Posted on 03/23/2011 9:59:17 AM PDT by Lucky9teen
WASHINGTON, March 18 (UPI) -- Washington has given Petrobras America Inc. permission to start oil and gas production in the Gulf of Mexico, a regulator said.
The Bureau of Ocean Energy Management, Regulation and Enforcement gave Petrobras approval to use a floating production storage offloading facility at its Cascade-Chinook project in the Gulf of Mexico.
The approval marks the first time FPSO technology will be used in U.S. waters of the Gulf of Mexico.
The oil and gas project is about 165 miles off the coast of Louisiana in 8,200 feet of water. The FPSO has a production capacity of 80,000 barrels of oil and 16 million cubic feet of natural gas per day.
The BOEMRE approved the production safety system permit and a supplemental deep-water operating plan from Petrobras. The regulatory agency said it was satisfied that operations would be safe from hurricanes and other natural disasters.
"These regulatory approvals pave the way for safe, new production of oil and gas resources in the Gulf of Mexico," BOEMRE Director Michael R. Bromwich said in a statement.
Noble Energy in early March was awarded a BOEMRE permit to drill in the Mississippi Canyon block about 70 miles south of the Louisiana coast.
The permit was for what the BOEMRE described as a bypass well meant to drill around a mechanical problem in the original hole.
Deep-water exploration is under scrutiny following the April oil spill in the Gulf of Mexico. The U.S. government lifted a moratorium on deep-water drilling in October, six months after the Deepwater Horizon oil rig caught fire and sank in the Gulf of Mexico.
(Excerpt) Read more at upi.com ...
If only they had the will.
Democrats would use the exact same material to keep republicans out of office for 50 years, maybe more.
Depends on if the GOP is smart/ethical enough to do it. We get another string of Bob Dole types and even this won’t save them.
MAJOR FOREIGN HOLDERS OF TREASURY SECURITIES
http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/mfh.txt
Yes, but with all foreign workers.. like Chinese.
Palin might say something, but she would be called a simpleton and air-head by [insert your pundit here].
Heck, it just might give a US company that ever-elusive "standing" to question The Won's bona fides to even be president.
Naaahhh...
See for yourself:
http://www.businessweek.com/news/2010-08-17/soros-sells-petrobras-dumps-biggest-company-holding.html
He sold all of his stake in the second quarter of 2010. Can we give this urban legend a rest now?
There’s plenty of real crap he does without inventing more.
In fact Palin talked about Crony capitalism and the O administration - she did pointed out in one of her facebook about the ties of Obama and BP which the media tried to hide
My goodness....when will be the right time to IMPEACH this traitor??
Do we have to wait until he turns his guns upon the American people? Where is our leadership???
sounds like a 14th Amendment case needs to be filed by our domestic oil companies
Didn’t take long to get THAT permit.
Just so no one thinks this just accidently happen but was in the works for a while. This from 2 1/2 years ago:
Market Watch Feb. 17, 2009 - “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.”
http://www.marketwatch.com/story/soros-reports-735-increase-petrobras-stake
Why is this Petrobras production different than Shell or BP production?
And the unions are mum on Obama’s actions.
But borrowing is.
Do we have to wait until he turns his guns upon the American people? Where is our leadership?
I'll bet that over half the American public is echoing that same question this week. Unfortunately, if Obama is to be removed from office for his many crimes against this country, it'll have to be done by the American people. Congress certainly isn't going to do it, and neither is the Supreme Court.
I honestly don't know what it's going to take for the American people to exert sufficient pressure to make Obozo leave. Even with all he's done to damage this country beyond all recognition, there's no massive movement to call for his resignation or impeachment.
My guess is that, most people have concluded that all they can do is to vote him out next year.
So how much is borrowed from us versus the what we owe others?
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