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Politics : Politics for Pros- moderated

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To: JF Quinnelly who wrote (14457)10/30/2003 1:16:55 AM
From: Lizzie Tudor  Read Replies (2) of 793697
 
Reps: U.S. Overpaying Halliburton for Gas

WASHINGTON (Reuters) - The U.S. government is paying Vice President Dick Cheney (news - web sites)'s former firm Halliburton (NYSE:HAL - news) "enormous sums" -- $2.65 a gallon -- for gasoline imported into Iraq (news - web sites) from Kuwait, two lawmakers charged on Wednesday.

Democrats Rep. Henry Waxman of California and Rep. John Dingell of Michigan said this gross overpayment was made worse by the fact that the U.S. government was turning around and reselling the gasoline in Iraq for four to 15 cents a gallon.

Waxman added in a statement: "We know that someone is getting rich importing gasoline into Iraq. What we don't know is who is making the money, Halliburton or the Kuwaitis?"

story.news.yahoo.com
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