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Wednesday, March 29, 2006

not that we need this

because i think we all already know they're doing a crappy job and are robbing us* blind, BUT if you want actual facts and data, here is a link to representative henry waxman's study (performed FOR him, not by him by the way) on

HELL-IBURTON

Halliburton’s Performance Worsens under Second Iraqi Oil Contract

Tuesday, March 28, 2006 -- Rep. Waxman releases the first analysis of Halliburton's RIO 2 contract to restore Iraq's southern oil fields. The examination of previously undisclosed correspondence, evaluations, and audits reveals that government officials and investigators have harshly criticized Halliburton’s performance under RIO 2. The documents disclose an "overwhelmingly negative" performance, including:

.......Exorbitant Costs: Halliburton was “accruing exorbitant indirect costs at a rapid rate.” Government officials concluded that Halliburton’s “lack of cost containment and funds management is the single biggest detriment to this program.” They found a “lack of cost control … in Houston, Kuwait, and Iraq.” In a partial review of the RIO 2 contract, DCAA auditors challenged $45 million in costs as unreasonable or unsupported. .......

........Refusal to Cooperate: Evaluations described Halliburton as “obstructive” with oversight officials. Despite the billions in taxpayer funds Halliburton has been paid, the company’s “leadership demonstrated minimal cooperative attitude resolving problems.” .........

UNITED STATES HOUSE OF REPRESENTATIVES
COMMITTEE ON GOVERNMENT REFORM — MINORITY STAFF
SPECIAL INVESTIGATIONS DIVISION
MARCH 28, 2006
HALLIBURTON’S PERFORMANCE UNDER THE
RESTORE IRAQI OIL 2 CONTRACT



*the us is you and me NOT the bushwhacked administration. SOMEONE'S POCKETS ARE BEING LINED

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