Halliburton, the big energy services company, said on Sunday that it would open a corporate headquarters in the United Arab Emirates city of Dubai and move its chairman and chief executive, David J. Lesar, there.
The company will maintain its existing corporate office here as well as its legal incorporation in the United States, meaning that it will still be subject to domestic laws and regulations.
Although the announcement of the new Dubai arrangement took many by surprise, Halliburton said that the move was part of a strategy announced in mid-2006 to concentrate its efforts in the Middle East and surrounding areas, where state-owned oil companies represent a growing source of business.
Halliburton, which was led by Vice President Dick Cheney from 1995 to 2000, is currently in the process of spinning off KBR, its military contracting unit, to focus on its business of drilling wells and maintaining fields for oil companies. The company did not say what implications the Dubai development might have for its military contracts. Lea Anne McBride, a spokeswoman for Mr. Cheney, referred questions about the company’s plans to Halliburton.
I could have entitled this post The Rape of America and been closer to the truth. Dick Cheney, Vice President of the United States, turned his Oil/Military contracting business over to this man when he entered the White House and started a war in the oil fields if Iraq. The company got billions of dollars in Military contracts, and is now pulling out of the United States to get closer to those oil fields. Unbelievable.
Just unbelievable…
Dp you remember what Cheney said to Lieberman at the 2000 debate? He said that the gov’t had nothing to do with how well he had done while he was CEO of Haliburton. Lieberman and the media let him get away with that big lie.
Check out an insightful take on the proposed Iraqi “oil sharing” law, as to who is actually going to “share” the revenue, in today’s NYT, http://www.nytimes.com/03/31/opinion/13juhasz.html
correction to the url: shoul be http://www.nytimes.com/2007/03/31/opinion/13juhasz.html
You know when this mess all started I had a number of people tell me that I was crazy to think that this had to do with oil. Well, more and more I am more justified in saying to them, “I told you so.”
I was skeptical early on, but now it’s just a fact, “It’s about OIL.”