Obama Invests in Offshore Drilling...


	Obama Invests in Offshore Drilling...

brazilnut72

8-20-2009 7:11 AM

145 views

tags:

brazil, obama, oil

brazilnut72 says:

...in Brazil!

I am scratching my head with this. From anything I can determine, the US is strapped for cash. Yet here is a huge load to Brazil to drill in the Tupi oil fields.

Also...I can tell you from here in Brazil, Petrobras is doing just fine. Why is the US investing in a competitor to US oil companies.

One more thing: where is the principled opposition to offshore drilling? Apparently it is OK to drill off Brazil's beautiful beaches, but not in the Gulf of Mexico.

Final note: Interesting Soros connection at the bottom of the article. Seriously, why is nobody investigating this guy?

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/977c25ba-e001-4a35-a29c-e3da143bb612/A2B13912-5583-4E74-9AA0-72650283A88A/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://hotair.com/archives/2009/08/18/good-news-obama-backs-off-shore-drilling/" href="http://hotair.com/archives/2009/08/18/good-news-obama-backs-off-shore-drilling/" style="font-size: 11px;">hotair.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://hotair.com/archives/2009/08/18/good-news-obama-backs-off-shore-drilling/">The U.S. is going to lend billions of dollars to Brazil’s state-owned oil company, Petrobras, to finance exploration of the huge offshore discovery in Brazil’s Tupi oil field in the Santos Basin near Rio de Janeiro.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://hotair.com/archives/2009/08/18/good-news-obama-backs-off-shore-drilling/">this corporate foreign aid may strike some readers as odd, given that the U.S. Treasury seems desperate for cash and Petrobras is one of the largest corporations in the Americas. …</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://hotair.com/archives/2009/08/18/good-news-obama-backs-off-shore-drilling/">But it still doesn’t allow the U.S. to explore in Alaska or along the East and West Coasts, which could be our equivalent of the Tupi oil fields, which are set to make Brazil a leading oil exporter. Americans are right to wonder why Mr. Obama is underwriting in Brazil what he won’t allow at home.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/A2B13912-5583-4E74-9AA0-72650283A88A/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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