Just read between the lines...

Red Text is the real story hiding between the lines.
Violet Text is a notable quote from a specific blogger.
Blue Text is my own personal commentary.
Gold Text is a link to the original sources.

One word of advice I would offer to everyone who reads this blog;

....Each and every day, take just a moment of your precious time to pray for Peace and Justice.

Monday, April 21, 2008

As our nation struggles with recession or worse, Halliburton profit lifted by international growth

By Anna Driver
HOUSTON (Reuters) -
Halliburton Co (HAL.N: Profile, Research) said on Monday that first-quarter profit rose 6 percent, meeting Wall Street expectations, as customers in markets including the Middle East and Asia spent more on oil and gas exploration and production.

Halliburton and rivals including Schlumberger Ltd (SLB.N: Profile, Research) and Weatherford International Ltd (WFT.N: Profile, Research) have seen faster growth in overseas markets, while North America has slowed.

Record crude oil prices and a two-year high in natural gas futures prices have prompted exploration companies to increase spending, leading to a more optimistic outlook--even in North America--for the oilfield services companies.

"The fundamentals of the world oil and gas market are projecting that the next leg up (sounds like something a dog would do to a fire hydrant) in this extended cycle is near," Dave Lesar, Halliburton's chief executive, said in a statement.
Lesar also said North America "...is much stronger than may have been anticipated just a few months ago." (so much for the environment...)

Halliburton, which opened a headquarters in Dubai last year (ALONG WITH WORLD-COURT-IMMUNE-RETIREMENT PROPERTY FOR THEIR BUSH ERA NEOCON CO-CONSPIRATORS) in a bid to win more international business, said first-quarter profit increased to $584 million, or 64 cents per share, from $552 million, or 54 cents per share, a year earlier.

Analysts on average had expected a profit of 64 cents, according Reuters Estimates.

Revenue rose 18 percent to $4 billion. (Can we find out what percentage of that was in no-bid contracts?)
thanks and a HT to Satyam at ThinkProgress for this link