Skip to comments.Ironic, isn't it
Posted on 06/23/2010 10:27:17 AM PDT by syc1959
Ironic isn't it, that the day after a Federal Judge lifts the Deepwater Drilling Ban, BP has another accident and the cap is off the well, and uncontained or restricted oil is now flowing into the Gulf again.
Not to mention the $2 Billion dollars that Petrobras was loaned and their stock is down from a Monday high of $39.45 to currently $36.25.
As reported last year by the Wall Street Journal; 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.
Makes you wonder
You want Ironic???
Oh this is too rich.. Remember the General ‘Betray Us’ put out by Obama’s boss, George Soros and moveon.org.....well Obama just hired him for Afghanistan!
The EIA energy report (detailing, among other things, inventories of NG and crude) comes out Wednesdays in the am. Crude is off about 2.23 as I write this, and it’s certainly not uncommon for the oil stocks (think HES, XOM, COP, APC, COG) to take hits when oil drops in price.
Let me know if I’m being too rational!