Thread: Should this affect the Halliburton contracts?

Halliburton to move headquarters, CEO to Dubai
By Mohammed Abbas and Anna Driver Mon Mar 12, 5:10 AM ET

MANAMA/HOUSTON (Reuters) - U.S. oil services firm Halliburton Co. (NYSE:HAL - news) is moving its headquarters and chief executive to Dubai in a move that immediately sparked criticism from some U.S. politicians.

Texas-based Halliburton, which was led by Vice President Dick Cheney from 1995-2000, did not specify what, if any, tax implications the move might entail. It plans to list on a Middle East bourse once it moves to Dubai -- a booming commercial center in the Gulf. The company said it was making the moves to position itself better to gain contracts in the oil-rich Middle East.
"This is an insult to the U.S. soldiers and taxpayers who paid the tab for their no-bid contracts and endured their overcharges for all these years," said judiciary committee chairman Sen. Patrick Leahy (news, bio, voting record), a Vermont Democrat.

Rep. Henry Waxman (news, bio, voting record), chairman of the House Oversight and Government Reform Committee, might hold a hearing on the implications, an aide to Waxman said.

The question becomes: Should this relocation affect the existing government contracts for Halliburton and its subsidiaries?

Halliburton to move headquarters, CEO to Dubai - Yahoo! News

As far as I know, war profiteering is a crime. It's akin to being a traitor and the Vice President is up to his ears in the swill. I hope he burns in hell. If what's already been done wasn't illegal, then I can't imagine making a case against them moving out AFTER the fact. Even OJ gets to play golf and write books... Micheal Jackson gets to run off to Africa, where the parents wont sue, why would this even register?

When the US gov't starts worryiing about all the other American companies that have moved overseas, I'll take them seriously. Until then, this is just another pile on of Henry Nostralitis Waxmans many piling ons.

Should this affect Halliburton contracts?

No bid contracts get no competition anyway.

As liberal as I am, let's not forget that Haliburton had no bid contracts under the Clinton administration also. They didn't make as much money, but they were in place.

Halliburton moving was a business decision. I think it should have no effect. I don't believe they should have gotten all those contracts in the first place, but if the government gave the contracts to the best company to fulfill them, which they should have, then this has no bearing. It is just another bad mark for the administration in my book.

Originally Posted by Think for myself

As liberal as I am, let's not forget that Haliburton had no bid contracts under the Clinton administration also. They didn't make as much money, but they were in place.

Yes one of the first no bid contracts people were having a fuss about was during Clinton's run as president. I remember that. There was a group out of Houston called Contec who was brushed aside for Halliburton even though they could easily do what the contract called for. This was where I learned of the term.

Oh crap. I was reading about this. All major companies are doing it because of this act that was made (I have to go look it up-2 names) that is destroying businesses in the US and forcing them to leave the country.

Originally Posted by metheron

Halliburton moving was a business decision. I think it should have no effect. I don't believe they should have gotten all those contracts in the first place, but if the government gave the contracts to the best company to fulfill them, which they should have, then this has no bearing. It is just another bad mark for the administration in my book.

There are aspects of haliburton that nobody else does, no AMerican company anyway.

Originally Posted by Dr.Knuckles

As far as I know, war profiteering is a crime. It's akin to being a traitor and the Vice President is up to his ears in the swill. I hope he burns in hell. ....

The Vice President sold off his shares in Haliburton when he ran for the Vice Presidency 6 years ago. I think it is very uncalled for to say you think he should burn in hell. I think Bill Clinton is a very terrible person but I would never say such a thing about him.