Posted on 06/15/2010 6:34:55 PM PDT by combat_boots
Barack Obama’s 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 country’s 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 BP’s (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 Obama’s buddy George Soros will make some money off the deal. Hat Tip Larwyn
The list, ping
This dumb SOB needs to be removed from office.......soon.
Reuters reported, via Free Republic
I Love that.
Reuters reported, via Free Republic
We’re a legitimate news source.
Say, “HELLO” to $10/gal and more for gas.
Yeah, that will turn the economy positive! A$$hole.
Finally (for Obama), the only important goal attained...
ooooooh-RAH!!!!!
My wife’s nephew is one of those workers to be going with the rigs. They have already been told one month on and one month off.
IMPEACH!!
All the dots are connected!
All together now...
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Put a tin-foil hat on me, but methinks something is rotten in Denmark, insofar as this "crisis" is concerned.
The guy is either a total and absolute idiot or he’s intentially destroying the economy. Either way we’re screwed.
I think he should step down. What do you think?
This dumb SOB needs to be removed from office.......soon.
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What do we expect from someone who was educated in Marxism but doesn’t have a clue about how a capitalist economy works?
You mean ACTIONS DO HAVE CONSEQUENSES???
Put a tin-foil hat on me, but methinks something is rotten in
Denmark, insofar as this “crisis” is concerned.
Hope you have some extra tinfoil because I agree completely.
Okay, I hate to tip my hand, but I’m leaning in that direction. LOL
Frankly, I think we should be calling the White House switchboard and expressing the opinion he needs to step down so someone else can handle this situation.
He obviously hasn’t got the tools.
This kind of thing can snowball. And if nothing else, it will drive his numbers into the dirt.
He may not know it, but he’s in serious trouble.
All part of the plan. Kill this country. Then when we’re so weak we can’t even defend ourselves the Arabs will go after Israel and we won’t be able to help. Even if the republicans take over it’ll be too late. That’s his way of “showing how to deal with Israel.”
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