Halliburton's History Supporting Terrorist Regimes

Discussion in 'Politics' started by harrytrader, Apr 17, 2003.

  1. referenced on orlin grabbe site (who is a trader also specialist of exotics options and also cryptology):



    Azerbaijan. Dick Cheney lobbied to remove Congressional sanctions against aid to Azerbaijan, sanctions imposed because of concerns about ethnic cleansing. Cheney said the sanctions were the result only of groundless campaigning by the Armenian-American lobby. In 1997, Halliburton subsidiary Brown & Root bid on a major Caspian project from the Azerbaijan International Operating Company.
    Indonesia. Halliburton had extensive investments and contracts in Suharto's Indonesia. The post-Suharto government during a purging of corruptly awarded contracts canceled one of its contracts. Indonesia Corruption Watch named Kellogg Brown & Root (Halliburton's engineering division) among 59 companies using collusive, corruptive and nepotistic practices in deals involving former President Suharto's family.

    Iran. Dick Cheney has lobbied against the Iran-Libya Sanctions Act. Even with the Act in place, Halliburton has continued to operate in Iran. It settled with the Department of Commerce in 1997, before Cheney became CEO, over allegations relating to Iran for $15,000, without admitting any wrongdoing.

    Iraq. Dick Cheney cites multilateral sanctions against Iraq as an example of sanctions he supports. Yet since the war, Halliburton-related companies helped to reconstruct Iraq's oil industry. In July 2000, the International Herald Tribune reported, "Dresser-Rand and Ingersoll-Dresser Pump Co., joint ventures that Halliburton has sold within the past year, have done work in Iraq on contracts for the reconstruction of Iraq's oil industry, under the United Nations' Oil for Food Program." A Halliburton spokesman acknowledged to the Tribune that the Dresser subsidiaries did sell oil-pumping equipment to Iraq via European agents.

    Libya. Before Cheney's arrival, Halliburton was deeply involved in Libya, earning $44.7 million there in 1993. After sanctions on Libya were imposed, earnings dropped to $12.4 million in 1994. Halliburton continued doing business in Libya throughout Cheney's tenure. One Member of Congress accused the company "of undermining American foreign policy to the full extent allowed by law."

    Nigeria. Local villagers have accused Halliburton of complicity in the shooting of a protester by Nigeria's Mobile Police Unit, playing a similar role to Shell and Chevron in the mobilization of this 'kill and go" unit to protect company property. Dick Cheney has been a strong advocate for preventing or eliminating federal laws that place limits on Halliburton's ability to do business in these countries
  2. Thank you for posting this Trading related information. You see, Halliburton (stock symbol HAL) is an element of the Dow Jones Index, and also one of the select stocks upon which Single Stock Futures are traded. The major part of my trading interests at this time concern the world of Single Stock Futures. Therefore, this information on HAL is quite timely and relevent to me as a trader of stocks and futures. I am gratified to have this sort of crucial information on the activities and connections of this company Halliburton, as a key aid in my ventures in the world of the stock and futures market, as I weigh whether I should risk my money on the future dealings of this major company.

    I look forward to learning even more details about HAL as they may be presented by other knowledgeable members of Elite Trader, to further aid me in my financial forays in the world of Single Stock Futures. I hope this thread will continue to provide me such information here in the Trading Topic.
  3. On "Trading" point of view it's a sure stock since their finance is backed up with tax people :D