Posted on 06/14/2010 7:58:57 AM PDT by jazminerose
Analysts say oil companies operating in the Gulf of Mexico—most notably BP and Chevron (CVX.N)—may have to decide between paying standby fees while the rigs are idle, moving them to other projects, or canceling the contracts.
The U.S. moratorium may last longer than six months because of U.S. sentiment against offshore drilling and plans for an overhaul of safety standards.
The shortage of rigs could help Brazil become a major oil exporter.
What an amazing stroke of good fortune for Obama’s boss, unrepentant Nazi collaborator, George Soros!
Soros is also invested in offshore oil drilling in Brazil, assisted by the American taxpayers.
Newsmax:
The Wall Street Journal reports: ‘The United States, through the U.S. Export-Import Bank, has issued a ‘preliminary commitment’ of $2 billion and more if needed’ to Petroleo Brasileiro SA, a Brazilian government-owned oil exploration and development corporation known as ‘Petrobras.’
Soros Fund Management, LLC holds a stake in Petrobras of approximately $900 million as of December 31, 2009.
George Soros’ principal investments are in oil; one in particular is Petrobras, the Brazilian-owned company. This happens to be the largest investment in the Soros portfolio at the present time.
(Excerpt) Read more at canadafreepress.com ...
brazil becoming a major oil exporter? WTF?! I thought Brazil gotten off oil and are energy independant.
I guess they got energy indepedant by allow more oil drilling
If you read the entire article, you will see that Soros is also investing in ethanol in Brazil & Argentina.
There is no “US sentiment against offshore drilling”.
Libtards believe there is. Facts are not Reuter’s strong suit.
The shortage of rigs could help Brazil become a major oil exporter.
When are our Republican leaders going to mention Soros/Brazilian oil?
Or are they being blanked out by the media?
Not me. Drill, baby, drill! (Just don't make them go out so far into such deep water. Then we likely will not have this kind of problem again.)
Barry, you idiot. They said “gulf coast” not “golf course”.
Why are there so many pictures where our “First black president” looks about as white as our other “First black president”, Bill Clinton? It is really strange, in official press photographs he appears brown skinned but in candid shots he looks white. I am a Nordic type with very pale skin but if I get any sun at all I look about the same as he does in this photo.
It’s time to arrest this freak, Soros.
That would be a great day for humanity, but it isn’t going to happen under Obama and Eric Holder. The only way it would is if Soros gets into such a wild scandal that Barry had to throw him under his crowded Bus.
Never say never.
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