Skip to comments.Deja Vu as Beck Ponders Soros’ Petrobras Buy
Posted on 05/20/2011 10:08:41 PM PDT by Rabin
"Obama had nothing to do with the loan
. The President role is to appoint board members
Maybe those board members were Soros friends. But thats probably beside the point
(Nothing here folks, move along, move on, moving forward as it were)
(Excerpt) Read more at blogs.forbes.com ...
Rab thinks Steve is a pretty sharp fella who may need to do some house cleaning.
Nothing wrong with that...is there?
First off, the prez doesn't grant leases. Boemre(MMS) has auctions in which leases go to the high bidders.
Second, that activity with Petrobras had nothing to do with new leases being awarded or drilling new wells. That was about producing oil from wells that had already been drilled prior to the blow out.
Bush's lease sale for Area 181 in Dec 2001 was far, far, far less than 8.3 million acres.
Whatever it was, it was irrelevant because Congress revoked those leases within 2 days.
What is relevant it that republican controlled Congress, with the help of some western states dems, passed the GOM Energy Security Act of 2006 in Dec 2006 as one of their last acts after losing both the House and the Senate in the Nov election. The House republicans and the Senate republicans fought over that legislation thru-out 2006, until they lost congress.
Also relevant and significant is that, as your URL points out, TX, LA, MS, and AL were given revenue sharing.
So now, the mid-atlantic states may consent to drilling off their coast, but only if they also are given revenue sharing.
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