President Obama Supports OFFSHORE DRILLING * YES!
REVIEW & OUTLOOK AUGUST 18, 2009, 1:45 P.M. ET Obama Underwrites Offshore Drilling
Too bad it's not in U.S. waters
You read that headline correctly. Unfortunately, the Obama Administration is financing oil exploration off Brazil.
The U.S. is going to lend...
http://online.wsj.com/article/SB10001424052970203863204574346610120...
Too bad it's not in U.S. waters
You read that headline correctly. Unfortunately, the Obama Administration is financing oil exploration off Brazil.
The U.S. is going to lend...
http://online.wsj.com/article/SB10001424052970203863204574346610120...
Tags: huh?
Comment
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Comment by Whoopi on February 3, 2010 at 2:28pm -
ARTICLECOMMENTS (6)Updated August 20, 2009
U.S. Loan to Brazilian Oil Company Riles Conservatives in Favor of Offshore Drilling
By James Rosen - FOXNews.com
In fact, the Export-Import bank receives no appropriations from Congress and thus does not rely on American taxpayer dollars and is also not "sending" $2 billion to the Brazilian company but offering lines of credit to U.S. firms so they can compete to land contracts as part of Petrobras' drilling operations.
The $2 billion "preliminary commitment" by the Export-Import Bank to Petrobras is expected to grow, as the U.S. competes on behalf of American exporters of goods and services against those from China. Beijing has extended a commitment of $10 billion -- but the Brazilians are said to prefer U.S. management and technology.
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Comment by Certain Person on February 3, 2010 at 8:47am - Not only financing off Brazil, but *for* Brazil. 'Splain that one to me... At the moment, China is drilling offshore US. I'm thinking this country is just going to stupid itself to death.
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