bluebear]

Halliburton is happy, happy, happy that we are all going broke!



HOUSTON (Reuters) - Halliburton Co, the world's No. 2 oilfield services company, said on Friday it expected oil prices to remain strong and remained optimistic about its prospects because of heavy exploration and production spending in the energy sector.

"Oil and gas prices have continued to be very robust (and) recent (exploration and production) spending surveys suggest additional growth in the back half of 2005 and 2006," Andy Lane, Halliburton's chief operating officer, told a conference call.

The current upswing in energy prices was different from bull markets in the past because the supply-demand balance had tightened due to surging consumption in China and India as well as continued growth in the United States' energy appetite.

"In addition, world economies appear to be absorbing higher oil and gas prices with minimal impact to GDP growth rates," he said. Spot crude oil futures prices on the New York Mercantile Exchange averaged more than $52 per barrel during the first half of 2005, some 25 percent higher than the 2004 average, prompting many producers to ramp up exploration and production activities around the globe.

http://today.reuters.com/business/newsArticle.aspx?type=ousiv&storyID=2005-07-22T161157Z_01_N22622669_RTRIDST_0_BUSINESSPRO-ENERGY-HALLIBURTON-DC.XML

[GiovanniC]

1. And Why Not?

http://chart.finance.yahoo.com/c/2y/h/hal

Murdering monkeys are good for bidness.

[Bluebear]

6. Wow, GC that chart says it all.

[Booster]

2. Hell, we're all going broke just trying to pay Halliburton.

Thanks, Cheney.

[Erika]

3. Cash straight out of our pocket books

and taken by Bush buds.

That's bad enough. But look at www.icasualties.org to see who is really paying the price of Bush's greed for oil.

Maybe the SUV drivers should give a second thought to their magnets.

[Cocoa]

4. that's what I love about Halliburton

their sunny optimism. Everyone else is bitching and moaning about high energy prices, but Halliburton makes lemonade. And that photo of Cheney really captures that attitude.

[Bluebear]

5. I hope the lower/middle class Bush voters are enjoying their "tax cuts"