Cheney Made Millions Off Oil Deals with Hussein

Cheney Made Millions Off Oil Deals with Hussein
San Francisco Bay Guardian
November 13, 2000
by Martin A. Lee

Here's a whopper of a story you may have missed amid the cacophony of campaign ads and stump speeches in the run- up to the elections.

During former defense secretary Richard Cheney's five-year tenure as chief executive of Halliburton, Inc., his oil services firm raked in big bucks from dubious commercial dealings with Iraq. Cheney left Halliburton with a $34 million retirement package last July when he became the GOP's vice-presidential candidate.

Of course, U.S. firms aren't generally supposed to do business with Saddam Hussein. But thanks to legal loopholes large enough to steer an oil tanker through, Halliburton profited big-time from deals with the Iraqi dictatorship. Conducted discreetly through several Halliburton subsidiaries in Europe, these greasy transactions helped Saddam Hussein retain his grip on power while lining the pockets of Cheney and company....