American Entropy: War profiteer = Halliburton

07 August 2005

War profiteer = Halliburton

Clearly the Iraq war had an impact on Halliburton's stocks. So what have they been up to lately?

Scandal-plagued Halliburton -- the oil services company once headed by Vice President Cheney -- sold an Iranian oil development company key components for a nuclear reactor, say Halliburton sources with intimate knowledge into both companies' business dealings.

Halliburton was secretly working at the time with one of Iran's top nuclear program officials on natural gas related projects and sold the components in April to the official's oil development company, the sources said.

Just last week, a National Security Council report said Iran was a decade away from acquiring a nuclear bomb. That time frame could arguably have been significantly longer if Halliburton, whose miltary unit just reported a 284 percent increase in its second quarter profits due to its Iraq reconstruction contracts, was not actively providing the Iranian government with the means to build a nuclear weapon.

Dohhh!

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