-——Have you ever tried to sell in Korea?-——
well yes. I had several Korean contractors and companies as customers on projects out of both countries.
We did build the rigs here for many years but can’t now because of being uncompetitive. However, many of the components incorporated are of American origin shipped to Korea for inclusion.
We should be drilling in the Gulf and elsewhere off our coasts but are prohibited. I think that the president is releasing the permits on a slow imperceptible rate because to do so quicker would be political death. The wacko’s must be placated
I would rather see the “loans” to US contractors be used to develop a US market where they can work/sell (we used to have one, called the Gulf of Mexico) than a market in Brazil where in the end, we send them dollars for their oil just like Saudi, etc. Keep the dollars here first. If you have them to loan, invest them at home.