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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.
The U.S. Export-Import Bank tells us it has issued a “preliminary commitment” letter to Petrobras in the amount of $2 billion and has discussed with Brazil the possibility of increasing that amount.
So I wondered upon Obama going to vacation in Rio this month - if there would be any business discussed.
It seems to me that Obama is investing ahead of time in the foreign offshore arena knew that at some point, there will be an increased demand for offshore product. So reduce the U.S. capability to produce oil. Our rigs move to foreign areas to produce more oil for them to sell to us. The government investment value grows directly due to their policies.
The United States seeks to be "a strategic energy partner" to Brazil, which recently discovered major new offshore oil reserves. Obama said the United States wants to be one of Brazil's "best customers" when the oil starts flowing.
Both nations also will increase cooperation on producing biofuels with a specific separate agreement to team up on developing biofuels for aviation.
...
Washington will provide $1 billion in financing for infrastructure projects in Brazil's oil sector via the Export-Import Bank of the United States. Other financing will go toward joint projects between U.S. and Brazilian companies in third countries, mainly in Africa.
So our jobs and infrastructure is being sold out to foreign interests. The only thing left to make the circle complete is how it ties to the election. My guess is that the time they start producing and selling their oil, prices will reduce back to reasonable levels that make his policy look good on the surface.
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.
The U.S. Export-Import Bank tells us it has issued a “preliminary commitment” letter to Petrobras in the amount of $2 billion and has discussed with Brazil the possibility of increasing that amount.
So I wondered upon Obama going to vacation in Rio this month - if there would be any business discussed.
It seems to me that Obama is investing ahead of time in the foreign offshore arena knew that at some point, there will be an increased demand for offshore product. So reduce the U.S. capability to produce oil. Our rigs move to foreign areas to produce more oil for them to sell to us. The government investment value grows directly due to their policies.
The United States seeks to be "a strategic energy partner" to Brazil, which recently discovered major new offshore oil reserves. Obama said the United States wants to be one of Brazil's "best customers" when the oil starts flowing.
Both nations also will increase cooperation on producing biofuels with a specific separate agreement to team up on developing biofuels for aviation.
...
Washington will provide $1 billion in financing for infrastructure projects in Brazil's oil sector via the Export-Import Bank of the United States. Other financing will go toward joint projects between U.S. and Brazilian companies in third countries, mainly in Africa.
So our jobs and infrastructure is being sold out to foreign interests. The only thing left to make the circle complete is how it ties to the election. My guess is that the time they start producing and selling their oil, prices will reduce back to reasonable levels that make his policy look good on the surface.
Quote:
Originally Posted by DRob4JC
The fact that we could at least be employing people and improving our own economy to produce our own oil makes no difference?
It's part of the "spread the wealth" program, with the taxpayers' money going to fund projects on foreign soil. I note with interest that some "...financing will go toward joint projects between U.S. and Brazilian companies in third countries, mainly in Africa."
It's good to build businesses and create jobs in third world countries, which deseperately need it. But at home, the need is just as desperate for those who can't put decent food on the table because they can't find jobs and are struggling to keep a roof over their heads. Some effort at job creation right here would be a good thing.
It could be that price of gas will come down by election time, but if unemployment isn't substantially lower, people won't be taken in by appearances.
Probably getting oil from Brazil will result in considerable damage to the environment down there. I assume regulations in the US are stricter so that oil produced domestically would be clearly more expensive. I wonder if Americans would accept that... Aren't they complaining already?
I don't know why, we don't spend that money here and drill for oil. The U.S./Government, owns a lot of land, on which we could drill for oil ourselves, we'd save money and be producting our own oil plus create jobs? I don't get it?
we could create so many jobs..this is unbelievable?????? Well, it helps they're economy....
what could he be thinking? Can someone please explain the common sense, or lack thereof?
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