On the recordOctober 21, 2003
the company from which Vice President Cheney, the sitting Vice President of the United States, the company from which he continues to draw $13,000 a month, Halliburton, is back in the headlines. The latest example of impropriety from the Vice President's company comes in the form of price-gouging gasoline in Iraq at the expense of American taxpayers. Halliburton is overcharging United States citizens, as reported in The New York Times, as reported in studies, to the tune of $250 million, money we are not spending on prescription drugs for seniors, money we are not spending on education, money we are not spending on highways. Halliburton is overcharging U.S. citizens $250 million, a ploy that independent experts have termed simply ``highway robbery.'' Here is how their scheme works: Halliburton procures gasoline that they generally get from Kuwait, gasoline that can be bought in the Persian Gulf for 71 cents a gallon. It could be transported to Iraq for no more than 25 cents per gallon. It is brought to the United States, to New York Harbor, for under a dollar. So they buy it for 71 cents; they transport it to Iraq for 25 cents. That brings the total to 96 cents a gallon. Halliburton then adds on its profit margin 2 to 7 percent, bringing the price total to $1.03 a gallon.
Source
govinfo.gov




