Word: halliburtons
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...ExxonMobil building, had always been where oil executives and adventurers gathered to discuss "bidness." But these days, more and more energy executives are meeting at the Emirates Golf Club in Dubai, where Tiger Woods recently played, to discuss their deals. So, it shouldn't have been too surprising when Halliburton Chairman and CEO David Lesar announced that he was moving the headquarters of the enormous oil construction and logistics company to the business capital of the United Arab Emirates. The rest of the industry was migrating that way already...
...some folks were badly surprised. The move prompted cries of outrage and calls for investigations from some in Congress. Was the move by Halliburton, the bete noire of left-wing blogs, an attempt to evade congressional inquiry? A move to dodge taxes? Halliburton and many business experts say no. But oil industry analysts say U.S. consumers and political leaders should be asking questions about the move, because the answers will inform America's energy policy - or lack of one. Halliburton is not running from its past, but toward the future...
...Save String! TIME reported that American troops in Iraq are using Silly String to detect trip wires affixed to bombs [Nov. 27]. Rather than ask civilians to mail cans of it to the troops, shouldn't we just ask Halliburton to order it by the truckload? That would make the acquisition much quicker, since the company seems to have an unlimited government expense account. Or have the Defense Department buy Silly String directly from the manufacturer and ship it using military transport, which would be less expensive. Here's a third idea: purchase all the Silly String you can find...
...purely positive. Tobias Hubel Augsburg, Germany Win the War! Save String! time reported that American troops in Iraq are using Silly String to detect trip wires affixed to bombs [Nov. 27]. Rather than ask civilians to mail cans of it to the troops, shouldn't we just ask Halliburton to order it by the truckload? That would make the acquisition much quicker, since the company seems to have an unlimited government expense account. Or have the Defense Department buy Silly String directly from the manufacturer and ship it using military transport, which would be less expensive. Here's a third...
Iraq will get new attention with Waxman in power. This week he plans to send a letter to Defense Secretary Donald Rumsfeld demanding information on Halliburton's $16 billion contract to provide services to troops there. Waxman's staff has been poring over the fine print of that deal for more than two years, and is convinced that much of the money is slipping between layer upon layer of subcontractors...