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Context of 'June 23, 1998: Halliburton CEO Dick Cheney Discusses Importance of Oil Reserves in Caspian Basin'

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Cheney while CEO of Halliburton.Cheney while CEO of Halliburton. [Source: Public domain]Speaking at a “Collateral Damage Conference” hosted by the Cato Institute, Halliburton CEO Dick Cheney says, “[W]e oftentimes find ourselves operating in some very difficult places. The good Lord didn’t see fit to put oil and gas only where there are democratically elected regimes friendly to the United States. Occasionally we have to operate in places where, all things considered, one would not normally choose to go. But, we go where the business is.” During this speech he also emphasizes the importance of the Caspian Basin. “I can’t think of a time when we’ve had a region emerge as suddenly to become as strategically significant as the Caspian. It’s almost as if the opportunities have arisen overnight,” he says. [Cato Institute, 6/23/1998; Chicago Tribune, 8/10/2000]

Entity Tags: Richard (“Dick”) Cheney

Timeline Tags: Complete 911 Timeline, Events Leading to Iraq Invasion

In a speech at the London Institute of Petroleum, Halliburton CEO Dick Cheney says, “By 2010 we will need on the order of an additional fifty million barrels a day. So where is the oil going to come from?… While many regions of the world offer great oil opportunities, the Middle East with two thirds of the world’s oil and the lowest cost, is still where the prize ultimately lies.” [London Institute of Petroleum, 1999]

Entity Tags: Richard (“Dick”) Cheney

Timeline Tags: Events Leading to Iraq Invasion

Kellogg Brown & Root, a subsidiary of Halliburton, wins a 10-year no-bid contract to provide the Pentagon with support services in Iraq—everything from fighting oil-well fires to building military bases to feeding and housing soldiers. Vice President Dick Cheney is the former CEO of Halliburton. When he was defense secretary under George H. W. Bush, Cheney had pushed to outsource many of the military’s logistical and support functions to private contractors, part of what Vanity Fair will later term “a broader effort to transfer government functions of all kinds to the private sector.” [Vanity Fair, 2/2009]

Entity Tags: US Department of Defense, Halliburton, Inc., Richard (“Dick”) Cheney, Kellogg, Brown and Root

Timeline Tags: Events Leading to Iraq Invasion

Vice President Dick Cheney, formerly the chief of staff for President Gerald Ford (see November 4, 1975 and After), says, “Watergate and a lot of the things around Watergate and Vietnam, both during the ‘70s served, I think, to erode the authority… the president needs to be effective, especially in the national security area.” Cheney says that he and George W. Bush have restored some of “the legitimate authority of the presidency” that was taken away in the aftermath of Watergate. “I think the vice president ought to reread the Constitution,” retorts Senator Edward Kennedy (D-MA). The chairman of the Democratic National Committee, Howard Dean comments that Bush and Cheney’s behavior “reminds Americans of the abuse of power during the dark days of Richard Nixon and Spiro Agnew.” [Toronto Star, 12/21/2005; Werth, 2006, pp. 348]

Entity Tags: Richard M. Nixon, Spiro T. Agnew, Richard (“Dick”) Cheney, Howard Dean, Gerald Rudolph Ford, Jr, George W. Bush, Democratic National Committee, Edward M. (“Ted”) Kennedy

Timeline Tags: Nixon and Watergate

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