According to a Newsday article on October 15, 2003, Congressmen Henry Waxman (D-CA) and John Dingell (D-MI) discovered that “Halliburton was charging U.S. taxpayers exorbitant prices to import gasoline into Iraq. …Waxman and Dingell informed the Bush administration that KBR [Kellogg Brown & Root, a Halliburton subsidiary] was billing the U.S. army between $1.62 and $1.70 a gallon, while Iraqis were charged between four and fifteen cents at the pump. ‘Although Iraq is the second largest oil reserve in the world, the U.S. taxpayer is, in effect, subsidizing over 90 percent of the cost of gasoline sold in Iraq,’ the lawmakers said.”
– Peter Lance, Cover Up, Page 253