Total BS to think we went to war in Iraq for the sake of Halliburton.
Indeed, Halliburton sold off the KBR division that was most involved with Iraq reconstruction and supply in 2006.
But Halliburton is the world's second largest oilfield services corporation with operations in more than 70 countries. It is a worldwide company and employs over 50,000 people, so of course it makes Billions of dollars each year in Revenue, but not from friggin Iraq deals.
http://www.halliburton.com/ps/
Exxon isn't making much money off of Iraq oil as they are still not pumping that much, indeed, Exxon only is invested in just one oil field in Iraq and there are 7 major fields and 14 other oil companies working with Iraq to increase their production levels.
http://en.wikipedia.org/wiki/Economy_of_Iraq
Arthur
I didn't initially believe this but its actually correct. Although Halliburton DID make billions from reconstruction it did not really benefit from the oil. As a matter of fact the US as a whole didn't really benefit from Iraqi oil which puts a dent into war for oil unless your willing to believe it was done for the benefit of the Chinese:
WASIT, Iraq —
A red banner hangs at the entrance of the office of the company — the Iraqi affiliate of China's state-owned China National Petroleum Corp. — its Chinese characters promising anyone who can decipher them: "We will try our best to make this project a success."
From among the most outspoken of critics of the 2003 U.S.-led invasion to topple Saddam Hussein, China has emerged as one of the biggest economic beneficiaries of the war, snagging five lucrative deals. While Western firms were largely subdued in their interest in Iraq's recent oil auctions, China snapped up three contracts, shrugging off the security risks and the country's political instability for the promise of oil.
The result of its efforts is that about half of China's oil comes from the region. It has ousted the United States as OPEC kingpin Saudi Arabia's top oil customer. Saudi Arabia has also set up a joint venture refinery in China.
http://www.msnbc.msn.com/id/37577656...il_and_energy/
CONTINGENCY OPERATING BASE BASRA, IRAQ - Oil executives buzz in and out of this American base, the former British base connected to the Basra airport, some for meetings with officials, some staying the night – or longer.The American mission in Basra, Iraq’s oil capital, is perhaps unlike that of any U.S. outpost in the world: to ensure the world’s largest oil companies have as few problems as possible as they start work on Iraqi oil contracts that could see the country become the largest producer ever.It’s also a tricky prerogative, considering the country’s lack of weapons of mass destruction but abundance of oil, which only bolsters the claims of those who say economic bounty was the motive for the U.S.-led invasion.
“U.S. government policy at this time is that the USG in Iraq should assist in facilitating the mobilization of these companies without regard to the nationality of the companies,” said Kenneth Thomas, head of the energy and transportation section of the Basra Provincial Reconstruction Team, a U.S. Embassy initiative. “If more American companies come into Iraq, we will of course assist them in any way we can.”
http://www.iraqoilreport.com/oil/pro...oil-boom-4871/
Washington Post
But as the U.S. military draws down and Iraq opens up to foreign investment, China and a handful of other countries that weren't part of the "coalition of the willing" are poised to cash in. These countries are expanding their foothold beyond Iraq's oil reserves -- the world's third largest -- to areas such as construction, government services and even tourism, while American companies show little interest in investing here.
"The U.S. really doesn't know what to do in Iraq," said Fawzi Hariri, Iraq's industry minister. "I have been personally, as the minister of industry, trying to woo U.S. companies into Iraq. There is nothing yet. Nothing tangible."
In the past two years, Chinese companies have walked away with stakes in three of the 11 contracts the Iraqi Oil Ministry has signed in its bid to increase crude output by about 450 percent over the next seven years. They also renegotiated a $3 billion deal that dates to when Saddam Hussein was in power.Only two American firms won stakes in oil deals, an underwhelming showing that industry analysts and U.S. officials say reflects deep concerns about doing business in a country besieged by insecurity, corruption and political turmoil.
"People know they didn't participate in the invasion or the sanctions, and they have an old participation in Iraq that predates Saddam Hussein," said Ahmed Abdul-Redha al-Zanki, the senior engineer for Iraq's North Oil Co., which is working with the Chinese to develop the field. "They work with us as partners," in stark contrast to the condescending practices of Western companies, he said.
http://www.washingtonpost.com/wp-dyn...070103406.html