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Politics : Arise O Ye People of Ilk! - Cast off your Cheneys! -- Ignore unavailable to you. Want to Upgrade?

To: 10K a day who wrote (10)	10/29/2003 6:58:56 PM
From: marcos	Read Replies (2) \| Respond to of 17

Conspiracy theory du jour [for Ray, if you insist i'll hunt you up one too] - here are a bunch of bozos conspiring to let on that Halliburton shouldn't oughta be making a 250% profit dealing gasoline on their captive contract in the middle east .... what cheek, how long before Waxman and Dingell get strung up, one wonders, well it won't be soon enough for our HAL eh - biz.yahoo.com 'US Overpaying Halliburton for Gas -Reps Wednesday October 29, 5:54 pm ET WASHINGTON (Reuters) - The U.S. government is paying Vice President Dick Cheney's former firm Halliburton "enormous sums" -- $2.65 a gallon -- for gasoline imported into Iraq 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. In a letter of complaint sent to National Security Adviser Condoleezza Rice, the two lawmakers said experts they consulted think the cost of buying and transporting gasoline from Kuwait into Iraq should cost less than $1 a gallon. The Iraqi oil company SOMO is paying only 97 cents a gallon to import gasoline from Kuwait to Iraq, they said. 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?" Halliburton subsidiary Kellogg Brown & Root, which defends its pricing as fair, has a contract with the U.S. Army Corps of Engineers to rebuild Iraq's oil sector. This has included importing oil products in short supply as the oil-rich nation's refineries are brought back into production. As of Oct. 19, Halliburton had imported 61.3 million gallons of gasoline from Kuwait into Iraq, and the company was paid $162.5 million for an average price of $2.65 a gallon, Waxman and Dingell wrote....'