In other words: A discussion of The Bush Administration
Halliburton Allegedly Overcharges in Iraq
WASHINGTON -- Two Democratic lawmakers say Vice President Dick Cheney's former company, Halliburton, is gouging U.S. taxpayers while importing gasoline into Iraq. The Houston-based company contends it is paying the best price possible.
Reps. Henry Waxman of California and John Dingell of Michigan complained to the Bush administration that Halliburton's KBR subsidiary is billing the Army between $1.62 and $1.70 per gallon, while the average price for Middle East gasoline is 71 cents.
They also complained that Iraqis are charged between 4 cents and 15 cents at the pump for the imported gasoline.
"Although Iraq has the second largest oil reserves in the world, the U.S. taxpayer is, in effect, subsidizing over 90 percent of the cost of gasoline sold in Iraq," the lawmakers said in the latest Democratic attacks against the Houston company that received a no-bid contract.
The charges cover the purchase and transportation of the petroleum from Kuwait and other countries.
Halliburton, originally hired to extinguish oil fires, has received the expanded role of restoring Iraq's oil industry. The company has been paid $1.4 billion through September for its work.
- rob 1:39 PM - [PermaLink] -
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