KBR Profiteering Exposed Again

The oilfields were not set ablaze. Nevertheless, KBR was allowed to retool its $7bn no-bid contract, to provide gasoline and other logistical support to the occupation forces. The contract was so-called "cost-plus", which means KBR was not on the hook to provide services at a set price. Rather, it could charge its cost, plus a fixed percentage as profit. The more KBR charged, the more profit it made. Story here.