Halliburton's Interests Assisted by White House
Over the last four years, the Bush administration and Vice President Dick Cheney's office have backed a series of measures favoring a drilling technique developed by Halliburton Co., Cheney's former employer.
The technology, known as hydraulic fracturing, boosts gas and oil production and generates $1.5 billion a year for the company, about one-fifth of its energy-related revenue. In recent years, Halliburton and other oil and gas firms have been fighting efforts to regulate the procedure under a statute that protects drinking water supplies.
Since he took office in January 2001, Cheney has received $398,548 in deferred compensation, and he will continue to receive annual payments through 2005. He also has 433,333 options to purchase Halliburton stock, according to financial disclosure records filed in May 2004.
Thursday, October 14
What Ties to Halliburton?
If you're wondering why the Dope-F***Yourself campaign will become very, very desperate to hang on to power in the next three weeks, this'll remove all doubt.
Posted by Howard Hoffman at 7:45 AM