Posted on 06/15/2010 6:34:55 PM PDT by combat_boots
Barack Obamas oil drilling moratorium will cost tens of thousands of American jobs. But, not everyone will suffer. Oil companies are planning on moving their rigs from the Gulf of Mexico to South America off the coast of Brazil where the government is more friendly to energy corporations. Reuters reported, via Free Republic:
Brazil could benefit from the BP Gulf of Mexico spill as a U.S. moratorium on offshore drilling boosts available rigs for the countrys deep water oil exploration program.
Even as an ecological catastrophe makes the future of U.S. offshore drilling less certain, Brazil is plowing ahead with a $220 billion five-year plan to tap oil fields even deeper than BPs (BP.L) ill-fated Gulf well, which is still leaking crude.
With an estimated 35 rigs idled in the Gulf of Mexico, Brazil is already receiving inquiries from companies looking to move their rigs here, where vast discoveries in recent years may soon turn the country into a major crude exporter.
What is bad for some may be good for others, said Fernando Martins, Latin America Vice President for GE Oil and Gas, which provides services to drillers in Brazil.
Since operators are shutting down at least temporarily in the U.S. Gulf, some companies are planning to move their rigs to Brazil now, he said, without offering details.
By the way The Obama Administration fudged their report to push for the oil drilling ban.
Barack Obama urged the Democratic Congress to pass his new tax on oil companies yesterday.
UPDATE: At least Barack Obamas buddy George Soros will make some money off the deal. Hat Tip Larwyn
“Obama Calls For Rolling Back Oil Company Tax Breaks To Net Billions For Alternative Energy”
First Posted: 06- 2-10 12:58 PM |
Updated: 06- 2-10 12:58 PM
http://www.huffingtonpost.com/2010/06/02/obama-oil-tax-breaks-billions_n_597794.html
“OFF-SHORE OIL-DRILLING, OBAMA, SOROS, PETROBRAS: CONNECTING THE DOTS”
http://astuteblogger.blogspot.com/2010/06/off-shore-oil-drilling-obama-soros.html
“Oh My!
Team Obama Fudged Report to Push Their Oil Drilling Moratorium”
Posted by Jim Hoft on Friday, June 11, 2010, 10:01 AM
We’ll Ease Suffering By Raising Energy Bills [Iain Murray]
That, in a nutshell, was the point of the speech. For all the talk about an independent third party adjudicating compensation claims (we have one of those, it’s called the Court) and regulating companies (by making them even more dependent on government for favors), the oil spill is simply an excuse to kick-start a stalled policy. He admitted that no one knows how to replace oil, but his chosen policy vehicle is more expensive energy. That’s really going to help the victims of the second man-made disaster, the people put out of work by his drilling ban. This is the day that President Obama opened his second front in his war on the middle class. He’d already succeeded in his plan to raise their health-care costs. Now he’s going to raise their energy costs, which will be far more dangerous, because energy costs affect everything else food costs, household goods costs and, yes, health care costs too. This amounts to a sacrifice to angry gods, as Bob Nelson pointed out last week. It’s the people who are going to get really angry, though.
But here’s the real kicker. Tomorrow he’s going to meet with the people who stand to benefit most from raised energy prices BP, whose policy goal this idea has been for years. You couldn’t make it up.
06/15 09:00 PM Share
I don’t doubt that.
The Lord of Heaven will have a surprise for those moon demon worshiping Arabs.
How convenient. Did you stumble across any connections between the new czar’s law firm and Petrobas?
Soros reports 73.5% increase in Petrobras stake
Feb. 17, 2009
Billionaire investor George Soros on Tuesday [2009] reported that during the fourth quarter he increased his already considerable stakes in Brazilian state-controlled oil company Petroleo Brasileiro S.A.
Soros, through his Soros Fund Management LLC, reported holding 36.8 million American depositary receipts of the Brazilian oil company known as Petrobras as of Dec. 31 - a holding valued at about $900 million at the time. Soros held 21.2 million ADRs at Sept. 30, according to his disclosure filed with the Securities and Exchange Commission.
http://www.marketwatch.com/story/sor...etrobras-stake
Couple this with the fact that the George Soros controlled organization [b]Center for American Progress]/b] is calling the shots in the Obama administration on the BP oil spill in the Gulf.
http://blogs.wsj.com/washwire/2010/0...ington+Wire%29
George Soros Sees Silver Lining in BP Spill
2010 June 13
by Liz Blaine.By: Joy Tiz
Reuters is reporting that Brazil stands to benefit from the BP oil spill disaster as the US moratorium makes more rigs available for other countries.
Its estimated that thirty five rigs are now sitting idle in the Gulf of Mexico. Brazil is already getting inquiries from companies wanting to move their rigs there. Brazils state oil company, Petrobras already produces about a fourth of the worlds deep water oil. The shortage of rigs could help Brazil become a major oil exporter.
What an amazing stroke of good fortune for Obamas boss, unrepentant Nazi collaborator, George Soros! Soros is also invested in offshore oil drilling in Brazil, assisted by the American taxpayers.
Read the full article at JoyTiz.com
LMAO!!!
by design??
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.
The U.S. Export-Import Bank tells us it has issued a “preliminary commitment” letter to Petrobras in the amount of $2 billion and has discussed with Brazil the possibility of increasing that amount. Ex-Im Bank says it has not decided whether the money will come in the form of a direct loan or loan guarantees. Either way, 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.
http://online.wsj.com/article/SB10001424052970203863204574346610120524166.html
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.
As of June 30, the stake in Petrobras, as the Rio de Janeiro-based oil producer is known, made up 22 percent of the $3.68 billion of stocks and American depositary receipts held by Soros Fund Management LLC, according to a filing with the U.S. Securities and Exchange Commission. Petrobras has since slumped 28 percent.
http://www.bloomberg.com/apps/news?pid=20601086&sid=aFHPjfeUvtl8
No. But the firm has 14 lawyers connected to ‘sustainability’ and ‘energy.’ The new ‘czar’ retread from Clinton’s administration was all about escoriating the FBI’s data systems, using Waco & Ruby Ridge.
It’s in there. I’m looking for an ICX/CCX/Woods/Joyce Fndtn connection, though.
The firm itself isn’t far from K St/Apollo Alliance. Hmmmmm Fried Frank & The Ctr for Am Progress are about 7 blocks away from each other, on the East Side of the WH.
Soros thanks the stupid AmeriKans!
Soooo. Has anyone been able to spot the America hating Marxist in the room?
During Washington’s time this freakin’ traitor would have been HUNG.
Kiss your country buh-by!
What I saw here in the midwest was that $4 gas triggered the first wave of foreclosures. People still had to go to work; people overextended on mortgages were the first wave of victims.
The resultant job losses created more force behind the wave.
Energy prices will kill us quicker than taxes or health care, IMO.
Doesn’t matter where the drilling for oil is done....the price of oil will go down as more producing wells come on line. Whether the oil comes from the GOM, or off Brazil, more oil production means price goes down.
OMG! Looking down from Canada it looks like the White House is attacking the whole USA and the Free World too.
If you wrote this stuff a year ago no one would have believed it. Fiction has to make sense and there is nothing normal about this talking head President or his administration.
Didn’t Soros invest in PetroBras?
Exactimundo. Soros is hoping to have a stock offering in July for Petrobras. Lots of glory for the Soros cabal there, of which Mowgli is a part.
The hustler in chief found another way to make a buck at our nation’s expense.
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