More on the Iraqi cash cow

Halliburton has won a contract for emergency repairs to Iraqi oil wells. Value of the contract? Unknown, because it’s “cost-plus”: the more Halliburton manages to rack up in expenses, the more money it makes. Time to start flying the interns first class.

Yes, that’s the same Halliburton as in, “Dick Cheney, former CEO of.” And the same Halliburton as in, “under investigation for shady dealings with terrorist-supporting nations.”

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