it is interesting at this point
that both the old (GORE and BUSH) families
have strong ties to oil
Halliburton $14.9 billion company
Halliburton became the world’s largest oilfield services and products
President Bush’s defense secretary during the Persian Gulf War.
Halliburton has its largest domestic presence in Houston with
20,000 employees. Some 83,000 other workers are spread over 130
Cheney has set the big-picture course for Halliburton, using his
international contacts to get deals done.
"He has been a wonderful CEO," said Anne L. Armstrong, a former
Halliburton director who was ambassador to Britain in the Ford
administration. "His international contacts have been invaluable."
More than two-thirds of the company’s 1999 revenues came from
overseas operations, a figure that promises to increase over time.
The oil and gas industry is a global geopolitical industry.
This month Halliburton began work on a $2.5 billion development
of two Brazilian offshore fields.
The company’s future is working directly with nationalized oil
companies around the world to develop their resources.
excerpted from article by Mark Babineck - AP
Favors Big Oil Over
U.S. Newswire 28 Jul 2000
U.S. Supreme Court
HALLIBURTON OIL WELL CO. v. REILY, 373 U.S. 64 (1963)
373 U.S. 64
HALLIBURTON OIL WELL CEMENTING CO. v. REILY, COLLECTOR OF
APPEAL FROM THE SUPREME COURT OF LOUISIANA. No. 24.
Argued March 26-27, 1962. Restored to calendar for reargument
April 2, 1962.
Reargued December 3,
Decided May 13, 1963.
in a Louisiana State Court for refund of Louisiana use taxes
paid under protest and claimed by appellant to be discriminatory
against interstate commerce. Louisiana taxed sales within the
State at the same rate that it taxed the use within the State
of articles brought from other States, and, in applying its
use tax, it gave credit for sales or use taxes paid to other
States; but there were discrepancies in the tax burden arising
out of the methods of applying the taxes. Part of the tax involved
was based on the cost of labor and shop overhead arising out
of the assembling in Oklahoma of specialized oil well servicing
equipment brought into Louisiana and used there, although these
items of cost would not have been included in computing the
tax had the assembling been done in Louisiana. Another part
of the tax involved was based on the cost of certain articles
bought second-hand in another State from parties not regularly
engaged in the sale of such articles, although these articles
would have been exempt from the Louisiana sales tax had they
been purchased within the State. Held: The taxes here involved
are invalid, because they discriminate against interstate commerce.
(a) Equal treatment for in-state and out-of-state taxpayers
similarly situated is the condition precedent for a valid use
tax on goods imported from out-of-state.
(b) Characterizing the discrimination here involved as "incidental"
does not validate the tax, since equality for the purposes of
competition and the flow of commerce is measured in dollars
and cents, not legal abstractions.
(c) On this record, the proper comparison is between the in-state
and out-of-state manufacturer-user, and the Louisiana use tax,
as applied to appellant's specialized equipment, discriminates
against interstate commerce.
(d) Since Louisiana exempts from its sales tax certain isolated
sales within the State, the application of its use tax to similar
isolated sales outside the State discriminates against interstate
before long iraq will supply oil
to the US
in return of course
the US will stop bombing them...
pretty good deal
all imagery courtesy of CNN and CBS and ABC