Posted on 09/08/2010 8:48:50 AM PDT by Nachum
The list, ping
Let me know if you would like to be on or off the ping list
We need the oil but why we need to loan Mehico the money to drill is absurd. How about letting American companies compete against Pemex?
what’s that I hear......crickets, or environmentalists??
2 or 3 billion to Brazil for the same. Wonder how much stock Lord Soros holds in this company.
Under the 2009 loan agreements, PEMEX agreed to contract with American firms and purchase equipment from American manufacturers in exchange for the money.
Pemex is the national oil company of Mexico. Think monopoly. Think 20th (or perhaps 19th) century technology.
Well, like so many third world countries, I doubt they pay it back.
And Ex-Im starts seizing Pemex assets here, and elsewhere. It’s not that complicated.
We are the only game in town, any way. Where else are the going to get the equipment? China has a few drilling rigs but that is about it. Baker Hughes, Halliburton, Schlumberger, Cameron, etc...
I am not an expert in oil drilling, transportation, and oilfield services, but the “we are the only game in town” attitude is a little too cocky for my taste.
Whatever. If they want equipment and properly-trained personnel, it ain’t coming from France or Pakistan.
Mexico has never been a friend of our United States.
Based on old pesos!
The looters of Mexico want to have the freedom to loot America.
After spending several years starting oil exploration crews for Pemex, I think I have The reason Mexico has become so bad.
I like the Mexican people in the fly over parts of Mexico. The mid level and workers of Pemex are good. It is the government and the high up in Pemex that are the vultures and looters. The peso was about 8 cents (12.5 to a dollar). When Pemex found the sito grande, a very large oil pool that covers parts of the states of Chiapas and Tabasco also a long ways into the Gulf of Mexico.
Pemex borrowed billions to produce this great oil find. The looters (government) stole most of the money and what they did buy was junk oil rigs and drill pipe, etc. 1,000 pesos which was worth about $80 now will not buy a coke (old pesos). This was due to the looters stealing billions from the Mexican people.
Instead of overthrowing the looters the Mexican people had an out, they had no weapons and they could cross into America and have a much safer life. This hurts both Mexico and America as Mexico lost some of it’s hardest workers. The gangbangers and welfare frauds also came over from Mexico as they could rape and pillage at will.
The government of Mexico is propped up by the billions sent back by the illegals and by our government having borders that are too open.
The only chance I see to help America and Mexico is to seal the border, deport the people who are not here legally. We also need to arm the Mexican people so they can have a chance against the looters with their armies.
"They couldn't hit an elephant at this distance."
--Major General John Sedgwick, Spotsylvania Court House, killed in action May 9, 1864.
Obama Underwrites Offshore Drilling
You read that headline correctly. Unfortunately, the Obama Administration is financing oil exploration off Brazil.
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.
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. Ex-Im Bank says it has not decided whether the money will come in the form of a direct loan or loan guarantees. Either way, this corporate foreign aid may strike some readers as odd, given that the U.S. Treasury seems desperate for cash and Petrobras is one of the largest corporations in the Americas.
http://online.wsj.com/article/SB10001424052970203863204574346610120524166.html
Meh....the AnnointedIdiot gave Brazil and PetroBras $2 billion for deep-water drilling in and around the Gulf.... =.=
What about Scotland, Norway, Finland and UK?
Are you claiming the North Sea facilities used only US components and crews?
Dolphin Drilling
KCA Deutag
Maersk Drilling
Northern Offshore
Odfjell Drilling
SeaWell
Stena Drilling
Do these any many other non-US companies sound familiar?
Hillary Clinton and Obama need impeached and removed from office immediately!
Nope, just Maersk. They must all be the equivalent to Lane Wells and Gearhart.
Do BP,Shell or any major receive loans from the Export-Import Bank?
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