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I was just reading this, from the end of Q 117:

What is the single biggest event that can generate many nation states to payout billions?
Who audits where the money goes?
$15,000 for a toothbrush?
Reconcile.
Why did we attack Iraq?
Halliburton.
Who are they?
What do they specialize in?
What is oil field service?
Why is this relevant?
What ‘senior’ level political officials are affiliated w/ Halliburton?
What is the primary goal?
What is the primary mode of influence that drives corruption?
What does money buy?
How is this connected to SA?
How is this connected to Alwaleed?
How is this connected to LV?
Q

I heard an interesting story about Halliburton recently. There was a small company called Oxane Materials that had developed a new frack sand, made of nano-sized ceramic spheres. (When rock is fractured during fracking, frack sand is what holds the pieces of rock apart so that oil and gas can flow freely.) This new frack sand substantially increased the production lifetime of wells where it was used.

When oil prices were higher, the company was worth hundreds of millions of dollars. When oil prices declined, due to the success of fracking, the company ran into financial trouble and bankruptcy.

Halliburton purchased the company's IP -- for $2.5M-- and proceeded to bury it. Even though the technology has a huge potential value, to its customers and the country, Halliburton decided to keep it under wraps. They make money from oil well services, so, the more drilling and the more wells, the better for Halliburton. It's not in their financial interest to keep wells producing longer.

You'd think they could find a financial model where they would share in the increased production, but apparently not.

Sigh.