ET
03-29-2007, 01:32 PM
As you all know, Halliburton is moving it's corporate headquarters to Dubai from Houston, Texas to avoid taxes. SOURCE: http://www.cbsnews.com/stories/2007/03/12/business/main2558620.shtml
As a citizen of one of the Gulf states I have many relatives in the offshore oil industry. There are tons of reports of people flat out refusing to deal with Halliburton because of this move. Even one of the smaller "Mom and Pop" independent tool distribution warehouses have seen a steep rise in business ever since the announcement. They're avoiding what was a predicted close of their shop in three months due to a lack of customers.
I had thought this was an isolated incident but people seem to be speaking with their money on this one. (y)
As a citizen of one of the Gulf states I have many relatives in the offshore oil industry. There are tons of reports of people flat out refusing to deal with Halliburton because of this move. Even one of the smaller "Mom and Pop" independent tool distribution warehouses have seen a steep rise in business ever since the announcement. They're avoiding what was a predicted close of their shop in three months due to a lack of customers.
I had thought this was an isolated incident but people seem to be speaking with their money on this one. (y)