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Deals For Oil

Even Before the War on Iraq, there were already deals being made with major oil corperations in the United States. One such company was Haliburton.

“Halliburton’s stock price responded swiftly, plummeting to $12.62 in October 2002, from a high of $22 the year beforee, and rumors began to swirl that the company would be forced to file for bankruptcy.

But news of a pending war in Iraq meant that Halliburton’s financial troubles would, like Saddam Hussein’s regime, be history. Classified documents from November 2002 show that the Department of Defense recommended that The Army Corps of Engineers award a contract to Brown & Root to extinguish Iraqi oil well fires in addition to ‘assessing the condition of oil-related infrastructure; cleaning up oil spills or other environmental damage at oil facilities; engineering design and repair or reconstruction of damaged infrastructure; assisting in making facilities operational; distribution of petroleum products; and assisting the Iraqis in resuming Iraqi oil company operations.”‘       -By Jason Leopold from

Counter Punch Newsletter

It would seem that the sole gain of a company can prove to be a more pressing need than that of the country. At least, that is what the government says by they’re actions. After he retires, Dick Cheyney will be extremely rich from this deal. With self concerned leaders, the needs of our nation seem to be held in a position of lesser importance than they should be.

Another problem with the War is the debt that is being created as a result. The United States has in the duration of the war developed a hefty debt of 13 trillion dollars. That is an incredible amout of money. To put it in perspective, making 1 dollar a second would add up to 1 trillion dollars in 36 years. Paying off 1dollar a second, it would take the United States 468 years to pay it off. Thats insane.

With such statistics coming from the war, something has got to be done to try to amend this situation.

 

 

December 13th, 2006 in American History   |

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