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by kamranjon 237 days ago
“Noone made any money or got any oil from the Iraq War.”

This seems wrong?

Halliburton secured a 7billion dollar contract where they were the only allowed bidders, their subsidiary Kellog Brown & Root (KBR) was estimated to receive at least 39.5billion dollars in federal contracts.

Halliburton experienced a 80% increase in revenue by the first quarter of 2004…

Most of these contracts were “cost-plus” which meant they were guaranteed reimbursement for their costs + a guaranteed profit on top of that.

As a result of the war many oil companies including BP were awarded access and development contracts to the oil fields, with BP extracting well over 15billion dollars worth of oil.

Over 150billion dollars in oil money apparently just went missing or was “stolen”.

Also the US has maintained control over Iraqi oil revenue since the beginning of the war in 2003.

It would seem to be almost rewriting history to make such a statement…