Obama Underwrites Offshore Drilling
Too bad it's not in U.S. waters.
You read that headline correctly. Unfortunately, the Obama Administration is financing oil exploration off Brazil.
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. Brazil's planning minister confirmed that White House National Security Adviser James Jones met this month with Brazilian officials to talk about the loan.
Aug. 15 (Bloomberg) -- Billionaire investor George Soros bought an $811 million stake in Petroleo Brasileiro SA in the second quarter, making the Brazilian state-controlled oil company his investment fund's largest holding.
Asked by Anonymous at 11:55 AM on Jun. 15, 2010 in Politics & Current Events
RIO DE JANEIRO, June 11 (Reuters) - Brazil could benefit
from the BP Gulf of Mexico spill as a U.S. moratorium on
offshore drilling boosts available rigs for the country's deep
water oil exploration program.
Answer by Anonymous at 11:55 AM on Jun. 15, 2010
Answer by Anonymous at 12:01 PM on Jun. 15, 2010
ANOTHER example of how Obama is just a puppet for the REAL people pulling his strings and those responsible for his rapid ascension to the White House! George Soros...he picks and "plays" with a country's finances for sport, and he's essentially the owner of the Democratic Party! How does it feel to be OWNED...sheeple?!
Answer by LoriKeet at 12:01 PM on Jun. 15, 2010
Answer by Anonymous at 12:08 PM on Jun. 15, 2010
Answer by Anonymous at 12:16 PM on Jun. 15, 2010
Answer by itsmesteph11 at 3:31 PM on Jun. 15, 2010
Answer by janet116 at 12:52 AM on Jun. 16, 2010
Check out some of the top posts today in Groups: