Home > Archive >Halliburton's Out of Iran Soon
Author:written by K Nimmo postedby jc
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Sun, Jan 30th, 2005 12:18:05 PM
Topic: Halliburton's Out of Iran Soon

Halliburton Pulls Out of Iran Prior to Bush’s Attack

Cheney’s Halliburton will “withdraw all employees from Iran and end its business activities there after its Iranian energy exploration contracts came under criticism this month,” according to the New York Times. “The business environment currently in Iran is not conducive to our overall strategy and objectives,” David J. Lesar, Halliburton’s chief executive, told investors on a conference call.

Or put differently, Halliburton’s “overall strategy and objectives” do not include having its corporate assets anywhere near the “shock and awe” Bush will unleash on Iran in the near future.

In fairness—or what passes for objective journalism in the corporate media these days—the New York Times included a sentence about “speculation” that Bush will attack Iran. However, the spin on the story is that Halliburton is “sensitive to criticism about its operations in the Middle East and its connections to Vice President Dick Cheney.” Some genius at Deutsche Bank added, “In Iran they figured it’s probably not worth the grief.”

For those of us, however, who pay attention to what the Strausscons say and do, this is simply more evidence Bush will attack Iran. It has nothing to do with sensitivity to criticism or grief—it is a perfectly logical business decision. Halliburton does not want to lose millions of dollars as a result of the violence and chaos Bush and Crew will unleash on Iran. Multinational corporations are not sensitive to criticism—they are sensitive to the bottom line and making sure their stockholders are not exposed to risk.

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