Sunday, March 11, 2007

The Mountain and Mohammed: Halliburton Moves HQ to United Arab Emirates

The NY Times website reports that Dick Cheney's old stomping grounds, oil services giant Halliburton, is moving their world headquarters out of friendly Texas into even friendlier Dubai, one of the United Arab Emirates. Nearer to the where oil action is, and "an Arab boomtown where free-market capitalism has been paired with some of the world's most liberal tax, investment and residency laws," according to this AP article. This should help their bottom line, suffering under the numerous Bush/Cheney time no-bid contracts. And by the way, "Federal investigators last month alleged Halliburton was responsible for $2.7 billion of the $10 billion in contractor waste and overcharging in Iraq."