U.S> Financing Oil Exploration in Brazil

[Gator]

The U.S. is going to lend billions of dollars to Brazil's state-owned oil company, Petrobras, to finance exploration of the huge offshore discovery in Brazil's Tupi oil field in the Santos Basin near Rio de Janeiro. Brazil's planning minister confirmed that White House National Security Adviser James Jones met this month with Brazilian officials to talk about the loan.

http://online.wsj.com/article/SB10001424052970203863204574346610120524166.html

What a load of BS!!!!!!! How can they/him/whomever is responsible for this get away with it? We can't explore here, which would put people to work, yet we can send a couple billion to Brazil? Makes me wanna PUKE

[johnf]

I hope we're charging them more intrest than China is charging us. :hammer1:

[Texan_Til_I_Die]

We hope that this will lead to a change in the world's oil supply.

I think

Maybe

I guess

Whatever...

[stevebeilgard]

I hope we're charging them more intrest than China is charging us. :hammer1:

this is an obama gift, not a loan. but we will borrow that gift money from china. what a world.

[AceArcher]

This makes good sense...oil exploration in somewhere other than the middle east or Russia lessens our dependencies on those suppliers. By making the loan the U.S. or U.S. banks will have some right in the event of a bankruptcy for the assets or get paid back. The U.S. then gets to keep our oil reserves untapped...which may become a very strategic asset in our children's or grandchildren's lives. Not everthing is always so negative.

Edited August 27, 2009 by AceArcher

[AceArcher]

This makes good sense...oil exploration in somewhere other than the middle east or Russia lessens our dependencies on those suppliers. By making the U.S. or U.S. banks will have some right in the event of a bankruptcy for the assets or get paid back. The U.S. then gets to keep our oil reserves untapped...which may become a very strategic asset in our children's or grandchildren's lives.

[Gator]

This makes good sense...oil exploration in somewhere other than the middle east or Russia lessens our dependencies on those suppliers. By making the loan the U.S. or U.S. banks will have some right in the event of a bankruptcy for the assets or get paid back. The U.S. then gets to keep our oil reserves untapped...which may become a very strategic asset in our children's or grandchildren's lives. Not everthing is always so negative.

WOW!!! Think someone has been hitting the cocoa pretty hard lately. I've never heard anything so delusional. So basically what your telling me is that it is OK to send money we really don't have to help a country finance its oil exploration costs, yet here at home we can spend the same money, and accomplish more, by putting our own people to work, lowering the unemployment rate, and possibly helping the economy right itself just a little bit more

Here is something interesting with respect to Petrobras and George Soros

http://www.bloomberg.com/apps/news?pid=20601086&sid=aFHPjfeUvtl8

http://michellemalkin.com/2009/08/19/obama-soros-petrobras-brazil-offshore-drilling-double-standards/

Edited August 27, 2009 by Gator

[Strut10]

Kinda kike hillary klinton going to India and applauding thm for their nuclear power development whilst her boss flatly refuses to allow it here.

[OUTSIDER]

I like what you said AceArcher, If the supply drops very low in say 60 years, and we are forced to open our reserves such as the ones out in the Rocky Mountains, and supply the rest of the world...Charge 300-700 dollars per barrel....see you later National Debt. I think we should be doing the drilling offshore rather than letting Brazil do it, but what do i know.

[DocMort]

Maybe we should just give our flag to someone else to, maybe the Chinese. Give me a break this is a big mistake.

[stevebeilgard]

I like what you said AceArcher, If the supply drops very low in say 60 years, and we are forced to open our reserves such as the ones out in the Rocky Mountains, and supply the rest of the world...Charge 300-700 dollars per barrel....see you later National Debt. I think we should be doing the drilling offshore rather than letting Brazil do it, but what do i know.

well, if oil is 300-700 a barrel that means gas is 100 a gallon so no one will be able to drive. this is another blunder. we finance others to do what we won't. are you aware that some people are in visual site of a chinese oil drilling rig, while our rigs are forbidden to do the same?