We all work from the same basic set of facts. We simply interpret the same facts very differently, and this examination of Halliburton bears out this maxim.
I found these facts from a left wing loon's website, where I plucked them as needles from among the hay of nonsense that was the stack of his paranoid conclusions from these subjects.
Whereas I have simply offered you the facts, my source has gone to the trouble to tell you his opinion about what all of this means to him, and how he sees it all mixed together with dark and evil undertones.
The Long and Highly Relevant History of Halliburton:
Why They Own the Middle East
Erle P. "Red" Halliburton, despised the federal government. Besides his distaste for Uncle Sam his ferocious hatred of Mexicans, blacks and labor unionists went unconcealed.
In 1919, Red Halliburton started the New Method Oil Well Cementing Company. Halliburton's big innovation was something called the Cement Jet Mixer.
He was soon in demand across the oil fields of Texas and Oklahoma. Erle changed the name of the company to Halliburton and raked in millions from his patented Cement Jet Mixer.
In 1919 The Brown Root Company began to take shape at the same time Halliburton was on the rise. The Brown Root Company was formed as a road paving company that would eventually become one of the world's largest construction firms.
The Brown & Root Company shared Halliburton's antipathy toward organized labor, but realized early on that there was a fortune to be made through outsourced government work. They found a ready willing and able source in LBJ.
As the partnership between LBJ and Brown & Root propelled both the company and the politician to new heights of power and wealth, Halliburton was taking a different track: capitalizing on the globalization of the oil industry.
During World War II, Halliburton was called upon to help build the infrastructure for the oil fields of Saudi Arabia, launching a profitable relationship with the petro-kingdom that persists to this day.
Soon there were other summonses from the Middle East. In late 1940s, Halliburton began doing business in Bahrain, followed by an equally lucrative contract with the royal family of Kuwait to manage that kingdom's oil fields.
The big prize in the 1950s was Iran, where Halliburton enjoyed tens of millions in contracts. Over the next 25 years, the company cashed in on more than $10 billion in contracts with Iran.
In 1962, Herman Brown died and his brother, George, began searching for possible corporate suitors. George Brown worked out a deal with Halliburton, looking to diversify its operations.
Halliburton agreed to acquire Brown & Root for the price of $36.7 million. Halliburton executives agreed to let Brown and his colleagues run the new Brown & Root subsidiary as a quasi-independent arm of Halliburton.
When the Pentagon began to privatize construction and logistics in war zones in 1965, Halliburton swallowed the Morrison-Knudsen to manage big construction projects for the Pentagon in Vietnam. Over five years, the contracts would reach more than $2 billion.
They also followed a familiar pattern: no bid contracts with a guaranteed profit built-in, on a cost-plus basis. This pattern continues with Halliburton contracts today.
Halliburton employees were a common sight in South Vietnam digging wells, building latrines, managing commissaries, excavating harbors and constructing barracks; from Da Nang to Cam Rahn Bay Halliburton did the job.
The mammoth Air Force Base at Phan Rang was one of the biggest projects of its day, with a $220 million contract for Halliburton to build, at of some the most beautiful Cham temple complexes in Vietnam.
Phan Rang, had its 15 minutes of Andy Warhol declared fame in December 1967, when Bob Hope and his Christmas show featuring a Raquel Welch nearly caused a riot on the base.
Then there was the 70s of course:
Do you want to know why Halliburton was called upon in the Gulf wars to work once again in a war torn area ?? I mean, besides the fact they nearly invented the technology for drilling oil, and had been working in the middle east for years?
Halliburton won a $120 million contract in 1973 to build two mammoth oil terminals for Iraq, in the Persian Gulf off the coast from Umm Qasr.
And what do you suppose the 80s were like for Halliburton and Iraq??
In 1981 Saddam signed a $2.5 million contract with Halliburton to build a feeder pipeline from the terminals into the Gulf where crude oil could be safely sluiced into tankers.
Two years later Saddam hired Halliburton again to build a long oil pipeline, hoping to skirt Iranian bombs, running from Basra to Yanbu on the Red Sea in Saudi Arabia. The deal was worth $2 billion.
Halliburton continued to work on a variety of projects in Iraq until the first Gulf War. A few weeks before Saddam invaded Kuwait, the Iraqi government paid Halliburton $57 million for work at Mina Al-Bakr, and a seismographic project for the Iraqi Oil Exploration Company.
So you see, it only makes sense to have Halliburton just continue to do the job they do, and few others are able to do.
Halliburtion isn't about Cheney getting rich, he doesn't even own that much stock.
Even during the Clinton years Halliburton proved quintesentially essential.
In 1995, when Cheney assumed control at Halliburton, the Pentagon awarded the company a $550 million contract to provide logistical support for US and NATO's IFOR forces in Bosnia, Croatia and Hungry. Halliburton won another $6.3 million contract to service US troops stationed at the air base in Aviano, Italy, from which US jets launched bombing raids on Yugoslavia.
In 1997Â won a $405 million no bid deal to provide support for US troops in Bosnia. Two years later, Halliburton won the 5-year renewal of this deal, valued at $180 million.
In 1999 Halliburton got a $200 million cost/plus contract to work in Kosovo. The contract, covered everything from road construction, vehicle maintenance and power generation to food services, latrines and mail delivery, and generated nearly a billion dollars in revenue.
In the fall of 2000, Halliburton won a $300 million contract to build a massive prison at Guatanamo Bay in Cuba. This prison was originally designed to hold Haitians and, according to some sources, Cubans, in the event of the collapse of the Castro government.
As you can see, Halliburton has a very long history with very specific reasons why they are called upon every time something erupts in the middle east, or any other area of war and conflict. The middle east serves two of Halliburton's prime skills and mission-- the business of drilling for oil, and road paving, construction, and so much more in foreign countries, and specializing in areas of war, or post war environments.
All of the Cheney/Halliburton theories are insane.