Free Republic 3rd Quarter Fundraising Target: $85,000 Receipts & Pledges to-date: $26,100
30%  
Woo hoo!! And the first 29% is in!! Thank you all very much!!

Keyword: petrobras

Brevity: Headers | « Text »
  • Brazil oil auction: Lone bid wins exploration rights

    10/22/2013 5:48:28 PM PDT · by haffast · 1 replies
    BBC ^ | 21 October 2013 Last updated at 17:01 ET | BBC
    The rights to explore Brazil's biggest oilfield have been won at an auction by a consortium led by Brazil's state-run Petrobras, backed by Total, Shell and Chinese firms. The group made the only bid in the auction, offering the minimum share of the surplus production. The Rio de Janeiro beachfront hotel, where the auction took place, was guarded by 1,100 security personnel. Earlier, striking oil workers opposed to the contest clashed with police. Eleven companies had expressed interest in the Libra oilfield, but the Spanish Repsol pulled out on Monday, leaving the five winners as the only ones to present...
  • U.S. government spied on Brazil's Petrobras oil firm: Globo TV

    09/08/2013 3:40:41 PM PDT · by sheikdetailfeather · 16 replies
    Reuters ^ | 9-8-2013 | SAO PAULO
    SAO PAULO | Sun Sep 8, 2013 12:06pm EDT (Reuters) - The U.S. government allegedly spied on Brazilian state-run oil company Petroleo Brasileiro SA, known as Petrobras, according to the web site of Globo, Brazil's biggest television network. The network, which a week ago aired a report alleging that the U.S. National Security Agency intercepted communications by the presidents of Brazil and Mexico, said its information again came from Glenn Greenwald, an American activist who has worked with fugitive former NSA analyst Edward Snowden to expose the extent of U.S. spying at home and abroad. Promotional teasers from the network...
  • Kerry Has Investments in Companies Accused of Violating Iran Sanctions

    12/21/2012 10:50:39 AM PST · by Sub-Driver · 22 replies
    Kerry Has Investments in Companies Accused of Violating Iran Sanctions Daniel Halper December 21, 2012 12:59 PM John Kerry, who will be nominated later today to be the next secretary of state, is the richest member of the U.S. Senate. His estimated net worth is, at minimum, $198.65 million, according to disclosure forms. Kerry's disclosure forms also reveal that he has invested in companies accused of doing business with Iran. One of the companies Kerry is invested in is called Petroleo Brasileiro SA Petrobras (Petrobras), it's a Brazilian-based oil and gas corporation. Disclosure forms reveal that Kerry has between $150,000...
  • Highway bill is worth billions to companies owned by Soros, Pickens, Douglas

    03/13/2012 10:19:07 AM PDT · by mgist · 17 replies · 1+ views
    Human Events ^ | 03/13/2012 | by S. E. Robinson
    George Soros, T. Boone Pickens, Kevin G. Douglas and companies under their control stand to reap the rewards of billions of taxpayer dollars in subsidies contained in a Democratic-sponsored measure set for a vote this week. The legislation, authored by Sen. Robert Menendez (D-N.J.), would amend the much-ballyhooed highway bill to include the New Alternative Transportation to Give Americans Solutions act, or NATGAS act. The act would provide subsidies for individuals, corporations and public entities that purchase natural gas vehicles or build natural gas distribution facilities. The act would subsidize three different enterprises controlled by Soros, Pickens and Douglas, who...
  • Pemex's woes may clear way for Brazil to help

    04/02/2008 11:28:28 AM PDT · by thackney · 3 replies · 47+ views
    Houston Chronicle ^ | April 1, 2008 | THOMAS BLACK and ANDRES R. MARTINEZ
    Mexico's leader sees potential in progress of Petrobras Guillermo Najera, a 42-year-old machine operator at Mexican state-controlled oil company Petróleos Mexicanos, gets paid to do nothing all day. Pemex management can't fire the union worker or transfer him from the ammonia plant in Ciudad Camargo, where he still shows up for work even though the plant stopped production in 2002. "We don't have anything else to do except keep our areas clean," Najera says as he and dozens of other idle workers enter the gates of the plant for the 7 a.m. shift. "I want to go back to work."...
  • Billionaire Buffett's Bakken Boom

