December 29, 2003

Halliburton Once Again

Halliburton strikes again:

FT.com / World / International economy: Pentagon auditors claim a Halliburton subsidiary was warned by the company's own internal auditors that there were serious problems with the implementation of its contract to import fuel into Iraq. Michael Thibault, deputy director of the Defense Contract Audit Agency, told Senate governmental affairs committee staff this week that the DCAA had uncovered an audit in which Halliburton was told it was charging excessive prices to import fuel from Kuwait into Iraq and was violating federal procurement rules, according to a summary released by Senator Joe Lieberman, the ranking Democrat on the committee.... Halliburton was refusing to turn over the audit documents to the Pentagon... similar allegations were contained in a December 10 letter from the DCAA to Kellogg Brown & Root, the Halliburton subsidiary handling the fuel contract.... Pentagon auditors stumbled across the internal Halliburton document in the course of a routine audit and took extensive notes on its contents.

Posted by DeLong at December 29, 2003 05:18 AM | TrackBack

Comments

Our President has, already, assured us that any overcharges will be paid back to U.S. taxpayers.

There's no story here, move along.

There is no comparison with Ken Lay overcharging California, now move along.

Posted by: Office Bob on December 29, 2003 10:39 AM

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Oh why can't we have a better class of anti-adminststration bloggers?

Quote from today's article by the NYT's crack investigative team of Gerth and Van Natta:

"An examination of what has grown into a multibillion-dollar contract to restore Iraq's oil infrastructure shows no evidence of profiteering by Halliburton, the Houston-based oil services company, but it does demonstrate a struggle between price controls and the uncertainties of war, with price controls frequently losing."

Posted by: MaidenLane on December 29, 2003 08:23 PM

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"Look away, look away. Nothing to see here." The problem with such urgings is that they identical to what one would expect to hear from partisans who want to sweep malfeasance under the rug. It is what the folks who brought us Iran/Contra said. This is not to say that we should assume the worst, but we should certainly not look the other way.

Posted by: K Harris on December 30, 2003 06:34 AM

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Now for the good news. Both Halliburton and the Army Corp of Engineers will be going out of the fuel delivery business in Iraq.

http://story.news.yahoo.com/news?tmpl=story&u=/ap/20031231/ap_on_go_ca_st_pe/halliburton&cid=542&ncid=716

Posted by: K Harris on December 31, 2003 07:03 AM

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Same, same....

Boeing LSI promised Army BMDO a Joint Contracts Consolidation would save $M's. Instead, Boeing overran right up on $100M before BMDO pulled the plug, and re-sculpted itself as NMD, without the annoyance of having to ask those $M's be repaid. Of course, in a Star wars program squandering literally 10's of BILLION$, what's a few mill?

Ya gotta give the truth-inverters their due! ; ) Crafty little bastards, those DoD contractors.
Pentagon can't account for a full TRILLION $'s, greatest fraud/incompetence in history of man.

Instead, we get mad cow and orange alert. Enjoy!

Posted by: Will Provonce on December 31, 2003 02:23 PM

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