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Originally posted by: krystal_watzKBR landed the no-bid logistics contract worth $39.5 bn AFTER negotiations by Cheney. What do you make of that? And Halliburton incurred no losses in the war, that's wrong information.
Nothing.. Halliburton & KBR has been receiving government contracts since WWII. I doubt Cheney has anything to do with that war?.. No one bids in times of war, you go with the best equipped company.. no other companies provide with what they provide.. And yes they lose money in Iraq, Halliburton sold KBR because it was draining Halliburton resources? The contracts signed by corporations in Iraq were all cost + 1% contracts which means it doesn't matter how large the contract was for, they made just 1% profit off the contract. Halliburton and KBR are only service contractors, they don't directly get affected by oil prices but by the volume of work..Iraq was only offering service contracts to operators where they only get $1 per barrel, & combined that with the danger & expense of operating in Iraq, it actually made a very bad investment for them..
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