    11/17/2011 10:26:11 AM PST · by kbobdelux · 14 replies
    Investor's Business Daily ^ | 11/16/2011 07:02 PM ET | Andrew Malcolm
    Energy Policy: Killing the Keystone XL pipeline may help one of the world's richest men get richer. North Dakota's booming oil fields will now grow more dependent on a railroad the president's economic guru just bought. Stop us if you see a pattern here. About the time George Soros — Hungarian billionaire and key donor to leftist groups and the Democratic Party — invested heavily in the stock of the state-run Brazilian oil company Petrobras, President Obama was curbing U.S. offshore oil production and the U.S. Export-Import Bank announced a $2 billion loan to Petrobras to finance deep-water drilling off...
  • Firm backed by billionaire Soros says Polish shale gas more profitable than US [ Soros fracks! ]

    09/20/2011 12:10:01 PM PDT · by NoLibZone · 20 replies · 1+ views
    star-telegram.com ^ | Spet 20 2011 | star-telegram.com
    San Leon Energy Plc, the natural gas explorer backed by billionaire George Soros and Blackrock Inc., expects its Polish shale licenses to be more profitable than U.S. gas deposits, the company's exploration director said. Read more: http://blogs.star-telegram.com/barnett_shale/2011/09/firm-backed-by-billionaire-george-soros-says-polish-shale-gas-to-be-more-profitable-than-us-.html#ixzz1YWNZWYM2
  • The Quiet Revolution: Latin America Moving Away from Washington’s Influence

    08/02/2011 11:46:01 AM PDT · by bananaman22 · 1 replies
    OilPrice.com ^ | 01/08/2011 | John Daly
    Perhaps the biggest foreign-policy story of the past decade, thoroughly overlooked by the American media after 9/11 and its subsequent monomaniacal focus on terrorism, security and the wars in Iraq and Afghanistan, is the fact that Latin America has essentially moved away from Washington's influence. This quiet revolution from below, in rejecting the Monroe Doctrine, first enunciated in 1823 whereby the U.S. essentially barred European powers from influence in Latin America, has essentially for nearly 200 years served as an ideological platform for countless U.S. interventions south of the border but has yet to register on the radar the politicians...
  • A Bill To Make Soros Richer

    06/14/2011 4:43:35 PM PDT · by Kaslin · 9 replies
    IBD Editorials ^ | June 14, 2011 | Staff
    Rules: A bill encouraging the use of natural-gas-powered vehicles will give the EPA authority to regulate greenhouse gases while rewarding the Democratic left's patron saint. We like natural gas. It's the cleanest-burning fossil fuel, the U.S. has lots of it and, thanks to technologies such as hydraulic fracturing (aka "fracking"), we can get even more of it from the vast shale formations that dot the country. Others like it, too, which is why a bill floating through Congress, the New Alternative Transportation to Give Americans Solutions Act of 2011 (HR 1380), or Nat Gas Act, has seen a number of...
  • Exxon Mobil announces major Gulf find

    06/08/2011 2:04:55 PM PDT · by thackney · 35 replies
    Fuel Fix ^ | June 8, 2011 | Simone Sebastian
    Exxon Mobil Corp. has made one of the largest oil and gas finds in the Gulf of Mexico in a decade, the company announced today. The oil major said it made two oil discoveries and a natural gas discovery in its Keathley Canyon blocks, including an oil discovery in the company’s first exploration well since last year’s moratorium on deep-water drilling. Exxon expects the combined finds to yield more than 700 million barrels of oil equivalent. More than 85 percent would be oil, the company said. Drilling early in 2010 turned up oil and natural gas at the well 250...
  • Deja Vu as Beck Ponders Soros’ Petrobras Buy

    05/20/2011 10:08:41 PM PDT · by Rabin · 3 replies · 1+ views
    forbes ^ | May. 20 2011 - 5:28 pm | Kenneth Rapoza BRIC Breaker
    "Obama had nothing to do with the loan…. The President role is to appoint board members… Maybe those board members were Soros’ friends. But that’s probably beside the point… (Nothing here folks, move along, move on, moving forward as it were)
  • Beck: Guess Who's Back Backing Petrobras? [ Way back in Aug of last year Soros]

    05/19/2011 11:41:45 AM PDT · by NoLibZone · 7 replies
    Fox News ^ | May 18 2011 | Beck
    GLENN BECK, HOST: Do you remember way, way back when we showed you how George Soros was pumping money in Petrobras? That's the Brazilian oil company. But, then, he announced, "I sold my spooky dude shares of Petrobras" and he was out. So, it's totally cool. Everybody can relax. There's nothing to see here, people. When President Obama indicated that he was helping Petrobras secure loans. Then he approved a permit for the -- for the Brazilian oil company so they could -- they could source some of the oil in the Gulf of Mexico, which we can't do, while...
  • Soros Builds on Petrobras Holdings in First Quarter [ But, but we were told Soros sold Petrobras! ]

