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According to the Wall Street Journal -
• The Situation: The
Navy is building a command-and-control facility atop one of Iraq's
offshore oil terminals, establishing a long-term commitment to
protecting the country's oil industry.
• The Players: U.S., Australian and British personnel help guard the facilities and train Iraqis. Iran's Revolutionary Guards operate nearby.
• What's at Stake:
Iraq's two export terminals, when working, can load almost two million
barrels a day, about 2.4% of the world's daily oil needs.
This is just a perfect example of vertical integration for Halliburton - supporting a military base directly on top of an oil platform. It just keeps getting better and better for the company. Who could possibly be making things like this happen? You'd almost think they had friends in high places somewhere. Oh well, got to keep fighting for that oil's freedom.
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