REFERENCE One of the worlds largest deep-sea oil discoveries was made by Brazilian oil company Petrobras in the so-called Tupi oil field in the Santos Basin off the coast of Rio back in Nov 2007.
The Brazilian protest centered on a complaint that Obama wanted Brazils newfound oil supply to be sold to the US. The US is interested in importing oil from Petrobras, and Obama has said as much. But the US has no powers over Petrobras, which is majority owned by the Brazilian government and intent on servicing local oil needs first.
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GAME CHANGER? But the US Dept of the Interior "coincidentally" just gave Approval to let Petrobas drill at its Gulf of Mexico Deep Water Facility.
Looks like anybody can drill in US waters as long as it isn't US companies.
Why won’t she work on her posture?
Looks like anybody can drill in US waters as long as it isn't US companies
We're giving away access to, and income from, our own resources to foreign companies and countries with no compensation whatsoever!
Obama, Soros, Petrobras, Brazil & offshore drilling double standards
Michelle Malkin August 19, 2009
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*snip*
Is it a coincidence that Obama backer George Soros repositioned himself in Petrobras to get dividends just a few days before Obama committed $2 billion in loans and guarantees for Petrobras offshore operations? Hmmmmmmmmmm.