Wednesday :: Feb 26, 2003

Uncle Dick Keeps Watching Out for Halliburton

by Steve

I’ve come across several Halliburton-related items in the last week that taken together cause a lot of heartburn. First, as I reported in my first post to this blog, The New York Times reported over the weekend that Halliburton was likely to be one of the big winners from an invasion, in that the first priority for the American Consul-General would be to get the existing Iraqi oil refinery infrastructure fully operational and upgraded. And Halliburton is one of only two international firms uniquely positioned to do that work.

There is also a widespread assumption that Saddam, on his way to Hell, would order the torching and destruction of the oil industry infrastructure. This ostensibly is the reason why our war plans call for an immediate move to seize the major oil fields first. After all, what good is it if Saddam is able to light up most of our booty before we can get there to plunder it? Yet, even if Saddam is able to blow up a significant part of the inventory before we get there, there will still be big winners, besides the oil companies who could use this as another bogus reason to drive up prices. It now turns out that Halliburton, again under Cheney’s leadership, bought International Well Control, and will profit handsomely from such destruction by Saddam, as they now own Red Adair’s oil firefighting operation, and can provide one-stop oilwell blowout and recovery services. By owning both the blowout recovery and reconstruction side of the operation, Halliburton will make money no matter what.

This of course assumes that Saddam torches his oil industry; we assume he will do this because he did it before right? Well, like the “Kuwaiti Babies Tossed From Their Incubators” scam peddled to us by the James Baker State Department, it may turn out that Saddam wasn’t the only one who set fire to Kuwaiti oil wells, if he did. According to a Gulf War veteran quoted from a website, he participated in a Special Ops mission under UN supervision to blow up oil wells so that such destruction could be blamed on Saddam’s Revolutionary Guards as a “See, this is why we had to throw them out” justification. By damaging Kuwait’s oil production capacity, this would not only drive up oil prices, but create profit opportunities for firms like International Well Control to put out the fires, but also for Halliburton in the rebuilding of those damaged oil fields (unlike 1991, Halliburton would now get both ends of that action). Yet the Special Ops soldier quoted never saw any Republican Guards in the areas he worked, and was told to set the charges without being seen by other allied military forces.

Yes, this could be false, but based on the Kuwaiti incubator scam, it is not so easy to dismiss this outright.

Steve :: 1:04 PM :: Comments (11) :: Digg It!