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:: Wednesday, December 10, 2003 ::

Let the good times flow....

High Payments to Halliburton for Fuel in Iraq: "The United States government is paying the Halliburton Company an average of $2.64 a gallon to import gasoline and other fuel to Iraq from Kuwait, more than twice what others are paying to truck in Kuwaiti fuel, government documents show."

"'I have never seen anything like this in my life,' said Phil Verleger, a California oil economist and the president of the consulting firm PK Verleger LLC. 'That's a monopoly premium — that's the only term to describe it. Every logistical firm or oil subsidiary in the United States and Europe would salivate to have that sort of contract.'"

:: Jim Nichols 12/10/2003 06:21:00 AM [+] ::
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