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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (32509)	12/10/2003 8:21:33 AM
From: Wowzer	Read Replies (1) \| Respond to of 89467

Where can I get deals like this? Halliburton charges U.S. $2.64 a gallon New York Times News Service Published December 10, 2003 The U.S. government is paying Halliburton Co. an average of $2.64 a gallon to import gasoline in Iraq, more than twice what others are paying to truck in Kuwaiti fuel, government papers show. Halliburton, which has the exclusive contract to import fuel into Iraq, subcontracts the work to a Kuwaiti firm, government officials said. But Halliburton receives 26 cents a gallon to cover overhead costs and its fee, according to Army Corps of Engineers documents. The papers show Halliburton is charging $2.64 for a gallon of fuel it imports from Kuwait and $1.24 per gallon for fuel from Turkey. The fuel is sold in Iraq for 5 cents to 15 cents a gallon. The Iraqi state oil company and the Pentagon's Defense Energy Support Center import fuel from Kuwait for less than half of the cost per gallon charged by Halliburton, according to government records. Halliburton spokeswoman Wendy Hall said the job is in a "hazardous" and "hostile environment" and that profit on the contract is small". Yeah and if you believe Wendy I have a bridge to sell you.

To: Wharf Rat who wrote (32509)	12/10/2003 10:42:32 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

I occasionally hear Kudlow discuss gold more like passing comments, since he doesnt discuss the topic much at all he regards rising gold price as an indication of future price inflation but then he turns incorrectly to the CPI and concludes that inflation is "nowhere in sight" he doesnt even see the Asian import price threat on the horizon, which is like AN EFFING FREIGHT TRAIN heading our way Japan, Taiwan, Korea, Singapore, Malaysia, Thailand can all rise in currency, even while China remains pegged fixed he overlooks the bond market, the real estate sector, and the tech stocks KUDLOW IS A VERIFIABLE DUNCE when he mentions gold, he does not cover much of any of the 25 reasons I cited last year in my first article he does mention that shorterm rates are low but never says we have "negative real rates" Kudlow is a supply sider with very shallow tendencies who is a dyed in the wool believer in federal and monetary stimulus when he was confronted by Bill Sullivan of Morgan Stanley last week on the broken business cycle, and the associated leakage of jobs, Kudlow totally ignored all Sully said, and repeated his shallow stupidity, claiming that jobs will be forthcoming the only bigger moron out there than Kudlow is Cramer / jim