Deja Vu as Beck Ponders Soros’ Petrobras Buy

forbes ^ | May. 20 2011 - 5:28 pm | Kenneth Rapoza BRIC Breaker

[Rabin]

"Obama had nothing to do with the loan…. The President role is to appoint board members… Maybe those board members were Soros’ friends. But that’s probably beside the point… (Nothing here folks, move along, move on, moving forward as it were)

[Rabin]

Forbs slams WSJ & GWB, erupts in old line propaganda time shift and objective swap techniques to cover Obama / Sorros spin up on Petrobra . GWB, 8.3 million acres in the GOM http://www.boemre.gov/ooc/press/2008/FactSheet-MMSGOMSecurityActMARCH202008.htm, WSJ, NSAd James Jones / Brazili talks about the $2 billion and …. increasing that amount. Then, 0 went to Brazil recently to say he wants Brazilian oil (greener and not mid east) http://online.wsj.com/article/SB10001424052970203863204574346610120524166.htmlt

Rab thinks Steve is a pretty sharp fella who may need to do some house cleaning.

[Wingy]

This guy goes on and on about the exim bank loan that Petrobras is about to secure, but not a single mention of the Deepwater Gulf leases that the Obama administration granted to Petrobras. Oh! And then assuring the Brazilians that the US would like to become a valuable customer. If I had a few billion laying around, I might take a flyer at Petrobras myself. I might have even urged Obama to make those moves in order to increase the value of those shares.

Nothing wrong with that...is there?

[Ben Ficklin]

"but not a single mention of the Deepwater Gulf leases that the Obama administration granted to Petrobras"

First off, the prez doesn't grant leases. Boemre(MMS) has auctions in which leases go to the high bidders.

Second, that activity with Petrobras had nothing to do with new leases being awarded or drilling new wells. That was about producing oil from wells that had already been drilled prior to the blow out.

[Ben Ficklin]

"GWB, 8.3 million acres in the GOM"

Bush's lease sale for Area 181 in Dec 2001 was far, far, far less than 8.3 million acres.

Whatever it was, it was irrelevant because Congress revoked those leases within 2 days.

What is relevant it that republican controlled Congress, with the help of some western states dems, passed the GOM Energy Security Act of 2006 in Dec 2006 as one of their last acts after losing both the House and the Senate in the Nov election. The House republicans and the Senate republicans fought over that legislation thru-out 2006, until they lost congress.

Also relevant and significant is that, as your URL points out, TX, LA, MS, and AL were given revenue sharing.

So now, the mid-atlantic states may consent to drilling off their coast, but only if they also are given revenue sharing.