    05/18/2011 5:43:08 PM PDT · by NoLibZone · 12 replies
    http://blogs.forbes.com/ ^ | May 17 2011 | http://blogs.forbes.com/kenrapoza/2011/05/17/soros-builds-on-petrobras-holdings-in-first-quarter/
    Billionaire investment manager George Soros built on his position in Brazilian oil and gas company Petrobras in the first quarter of 2011 for his Soros Fund Management firm, according to the guru watchers over at Guru Focus.com on May 17. He now owns 1.1 million shares of Brazil’s state owned oil company. Soros sold out of Petrobras in mid-2010 only to return to the market in the fourth quarter of 2010 with the purchase of roughly 588,000 shares. The stock has been a money loser for Soros since getting back into the market, according to his average share price calculated...
  • Oil imports spike as Obama oil ban decreases domestic production

    04/28/2011 10:00:56 AM PDT · by tobyhill · 13 replies
    SF Examiner ^ | 4/28/2011 | Conn Carroll
    President Obama sent a letter to Congress earlier this week urging them to “eliminate unwarranted tax breaks for the oil and gas industry, and to use those dollars to invest in clean energy to reduce our dependence on foreign oil.” Let’s leave aside for a second the fact that even after 30 years of subsidies, clean energy energy accounts for just over 1% of all U.S. energy production. If Obama really wanted to reduce our dependence on foreign oil tomorrow he could end his Gulf of Mexico permitorium on offshore drilling. Here are the facts: According to projections made by...
  • Drill, Bebê, Drill...

    03/24/2011 5:57:01 AM PDT · by radioone · 6 replies
    American Thinker ^ | 3-23-11 | Russ Vaughn
    Let's see if I have this straight: America shouldn't drill for oil and gas in the Gulf of Mexico because our evil oil corporations surely will cause another accident like the BP spill and pollute all the oceans of the world; but it's no problema apparently for the obviously technologically superior Brazil to drill in the open Atlantic and sell their production to us? At least that is what I gleaned from the encouraging words delivered by our president to Brazilian leaders in a speech to local businessmen in Brasilia last week. Discussing the partnering of our two national economies,...
  • Anyone Want to Connect the Petro-Dots?

    03/23/2011 12:03:23 AM PDT · by Rashputin · 11 replies
    American Thinker ^ | March 22, 2011 | Richard N. Weltz
    Anyone Want to Connect the Petro-Dots?Richard N. Weltz Let's see now, methinks there are a few dots out there just begging for someone to connect them: * George Soros and his various money-distribution organizations such as MoveOn.org spend heavily on behalf of Obama's run for the presidency. * Soros invests over $800 million for a large stake in Petrobras, the Brazilian oil company. * The U.S. arranges for the Ex-Im Bank to guarantee loans of $2 billion to Brazil for exploration of offshore oil finds. * Brazil makes a huge find right at its front door. * The U.S. shuts...
  • Petrobras gets permit for U.S. deep waters

    03/23/2011 9:59:17 AM PDT · by Lucky9teen · 56 replies
    WASHINGTON, March 18 (UPI) -- Washington has given Petrobras America Inc. permission to start oil and gas production in the Gulf of Mexico, a regulator said. The Bureau of Ocean Energy Management, Regulation and Enforcement gave Petrobras approval to use a floating production storage offloading facility at its Cascade-Chinook project in the Gulf of Mexico. The approval marks the first time FPSO technology will be used in U.S. waters of the Gulf of Mexico. The oil and gas project is about 165 miles off the coast of Louisiana in 8,200 feet of water. The FPSO has a production capacity of...
  • Vitter wants answers on Brazil drilling loan; Paul wanted answers too

    03/22/2011 2:19:36 PM PDT · by Crush · 31 replies
    The US Report ^ | 22 March 2011 | Kay Day
    Sen. David Vitter (R-La.) wants answers from the US taxpayer supported Export-Import bank about a $2 billion loan to Brazil for offshore drilling. Vitter’s home state is suffering under a moratorium imposed by President Barack Obama. Vitter said Louisianians “are frustrated” and he wants to know “why permitting domestically is nearly stalled…” Rep. Ron Paul (R-Texas) had questions about ExIM—nine years ago when he asked Congress to reject the reauthorization of ExIm for “economic, constitutional and moral reasons.” Vitter sent a letter to Fred Hochberg, Ex-Im president, on March 17. Vitter asked Hochberg to identify all US companies that have...
  • Obama Strengthens George Soros' Oil Interests In Brazil

