Sarah Palin nails this one! Go Sarah!!!
http://www.bloomberg.com/apps/news?pid=20601086&sid=aogq9sBiBhYo
Petrobras May Borrow $5 Billion From U.S. Ex-Im Bank (Update2)
By Helder Marinho and Joshua Goodman
July 30 (Bloomberg) — Petroleo Brasileiro SA said it may more than double its borrowings from the U.S. Export-Import Bank to as much as $5 billion, following a $10 billion loan from China.
Petrobras, as the state-controlled oil company is known, may increase the loans from $2 billion now, Chief Financial Officer Almir Barbassa said today at a press conference in Rio de Janeiro. The initial loan made in April was an “opening amount,” Fred Hochberg, president of the U.S. bank, said earlier today in an interview in Rio.
“The Export-Import Bank met yesterday with Petrobras, and it offered more resources to the company,” Brazilian Energy Minister Edison Lobao said at the press conference.
Investment in Brazil’s oil industry is expected to surge to more than $200 billion over the next five years, buoyed by spending on the Americas’ largest oil find since 1976. Petrobras in February secured $10 billion in financing from the China Development Bank Corp.
[more at link]
Sarah has the guts now to take on the radical environmental movement. It’s time somebody did.
“We can’t spare this woman. She fights.”
There was one intelligent and capable person in the last presidential race and it was this woman.
Gotta love Sarah...She is coming out swinging...For someone whose future is suppose to be over, she is making a lot of noise. She is doing exactly what she needs to be doing.
Thanks for posting, btw. I’m not on Facebook.
But with Sarah there, I might have to end my technological embargo. :)