PhillyKev 0 #1 September 12, 2003 Original projected cost of restoring Iraq's oil wells: 750 million Current cost: 1 billion and climbing Cost if contract was given to one of their competitors: No idea. They were awarded the contract without allowing any competetive bidding. Quote Share this post Link to post Share on other sites
Muenkel 0 #2 September 12, 2003 Oh good...my stock is going to go up. _________________________________________ Chris Quote Share this post Link to post Share on other sites
PhillyKev 0 #3 September 12, 2003 QuoteOh good...my stock is going to go up. Since I don't own Halliburton, could you send me my $4? Quote Share this post Link to post Share on other sites
storm1977 0 #4 September 12, 2003 Seriously... I have one question. What other companies could potential got the contract? ----------------------------------------------------- Sometimes it is more important to protect LIFE than Liberty Quote Share this post Link to post Share on other sites
jfields 0 #5 September 12, 2003 QuoteSeriously... I have one question. What other companies could potential got the contract? Are you asking about what companies have the technical expertise, or what companies have an "in" at the White House? Quote Share this post Link to post Share on other sites
PhillyKev 0 #6 September 12, 2003 QuoteSeriously... I have one question. What other companies could potential got the contract? Any of there main competitors: Schlumberger Ltd. (SLB: Research, Estimates), Baker Hughes Inc. (BHI: Research, Estimates), GlobalSantaFe Corp. (GSF: Research, Estimates), Nabors Industries Ltd. (NBR: Research, Estimates) and Weatherford International (WFT: Research, Estimates), Quote Share this post Link to post Share on other sites
livendive 8 #7 September 12, 2003 Bechtel? the Washington Group? CH2M Hill? Fluor? Blues, Dave"I AM A PROFESSIONAL EXTREME ATHLETE!" (drink Mountain Dew) Quote Share this post Link to post Share on other sites
PhillyKev 0 #8 September 12, 2003 QuoteQuoteSeriously... I have one question. What other companies could potential got the contract? Are you asking about what companies have the technical expertise, or what companies have an "in" at the White House? Come on. That's un-called for. Bush is just really lucky in that he happens to be personal friends with people who are best for the job. No need to seek out candidates when you can just go through your personal address book. Thomas Foley, 51, befriended Mr Bush when they attended Harvard. He will be in charge of 200 state-owned enterprises including mining, chemical, cement and tobacco production, and report directly to the top US administrator in Iraq, Paul Bremer. Quote Share this post Link to post Share on other sites
storm1977 0 #9 September 12, 2003 No, seriously... Let's just say you have a friend that is a roofer. Hurricane comes, tree goes through your roof. Your friend is very good at roofing, so...Do you call him or his competitors? Your friend!!!! Did any of those companies contribute to the GOP? It is not a big deal it got bumped to 1billion Look at the big Dig in Boston... Up to 15billion 750 mill was the contract estimate I am sure. You get the contract based on what you thing the situation is, and the "estimated costs". When you get there and see a shit load of other problems... the cost has to go up. Wish I had Halliburton stock too. ----------------------------------------------------- Sometimes it is more important to protect LIFE than Liberty Quote Share this post Link to post Share on other sites
kiltboy 0 #10 September 12, 2003 QuoteNo, seriously... Let's just say you have a friend that is a roofer. Hurricane comes, tree goes through your roof. Your friend is very good at roofing, so...Do you call him or his competitors? Your friend!!!! Very true statement and I do the same. Here's the thing though if you are crying out for the UN to take a bigger role in sharing the burden of costs and sending troops etc. Why aren't you handing over the role of Paul Bremer to an international panel like the UN? Why not have said panel look at bids for the future construction work? That way the Iraqi's get the best deal there is. Keeping it a closed shop for buddies of the President is really damaging efforts to get broader international support. David Quote Share this post Link to post Share on other sites
PhillyKev 0 #11 September 12, 2003 QuoteNo, seriously... Let's just say you have a friend that is a roofer. Hurricane comes, tree goes through your roof. Your friend is very good at roofing, so...Do you call him or his competitors? Your friend!!!! Let's say I'm the trustee of someone's estate. It is my job to make sure that there money is protected. They want me to find them a roofer. Is it right for me to just call my friend, because I happen to know him? Or would it be more ethical of me to solicit information from other roofers with good references? In the hypothetical above, couldn't I even be charged with a crime if I don't do what is in my client's best interest. You betcha. If Bush wants to spend his own money with Halliburton, go for it. But he's entrusted with other people's money and has an obligation to us to actually use it in the best manner, not the easiest, or best for his friends. Quote Share this post Link to post Share on other sites
PhillyKev 0 #12 September 12, 2003 Quote750 mill was the contract estimate I am sure. Yeah, and estimate made without any competition. And price increases without any competition. Maybe other companies would have made lower estimates, or put caps on the amount they exceed the estimate, but we'll never know. Quote Share this post Link to post Share on other sites
