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The Halliburton Agenda: The Politics of Oil and Money
 
 

The Halliburton Agenda: The Politics of Oil and Money (Hardcover)

by Dan Briody (Author)
4.0 out of 5 stars  See all reviews (2 customer reviews)
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Product details

  • Hardcover: 290 pages
  • Publisher: John Wiley & Sons (28 May 2004)
  • Language English
  • ISBN-10: 0471638609
  • ISBN-13: 978-0471638605
  • Product Dimensions: 23 x 15.6 x 2.8 cm
  • Average Customer Review: 4.0 out of 5 stars  See all reviews (2 customer reviews)
  • Amazon.co.uk Sales Rank: 551,887 in Books (See Bestsellers in Books)
  • See Complete Table of Contents

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Product Description

Review

“…traces the business and political history of the company’s founders.” (Lloyd’s List, 5th November 2004)

“If you want to get your blood boiling, don’t bother sitting out in the sun. Read this book instead.” (CFO Europe, July 2004)

“…he [Briody] is a skilled story teller.” (Financial Times, 13 May 2004)

Following hard on the heels of The Iron Triangle, an examination of international consultants the Carlyle Group, Briody turns his considerable investigative skills to the rise of the Halliburton Corp., its subsidiary Kellogg, Brown and Root and the transformation of the U.S. military establishment. With a blunt matter–of–fact tone, Briody describes the rise of the two companies from the dusty oil fields of west Texas to the marbled corridors of power in Washington, D.C. Briody contends that Halliburton and KBR have literally bought politicians, manipulated the contracting process and ridden the current wave of small wars to record profits. Small, detailed moments of intense private pressure and unscrupulous backroom deal–making dominate this story. While Briody seethes with indignation, there is a grudging respect for the skill with which the executives and politicians ply their trade and a bitter resignation at the reality of the ways of government contracting. Central to the Pentagon’s post–Cold War strategy is outsourcing nonmilitary tasks to private contractors. One of the chief architects of this plan was Dick Cheney, defense secretary for the first President Bush. Briody argues that with Cheney now vice–president and Halliburton awarded a huge no–bid contract to reconstruct Iraq’s oil fields, public outrage has grown. As the controversy simmers, Briody raises an important question: with Americans and Iraqis dying by the day, have military matters become so efficient and profitable for companies like Halliburton that war itself is easier to wage? At times the book is repetitive and has the feel of being rushed to press, but this urgency lends the book a certain gravity. Briody has his own agenda—brilliantly illuminating the increasingly crucial nexus of public need, private profit and war making. Agent, Daniel Greenberg. (May) (Publishers Weekly, May 5, 2004)



Review

“…traces the business and political history of the company’s founders.” (Lloyd’s List, 5th November 2004)

“If you want to get your blood boiling, don’t bother sitting out in the sun. Read this book instead.” (CFO Europe, July 2004)

“…he [Briody] is a skilled story teller.” (Financial Times, 13 May 2004)


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4 of 4 people found the following review helpful:
4.0 out of 5 stars Mixed Emotions: Too Short and Surprisingly it Features LBJ, 20 Aug 2004
By J. E. Robinson - See all my reviews
(TOP 500 REVIEWER)    (REAL NAME)   
Did I get the wrong book from Amazon.com? The book is advertised to be a book about Cheney and Halliburton - it is about Halliburton but not Cheney. For example, pictures of Cheney appear on both the front and back covers of the book jacket. But that is very misleading. The book is not about Cheney per se; there are in fact only a dozen or so pages dealing with Cheney near the end of the book and he plays only a minor role; he finally appears on page 191 of the 237 added seemingly as an afterthought. Surprisingly, the dominant politician in the book is the former president and Texas native Lyndon Baines Johnson or LBJ. By my estimate and it is confirmed by looking at the index, LBJ takes up three times as much space in the book as Cheney, and furthermore he plays a much more important role in setting any "agenda" at Brown & Root - a subsidiary of Halliburton. Even though the book even if falsely promoted it is still an interesting read about two old US companies and their eventual merger; but at just 237 pages long in medium font is not a 5 star effort, just 3.5 stars, maybe only 3 stars at best.

The first company described is the oil well services company Halliburton started in approximately 1920 by Erle Halliburton in Oklahoma. Erle Halliburton died in 1957 leaving a successful and financially strong and independent business enterprise as his legacy. The second company is Brown & Root (B & R) that developed from being a Texas road construction company that was started around 1917 to become a major defense contractor. The business grew through political connections and after many decades B & R had become the largest engineering and construction company in the USA, boosted by the Vietnam war effort, and fed by a series of domestic and foreign construction and defense contracts stretching around the globe.

The book tells (very briefly) how these companies developed, merged in 1962 with R & B being bought by Halliburton, and how they became a major defense contractor. It also contains many side stories such as the influence of the rising political star LBJ in Texas, dam construction, back room operators such as A.J.Wirtz, political intrigue, the milking of Roosevelt's New Deal money, navy boat building, the fall of Leland Olds who was a bureaucrat blocking their expansion, the Johnson Space Center contract, Vietnam contracts, the LOGCAP contract, the Dresser merger, Henry Waxman's congressional charges against Halliburton and the sole sourcing, etc. Cheney appears near the end of the book and I did learn that Cheney flunked out of Yale and was arrested twice for DWI in his youth. There are a number of insights and comments on the current contracts to Halliburton. But since Halliburton had the LOGCAP contract before Cheney, it seems to me that Cheney played no more a dramatic role - I suspect - than any other good CEO or "rainmaker" might have played at Halliburton to boost its revenues.

As a book I would say it rates just 3 or 4 stars since as the author acknowledges that he uses and number of existing books such as "Erle P. Halliburton: Genius with Cement" and other publications, and most of the book is about the older history - as I said Cheney does not even appear until page 191 out of 237. So even when he appears the information is scant. Having said that it is clear the author has done extensive research, he has a nice reference section for further reading, he brings the story together, but overall it seems like a short collection of historical facts and tidbits. As it stands, it is more of a "gateway" book or introduction and it would have been a 5 star book if it was about 400-500 pages long and was more complete. But some of the references and 40 pages of notes at the back are worth a follow up read.

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4.0 out of 5 stars A corporate history powered by political fuel, 8 May 2006
By Rolf Dobelli "getAbstract.com" (Switzerland) - See all my reviews
(TOP 50 REVIEWER)    (REAL NAME)   
Author Dan Briody has written a book that goes beyond pundit finger-pointing over the controversial "no-bid" contracts relationship between Halliburton and Vice President Dick Cheney. This is a serious examination of the high-octane blend of profit and politics that fuels the Bush administration's agenda. Briody begins with an extensive history of two Texas companies, Halliburton and Brown & Root (now KBR). He deftly portrays how they made their fortunes despite Great Depression hardships, World War II and political intrigues aplenty. Briody pulls no punches while maintaining a reportorial (if not totally objective) tone, although people who hold different political views might argue with his opinions and conclusions. We recommend this saga to anyone looking for a deeper understanding of the ongoing tryst between corporate America and its politicians. While this book is not presented as a smoking gun, it portrays insider politics that smolder like an oil fire you can't quite extinguish, leaving sort of an ugly haze.
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