    03/21/2011 9:02:51 AM PDT · by george76 · 23 replies
    check ^ | 3/18/11 | Dr B
    Obama left his lush golf get-aways and NAACP basketball sprees to depart for a Brazilian vacation. ... Obama abandoned the victims of genocide in Libya to help America's oil opposition. Why? Out with Western oil, in with Russian and Brazilian oil. Is it just coincidence that George Soros sold his Western oil stock and bought stock in Russia and Brazilian oil companies, about three months ago ? ... Last March, Soros invested in airport screeners. How did he know to do that? Insider info!
  • US Approves 1st Floating Oil Production, Storage Facility For US Gulf

    03/19/2011 6:12:51 PM PDT · by Iron Munro · 3 replies
    Wall Street Journal ^ | 3-17-2011 | Angel Gonzalez
    U.S. regulators on Thursday for the first time approved the use of a floating production, storage and offloading vessel in the U.S. Gulf of Mexico, a move that could help spur the exploitation of distant offshore fields. The Bureau of Ocean Energy Management, Regulation and Enforcement said Petroleo Brasileiro S.A.'s (PBR) Petrobras America unit could begin using a floating production, storage and offloading facility, also known as an FPSO, to produce oil and gas at its deepwater Chinook-Cascade project. The FPSO will have a production capacity of 80,000 barrels of oil per day and 16 million cubic feet of natural...
  • Focus on Brazil: Drillers rack up more hits

    03/07/2011 11:00:07 AM PST · by socialism_stinX · 10 replies
    Offshore-mag.com ^ | 3/2/11 | Offshore staff
    Petróleo Brasileiro S.A. reports success from its extension drilling at exploration well 3-BRSA-891A-RJS in the Iara Evaluation Plan offshore Santos basin concession BM-S-11. The pre-salt well is 8 km (5 mi) from the discovery well and is in 2,279 m (7,477 ft) of water. Formation tests are to be performed to determine productivity. OGX Petróleo e Gás Participações S.A. reports hydrocarbons in its 1-OGX-31-RJS well in BM–C-41 in shallow waters of Campos basin. An oil column of about 149 m (489 ft) with approximately 48 m (157 ft) of net pay in the Albian section and a column of 59...
  • Noble rig leaves U.S. Gulf for Brazil

    03/04/2011 11:13:03 AM PST · by thackney · 31 replies
    Fuel Fix ^ | March 4, 2011 | Brett Clanton
    Noble Corp. in January announced plans to move one of its deep-water drilling rigs out of the Gulf of Mexico amid a spill-related slowdown in activity. This week, the Swiss-based driller made good on its promise. It loaded the Noble Clyde Boudreaux, an ultra-deepwater semisubmersible, on a ship in Pascagoula, Miss., that will carry the rig 5,000 miles to Brazil, where it has a contract with Shell. That new contract, starting in April, will last for a year and is $290,000 per day less than the previous Gulf lease, Noble said. Noble, Diamond Offshore and other offshore drilling contractors have...
  • George Soros Handicapping American Energy

    03/02/2011 3:18:04 AM PST · by Scanian · 13 replies
    The American Thinker ^ | March 02, 2011 | Ed Lasky
    George Soros has been a brilliant investor over the years. As befits many hedge fund operators, he uses leverage to magnify his returns. But in his case, leverage has a double meaning. Leverage can refer to the debt Soros assumes when he makes his investments. But it can also refer to the practice Soros has engaged in, both overseas and in America, to use his money and influence to bolster his political power -- power that he then uses to boost returns on his investments. He is not just a hedge fund billionaire but a crony capitalist kingpin who puts...
  • Obama Administration Blocking 103 Gulf Drilling Permits

    02/03/2011 1:00:54 PM PST · by Nachum · 62 replies
    big government ^ | 2/3/11 | Robert Bluey
    As oil prices continue to climb, a backlog of more than 100 offshore drilling plans for the Gulf of Mexico are awaiting approval from the Obama administration, according to federal data. The federal government has not approved a single new exploratory drilling plan in the Gulf of Mexico since lifting its deepwater drilling moratorium on Oct. 12. There are currently 103 plans awaiting review by the Bureau of Ocean Energy Management, Regulation and Enforcement. The information reveals that the Obama administration — not the oil industry — is the culprit for the slowdown of drilling activity in the Gulf. The...
  • Revised deep drilling moratorium is unveiled

