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No Deep water Drilling here, but Brazil using US Taxpayer money!!!!!

jujuman13

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No doubt you know that on August 15, 2008 billionaire George Soros (also a far left supporter and huge campaign contributor to Obama) bought $811 million in Petorleo Brasileiro SA (Petrobras), a Brazilian oil drilling company. That made
Petrobras George Soros second largest investment holding. WOW!

Two months later, your President Obama made a loan guarantee to Petrobras in the amount of $2 BILLION of your tax dollars (notwithstanding the U.S. is broke),

to fund deep water drilling for oil off the Brazilian coast.
Now Petrobras has annual profits of $15 billion a year, so you can imagine how they must have desperately needed a $2 billion loan guarantee from you.

Then, wonder of wonders comes the BP oil rig rupture and continuing spill in the Gulf of Mexico. Not much effective action by President Obama in cleaning up this mess, including turning down offers to help from several foreign countries who have skimmers ready to sail here and help clean up the oil before it reaches shore.

Then President Obama bans drilling at depths greater than 500 ft. below the earths or oceans bottom surface. Too dangerous, RIGHT.

However, while the BP well was at a depth of 11,000 ft. below the ocean floor,

Petrobras plans to drill to depths of 14,000 ft. below the ocean floor. Funny, no problem there, but for us, too dangerous.

Oh! yes. The drilling ban has freed up about 35 drilling rigs that are already being bid on to move to Brazil for Petrobras drilling. In the meantime, our economy is further crippled while George Soros stands to "earn" $TRILLIONS from our reduced drilling and Brazils increased drilling. SEE ANY CONNECTION HERE????

Oh my rich friends, you are so generous!!!!!





*After the drilling rigs are moved, It takes many many months to get the drilling rigs back to the gulf. Meanwhile all of Louisiana suffers/loses jobs and cannot support their families!
 

Lord Tammerlain

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I just love people who dont understand the difference between a loan and a grant/gift

America will make money on this deal, US taxpayers will earn a positive rate of return on the LOAN to Petrobras
 

obvious Child

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I just love people who dont understand the difference between a loan and a grant/gift

America will make money on this deal, US taxpayers will earn a positive rate of return on the LOAN to Petrobras
Do you know what the average rates the Export-Import Bank charges and what its average ROI is?
 

jujuman13

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I just love people who dont understand the difference between a loan and a grant/gift

America will make money on this deal, US taxpayers will earn a positive rate of return on the LOAN to Petrobras
America will make diddly squat on this deal.
Soros will make Billions.
 

obvious Child

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No I dont, I would like to as well
Hmm. Not exactly easy to find. I suspect it would be a less then market though. Or they'd simply go somewhere else.

It is rather amusing how we are getting them to do the research into deep sea drilling and effectively paying us to do it.
 

winston53660

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No doubt you know that on August 15, 2008 billionaire George Soros (also a far left supporter and huge campaign contributor to Obama) bought $811 million in Petorleo Brasileiro SA (Petrobras), a Brazilian oil drilling company. That made
Petrobras George Soros second largest investment holding. WOW!

Two months later, your President Obama made a loan guarantee to Petrobras in the amount of $2 BILLION of your tax dollars (notwithstanding the U.S. is broke),

to fund deep water drilling for oil off the Brazilian coast.
Now Petrobras has annual profits of $15 billion a year, so you can imagine how they must have desperately needed a $2 billion loan guarantee from you.

Then, wonder of wonders comes the BP oil rig rupture and continuing spill in the Gulf of Mexico. Not much effective action by President Obama in cleaning up this mess, including turning down offers to help from several foreign countries who have skimmers ready to sail here and help clean up the oil before it reaches shore.

Then President Obama bans drilling at depths greater than 500 ft. below the earths or oceans bottom surface. Too dangerous, RIGHT.

However, while the BP well was at a depth of 11,000 ft. below the ocean floor,

Petrobras plans to drill to depths of 14,000 ft. below the ocean floor. Funny, no problem there, but for us, too dangerous.

Oh! yes. The drilling ban has freed up about 35 drilling rigs that are already being bid on to move to Brazil for Petrobras drilling. In the meantime, our economy is further crippled while George Soros stands to "earn" $TRILLIONS from our reduced drilling and Brazils increased drilling. SEE ANY CONNECTION HERE????

Oh my rich friends, you are so generous!!!!!





*After the drilling rigs are moved, It takes many many months to get the drilling rigs back to the gulf. Meanwhile all of Louisiana suffers/loses jobs and cannot support their families!

Do you have a link to this?
 
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