Halliburton's stock doubles as troop deaths double

[Kulapavana 0]

Source: www.halliburtonwatch.org/news/stock_troop2.html

Published: September 20, 2005

 

 

In 1 year, Halliburton's stock doubles as troop deaths double

 

20 Sept. 2005

 

WASHINGTON, Sept. 20 (HalliburtonWatch.org) -- Since the beginning of the Iraq war, Halliburton, the Texas energy giant once headed by Vice President Dick Cheney, has seen its stock price more than triple in value. When the U.S invaded Iraq in March of 2003, Halliburton's stock was selling for $20 per share. The stock price at the close of market activity on Monday was $66.

 

In the last 12 months, the total number of U.S. service members killed in Iraq almost doubled as Halliburton's stock doubled. Halliburton's stock rose from $33 per share in September 2004 to $66 yesterday while U.S. deaths in Iraq increased from 1,061 to almost 1900.

 

Three graphs at this link starkly depict the dramatically similar rise of Halliburton's stock price, revenue and U.S. soldiers killed during the past thirty months of war in Iraq.

 

Halliburton's CEO also enjoyed an incredible personal gain from Iraq and the commensurate rise in gasoline prices. A HalliburtonWatch analysis reveals that CEO David Lesar's stock holdings in Halliburton increased by a stunning $78 million since the Iraq invasion.

 

As U.S. citizens march on Washington this weekend to protest the 30-month anniversary of the war, a recent poll shows 52 percent of Americans want an "immediate" withdrawal of all U.S. troops from Iraq.

 

The big money Halliburton has made from the war, along with the widespread belief that the Bush administration lied about Saddam Hussein's purported weapons of mass destruction, has helped fuel public sentiment supporting the immediate withdrawal of troops from Iraq. Polls show a majority of Americans do not think the war is worth the cost in lives and taxpayers' money.

 

Halliburton has been the focus of heated criticism from members of Congress and even the Bush administration over its handling of war contracts. Pentagon auditors have issued at least nine reports slamming the company's inept and possibly fraudulent accounting system for work in Iraq.

 

In September 2004, the U.S. military called for the immediate termination of Halliburton's most lucrative contract with the Army because of poor performance. Additionally, in January, the U.S. embassy in Iraq threatened to terminate Halliburton's contracts because of poor performance. However, both recommendations were ignored by President George W. Bush.

 

[krsna 3]

 

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[Kulapavana 0]

no kidding... they are pumping both Iraqi oil and US Treasury. gas is 5 cents per gallon in Iraq (US taxpayers pay the difference between the market price charged by Halliburton and the 5c street price) and smuggling makes up for at least 50% of gas volume!. As long as Halliburton has to truck in gas from Kuwait the profits are enormous! of course at the expense of US Treasury... there is no better business than the war business...

 

 

[Guest guest]

how much is cannon fodder worth these days......

[krsna 3]

US launches assault in west Iraq

Some 1,000 US soldiers have embarked on an assault on al-Qaeda-linked militants in western Iraq, the US military says.

Initial helicopter strikes on the town of Sadah, near the Syrian border in Anbar province, were followed by a US ground assault, officials say.

 

They say Operation Iron Fist - the latest in a series of assaults in the area - will tackle infiltration and destroy the insurgents' haven.

 

Local doctors tell the BBC at least 10 civilians have died in the operation.

 

The dead - who include at least three children - were reportedly travelling in two vehicles carrying fleeing families.

 

Operation Iron Fist is the first major US assault in western Iraq since troops struck at the town of Talafar - also near the Syrian border - earlier this year.

 

BBC Baghdad correspondent Caroline Hawley says the US offensives have largely failed to stop a series of deadly bombings blamed on the insurgents.

 

Violence has spiralled as Iraqis prepare to vote in a referendum on a new constitution, scheduled for 15 October.

 

At least 10 people were killed when a bomb exploded in a market in the town of Hilla on Friday.

 

On Thursday, blasts in the town of Balad claimed 95 lives.

 

US Secretary of State Condoleezza Rice has meanwhile said America cannot abandon its mission in Iraq.

 

She said the American public had to realise the consequences of ceding the country to "barbaric killers".