Is Halliburton and Koch Industries behind the Egypt Uprising ?
First a little history: Halliburton Oil with the help of former VP and CEO Dick Cheney made billions off the no bid contracts they were handed by Bush and many experts have now concluded that the Iraq war was started to gain control of the Iraq oil fields.
Koch Industries that has direct ties to Halliburton through mutual interests also made a lot of money off the Iraq war and continues to make money off Iraq and Aghanistan wars with its military contracts. That's right- Koch Industries makes money off wars by providing military supplies and weapons materials to the US and foreign contracts.
Both Halliburton and Koch oil are heavily vested in Egypt oil contracts and are making tons of money from the Egypt protests and would make even more from a war in that area:
"For much of the world, the recent unrest in Egypt and Tunisia raised the usual concerns about political instability in the Middle East and higher prices at the gas pump.
But for large corporations that make a living in the oil industry, the upheaval was good for business.
Many of these corporations were doing well enough even before massive demonstrations hit Tunisia and Egypt. When tensions in the region escalated, causing a spike in crude oil prices, most oil-related stocks spiked as well.
One of those stocks, Halliburton (HAL), rose 16% over a seven-session period from Jan. 26 through Thursday. Shares hit a 2 1/2-year high.
Halliburton, based in Houston, provides products and services to the energy industry for the exploration, development and production of oil and natural gas. It operates in two segments: Completion and Production,and Drilling and Evaluation.
The rise in crude prices likely contributed to Halliburton's recent stock uptick. So did the company's strong position in non-Middle East regions, which figure to see a rise in value if tensions continue to escalate in Egypt and elsewhere."http://www.investors.com/NewsAndAnalysis/Article/562120/20110...
Koch Industries owns Dupont subsidiary
DuPont was also awarded a three-year $1.4 million contract by DSCP to build and maintain a buffer stock of Nomex® fiber, which is used to manufacture flame resistant coveralls for U.S. warfighters. The program applies lean manufacturing principles that will help reduce both lead times and DSCP's working capital.
CORDURA is the brand name for a collection of fabrics used in a wide array of products including luggage, backpacks, boots, military wear and performance apparel. A registered trademark of INVISTA (A wholly-owned subsidiary of Koch Industries, Inc.), the fabric was originally developed by DuPont in 1929. CORDURA fabrics are made using yarns or fibers from INVISTA. Fabrics can be made using 100% synthetic fibre or in blends with cotton or othernatural fibers. Nilit® Ltd. is the sole licensee for Cordura Apparel applications in Europe, Africa and the Middle East.
So both Halliburton and Koch Industries are benefiting greatly from the unrest in Egypt and an all out war in that area would benefit them even more.
Now consider that Cheney has just recently asked Obama to go easy on Mubarak calling him a "friend".
Add to that Rand Paul who's campaign was financed by Koch industries has been all over the media calling for an end to foreign aid to Egypt and other countries.
These two companies have the most to gain from a war in Egypt that could escalate to a war across Arabia and Cheney and Rand Paul are trying to spark that war by calling for Mubarak to stay in power and removing foreign aid to the Egyptian people and military.
Your thoughts ?
See Votes by State
News & Politics