Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: IbJensen

I just tried searching Obama giving Brazil money to drill for oil and I found an article in the AJC blaming bad republicans and mean bad oil companies for the high price of gas. It is insane.


4 posted on 04/28/2011 4:54:33 AM PDT by Dubya-M-DeesWent2SyriaStupid! (If Obama announced his resignation that would probably bring gas to $2.30 within an hour.)
[ Post Reply | Private Reply | To 3 | View Replies ]


To: Dubya-M-DeesWent2SyriaStupid!

Had you done a good job of researching, you would have learned that no money was given to Brazil for drilling for oil.

What happened was the bank loans to American firms acting as subcontractors on the projects were insured by the Export/Import bank against a host of problems, mostly political.

The process is ordinary and necessary to promote export sales. They regularly support projects of Boeing and GE and other mega exporters.

To actually be successful, research Export Import Bank and Overseas Private Investment Corporation


10 posted on 04/28/2011 5:45:19 AM PDT by bert (K.E. N.P. N.C. D.E. +12 ....( History is a process, not an event ))
[ Post Reply | Private Reply | To 4 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson