The Bottom Line on Iraq

| February 28, 2003

Wondering why the Bush administration is so obsessed with invading and occupying Iraq? Just follow the money to Dick Cheney?s old friends at Halliburton. As Arianna Huffington reports in, the vice president?s former company cleaned up very nicely after Gulf War I (during which Cheney served as secretary of defense) and stands to profit handsomely after the sequel. ?With Cheney in the CEO?s seat, Halliburton helped Iraq reconstruct its war-torn oil industry with $73 million worth of equipment and services?becoming Baghdad?s biggest such supplier,? Huffington notes. And in a secret meeting last October, Cheney gathered his colleagues from the Dallas-based energy company?and other oil industry executives?to discuss how to carve up the spoils from Gulf War II. ?So his former cronies at Halliburton are now at the head of the line of companies expected to reap the estimated $2 billion it will take to rebuild Iraq?s oil infrastructure following Saddam?s ouster,? Huffington writes. ?This burn-and-build approach to business guarantees that there will be a market for Halliburton?s services as long as it has a friend in high places to periodically carpet bomb a country for it.?
-Craig Cox

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