Word: halliburtons
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When Bill Clinton unexpectedly ended the Bush years, Cheney found himself for the first time in decades without a government job or the prospect of one. Eventually he entered the same line of work as the Bush family, the oil business. The Halliburton Co., where Cheney has been CEO for the past five years, is the world's leading supplier of oil-field equipment. It hasn't been a job that requires charisma. Its labor and environmental practices have opened him up to attack. But it's been a job that in some ways he has done pretty well...
...looked like the kind of moment that opposition researchers spend their lives trying to unearth. Just as 13 Iranian Jews stood in the prisoner's dock of an Islamic court on espionage charges last June, Halliburton CEO Dick Cheney delivered a notably discordant message. At a meeting of the World Petroleum Congress, Cheney called for a quick end to U.S. economic sanctions against Iran, which was in the process of negotiating $8 billion in oil and gas contracts with his firm's foreign rivals. "We're kept out of there primarily by our own government," said Cheney. "I think that...
...could prove difficult to exploit politically. For one thing, Cheney has won high marks for his stewardship at Dallas-based Halliburton, transforming it into the world's largest provider of oil-field services. He arrived in 1995 and boosted the fortunes of a company beset by low oil prices and slow growth, raising revenues to $15 billion. Cheney's high-level contacts in Washington and around the world helped bring in business. Under Cheney, the company's Brown & Root construction subsidiary has worked hand in hand with the Democratic Administration--as it had done before him with the Bush White...
Where Al Gore may have luck galvanizing opposition to Bush's choice is, of all places, in Cheney's unchecked faith in free trade. His opposition to U.S. sanctions against pariah states has raised hackles even among some G.O.P. stalwarts. Halliburton, for example, lobbied mightily to normalize trade with China, a position that put Cheney at odds with many conservative Christians and a sizable minority of Republicans who regard Beijing as a national-security threat. The powerful American Israel Public Affairs Committee disagrees with his views on U.S. investment in Iran. Says A.I.P.A.C. spokesman Ken Bricker: "Now is absolutely...
...natural gas, were market darlings from 1995 to 1997, but now have more detractors than anything west of Indonesia. Though many oil-service firms are already trading near two-year lows, analysts' earnings estimates for them will soon be revised further downward. No brokerage will want the likes of Halliburton or Schlumberger on its "recommended" list. The gloom around these stocks is only deepening. And I am buying them hand over fist...