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Deja Vu as Beck Ponders Soros’ Petrobras Buy
| May. 20 2011 - 5:28 pm
| Kenneth Rapoza BRIC Breaker
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 ...
TOPICS: Business/Economy; Crime/Corruption
KEYWORDS: government; news; petrobras; philosophy; smearfinancier; spookydude
Forbs slams WSJ & GWB, erupts in old line propaganda time shift and objective swap techniques to cover Obama / Sorros spin up on Petrobra . GWB, 8.3 million acres in the GOM http://www.boemre.gov/ooc/press/2008/FactSheet-MMSGOMSecurityActMARCH202008.htm, WSJ, NSAd James Jones / Brazili talks about the $2 billion and
. increasing that amount. Then, 0 went to Brazil recently to say he wants Brazilian oil (greener and not mid east) http://online.wsj.com/article/SB10001424052970203863204574346610120524166.htmlt
Rab thinks Steve is a pretty sharp fella who may need to do some house cleaning.
posted on 05/20/2011 10:08:44 PM PDT
This guy goes on and on about the exim bank loan that Petrobras is about to secure, but not a single mention of the Deepwater
Gulf leases that the Obama administration granted to Petrobras. Oh! And then assuring the Brazilians that the US would like to become a valuable customer. If I had a few billion laying around, I might take a flyer at Petrobras myself. I might have even urged Obama to make those moves in order to increase the value of those shares.
Nothing wrong with that...is there?
posted on 05/20/2011 11:42:53 PM PDT
(Don't blame me. I voted for the chick. I hope to do so again.)
"but not a single mention of the Deepwater Gulf leases that the Obama administration granted to Petrobras"
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.
"GWB, 8.3 million acres in the GOM"
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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