Thursday, June 24, 2010

BHO screwing USA & BP to protect Soros' Petrobas Brazil investment

From Gateway Pundit and the awesome "Catherine" June 23rd, 2010 10:16 am #13

A recap on how BHO is purposely screwing over America and the regime-contributor, co-cap'n'-tax-author BP to protect Soros' huge investment in Brazil oil company Petrobas.

"Now this all brings it together?

"Obama Helps Soros Drill For Oil In Brazil From RIGZONE: U.S. Ready to Finance Oil Drilling in Brazil EFE News Services (Aug 5,2009) The U.S. government is prepared to provide up to $10 billion in loans to finance the development of massive hydrocarbon reserves off Brazil’s coast, a Brazilian official said Wednesday."
"President Barack Obama’s national security adviser, Gen. James Jones, discussed the matter with officials this week during a visit to the South American country, Brazilian Planning Minister Paulo Bernardo da Silva told reporters.OH MY READ ON?From something we posted almost exactly one year ago, from Bloomberg:Soros hedge fund invests $811m to buy Petrobras stake August 15, 2008 London: Billionaire investor George Soros bought an $811 million stake in Petroleo Brasileiro (Petrobras) in the second quarter, making the Brazilian state-controlled oil company his investment fund’s largest holding."
OH MY? (says Catherine)

Palin questions Obama sending $2 billion to Brazil August 21, 6:06 AM


"Experts Say White House ‘Misrepresented’ Views to Justify Drilling Moratorium (Published June 11, 2010) - misrepresenting their views to make it appear that they supported a six-month drilling moratorium — something they actually oppose. The experts, recommended by the National Academy of Engineering, say Interior Secretary Ken Salazar modified their report last month, after they signed it, to include two paragraphs calling for the moratorium on existing drilling and new permits."

"Salazar apologized to those experts Thursday “The experts who are involved in crafting the report gave us their recommendation and their input and I very much appreciate those recommendations,” he said. “It was not their decision on the moratorium. It was my decision and the president’s decision to move forward.”

"Judge halts Obama’s oil-drilling ban - By Stephen Dinan (22 JUNE 2010)
A federal judge in New Orleans halted President Obama’s deepwater drilling moratorium on Tuesday, saying the government never justified the ban and appeared to mislead the public in the wake of the Gulf of Mexico oil spill."
"Salazar Seeks to Reimpose Drilling Moratorium (Tuesday 22 Jun 2010) Interior Secretary Ken Salazar says he will issue a new order imposing a moratorium on deepwater drilling after a federal judge struck down the existing one"
"Brazil sees silver lining in BP spill: more rigs Brazil may pick up rigs idled on moratorium* Could help the country’s offshore campaign* Deep water rigs in tight supply around the world - By Brian Ellsworth and Joshua Schneyer - RIO DE JANEIRO (June 11 Reuters) – Brazil could benefit from the BP Gulf of Mexico spill as a U.S. moratorium onoffshore drilling boosts available rigs for the country’s deepwater oil exploration program."

"The spill has temporarily halted new drilling in the Gulf of Mexico and Alaska, and has spurred Norway, which 40 years ago pioneered offshore drilling, to halt new licensing for now. Brazil’s state oil company Petrobras (PETR4.SA) (PBR.N), which already produces around a quarter of the world’s deepwater oil, could be an obvious candidate to take newly available rigs. Petrobras declined to comment on the issue. But Mauricio Tolmasquim, a top Brazilian government energy advisor, said this week that he expected the Gulf spill to benefit Petrobras by making more deep water rigs available – adding that cost savings could be offset by higher insurancepremiums for drilling operations. "

"Brazilian officials, including government leaders andPetrobras executives, have said Brazil has no intention ofslowing its offshore development as a result of the spill. "

"Analysts say oil companies operating in the Gulf of Mexico– most notably BP and Chevron (CVX.N) — may have to decidebetween paying standby fees while the rigs are idle, movingthem to other projects, or canceling the contracts.The U.S. moratorium may last longer than six months becauseof U.S. sentiment against offshore drilling and plans for anoverhaul of safety standards.This could provide further incentives to move rigs toBrazil or West Africa, which together with the Gulf of Mexicohave over the last five years been the principal areas of deepwater exploration. "

"Petrobras, which pumps the vast majority of Brazil’s crude, said in its 2009 business plan that it would lease eight deepwater drilling rigs this year and a total of 14 in 2011 and 2012. "

AS WE SEE THE FEDs blocking the clean up?
So it looks like bho screwed his big doner BP for his friend Soros?
You're ON to it, Catherine... awesome

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