A great deal of Brazil’s new oil is coming from deep water drilling by American drilling contractors..like Transocean. The equipment required is being financed by EXIM bank guarantee’s.
We should be shouting this to the roof tops..it is ok to do this, but we should be drilling our own oil in addition...deepwater, offshore, Alaska, or the Capital Mall if necessary,but to hinder our own development is criminal. But I guess that’s what criminal Rats do.
How, exactly, is this a win-win policy?
I suppose that sending pieces of paper with green markings on it for useful raw materials and energy that take work, capital, and effort to produce is really a case of us taking advantage of Brazil.
I wonder how long they will let us get away with it.