A Rush For Black Gold In The Gulf

Washington Examiner ^ | August 20, 2009 | Editorial

[WhiteCastle]

Major new offshore drilling for oil and natural gas in the Gulf of Mexico will soon be a reality. The big question is whether Americans will be part of it. Brazil, China, India, Norway, Spain and Russia have all signed agreements with Cuba and the Bahamas to initiate exploration and production in the Gulf of Mexico within the next two years. So the prospect of seeing Russian oil rigs 45 miles off the Florida Keys -- where American oil companies are now forbidden to drill -- is a very real possibility.

[Prole]

This particular issue has been angering me for years.

The enemies of the United States are drilling for oil in our very own backyard, while our domestic enemies in the democrat party forbid us from getting our own resources.

And why?

Because we are overwhelmed with stupid people in this Republic who keep on voting democrat.

[mowowie]

Pathetic.

[Army Air Corps]

Ping.

[Krankor]

Since we're talking about black gold, I think it might be more apropos to quote Jed Clampett:
Pitiful. Just Pitiful

[bray]

The DNC strangling America to death.

Pray for America and Our Troops

[DNME]

If Alaska ... or Oregon ... or Florida ... or Maine wants to drill for oil, THEN DRILL, DAMMIT!!

If the feds object, frack ‘em. Drill anyway.

If the environutss want to sue, frack ‘em. Drill anyway.

Each of the 50 colonies (oops, sorry ... the Several States) are autonomous entities that may chart their own course. They are NOT subsidiaries of Uncle Sam Inc. and subservient to the central office.

So grow a spine and LEAD, don’t FOLLOW!

[dadgum]

Serves us right for allowing this STUPIDITY to continue for so very long...

[fight_truth_decay]

Timely: $10 US Bil to be invested in Brazil For Oil (Petrobras) of taxpayer money. Soros invested as well.

What's wrong with Alaska? What's wrong with investing "within" America? Brazzilmag

[oyez]

Because the Democrats have painted American oil companies to be villains. However, other countries’ oil companies are saints.

The Democrats would trust Russia with their crappy technology over superior American. If Key West got covered by a Russian oil slick the media probably wouldn't even show up.

[fight_truth_decay]

[Feb 18, 2009: George Soros Increases Stakes in Potash & Petrobas]

Mar 17, 2009: John Paulson Joins David Einhorn as Gold Bug with Stake in AngloGold Ashanti (AU)].

George Soros’s hedge-fund company, cut stakes in Petroleo Brasileiro SA and Potash Corp. of Saskatchewan, its biggest holdings in the first quarter, according to a filing. The New York-based fund sold 5 million U.S. shares of Petrobras, (PBR) as the company is known, during the quarter, according to a filing today with the U.S. Securities and Exchange Commission. Soros’s remaining 32 million shares of the Brazilian state-controlled oil company were valued at $963 million at the end of the quarter.

http://seekingalpha.com/article/138226-john-paulson-piles-into-gold-george-soros-sells-petrobras-and-potash

Friday, 07 August 2009
President Barack Obama's national security adviser, General James Jones, discussed the matter with officials this week during a visit to Brazil. He said the US Export-Import Bank already has signed a letter of intent in that regard with Brazilian state oil company Petrobras.

The loan is equal in value to a similar credit line agreed to with the China Development Bank, also for exploiting Brazil's "pre-salt" area, so-named because the estimated 80 billion barrels of high-quality crude in that new oil frontier lie far beneath the ocean floor under layers of rock and an unstable salt formation.

Under the agreement with the Chinese state bank, finalized during Brazilian President Luiz Inácio Lula da Silva's visit to Beijing in May, Brazil can repay the loan facility with oil as opposed to cash.

http://www.brazzilmag.com/content/view/11062/

[MissDairyGoodnessVT]

“where American companies are forbidden to dril”

ya’know I just feel like laughing for some reason it’s just so DAMN LUDICROUS
hahahahahahahahahahhahahahahahaha
roflmaoroflmaoroflmao

in my OWN COUNTRY!

[Prole]

You are right, and it just makes me sick.

What is even more disgusting is that we are totally dependent on the November 2010 elections to get our leadership somewhat under control.

It will still take years and years to reverse all of the destruction that the democrats are currently pushing on us.

[oyez]

Stand to. I get a feeling that despite the liberal stranglehold, the will of the people will win.

[runninglips]

Republicans will speak of drilling domestically, and of being pro life, for smaller govt, pro family .blah blah blah blah blah......once they are in they will dance to the tune of the invisible hand.

[WilliamofCarmichael]

Brazil, China, India, Norway, Spain and Russia . . . to initiate exploration and production in the Gulf of Mexico . . . where American oil companies are now forbidden to drill.

I hope to live long enough to see environuts hanging from lamp posts

[tophat9000]

What and F-—ing! joke we have become