    07/12/2010 2:12:40 PM PDT · by OldDeckHand · 38 replies
    MSNBC.com ^ | 07/12/2010 | Staff
    WASHINGTON — After two court rulings against its six-month moratorium on deepwater oil and gas drilling, the Obama administration on Monday announced a revised ban that it described as essential and appropriate. The Interior Department said the revised ban incorporates "new evidence regarding safety concerns" as well as new procedures to gather industry feedback. Moreover, the revision suspends drilling not based on water depth, it said, "but on the basis of the drilling configurations and technologies."
  • Issuing of new drill ban over BP depends on case

    07/08/2010 10:48:05 AM PDT · by FreeAtlanta · 15 replies
    reuters ^ | July 8th, 2010 | Tom Doggett and Jeremy Pelofsky
    WASHINGTON/NEW ORLEANS (Reuters) - The Obama administration said on Thursday it will immediately issue a revised ban on deepwater drilling if an appeals court does not allow it to reinstate the six-month moratorium it imposed in the wake of the BP oil spill...
  • Govt: Obama Drilling Ban to Cut Supply Sharply

    07/08/2010 7:29:35 AM PDT · by TigerLikesRooster · 35 replies
    Money News ^ | 07/08/10
    Govt: Obama Drilling Ban to Cut Supply Sharply Thursday, 08 Jul 2010 09:42 AM The Obama administration's contested moratorium on deepwater drilling will take a larger portion out of U.S. oil production next year than previously thought, the government's energy forecasting agency said on Wednesday. Oil production next year is expected to be cut by 82,000 barrels per day, or almost 30 million barrels total, due to delayed or canceled drilling caused by the moratorium, the Energy Information Administration said. That is 17 percent more from the 70,000 bpd in lost output the agency predicted just last month. Monthly production...
  • Crime Inc: The George Soros Story

    06/24/2010 8:11:46 AM PDT · by ChrisBoundsTX · 18 replies · 6+ views
    Liberty Juice ^ | 06/24/2010 | Chris Bounds
    Last month I went into extended detail about the story called Crime Inc. Exposed by Glenn Beck, Crime Inc. is a web of liberal and progressive organizations that leave a trail all the way to the White House and President Obama. Cap and Trade is the flag all of the players rally in Crime Inc. rally around. Mr. Beck added another twist to the story, as if it was not spooky enough already. Only now the central theme is George Soros. First let me lay out who the major players are, but please do not get lost in the details:...
  • Salazar's Ban Is Soros' Bonanza

    06/23/2010 4:22:23 PM PDT · by Kaslin · 23 replies · 1+ views
    IBD Editorials ^ | January 23, 2010 | Investors Business Daily staff
    Energy Policy: Our interior secretary plans to reinstate the offshore drilling moratorium struck down by a federal judge. But if deep-water drilling is so unsafe, why are we helping Brazil drill nearly three times as deep? Maybe Secretary Ken Salazar can explain why Britain and others can safely drill in the North Sea and no other nation has suspended its offshore drilling. Yet there he was Tuesday saying he'll reissue a reworded moratorium that will make it clear to dunces like U.S. District Judge Martin Feldman why offshore drilling is unsafe. As with health care reform and other issues, the...
  • Glenn Beck: Left Strangely Silent on Petrobras

    06/23/2010 10:09:37 AM PDT · by Lucky9teen · 11 replies
    http://www.glennbeck.com ^ | June 21, 2010 - 23:20 ET | by Glenn Beck
    All I could think about this weekend was one word: Halliburton. Everyone in the universe knows what Halliburton is. It's Dick Cheney's evil oil company. Yup, George W. Bush and Dick Cheney, they're just puppets of the big oil companies like Halliburton. So, getting in bed with Big Oil is a touchy subject with the left. They won't stand for anyone with any sort of a connection with an oil company. Oil is evil! Yet no one knows the word "Petrobras." Suddenly the left's concerns with politicians and Big Oil seem to have dissipated. But you've heard George Soros' name...
  • 'Obama's Katrina': an Illustrated Timeline

    05/02/2010 12:16:54 PM PDT · by Matchett-PI · 341 replies · 5,328+ views
    Directorblueblogspot ^ | May 01, 2010 | Doug Ross
    20 April 2010: An oil rig rented and operated by BP in the Gulf of Mexico explodes, killing 11 workers. 21 April 2010: All 115 workers are evacuated from the Deepwater Horizon offshore oil rig. 22 April 2010: The Deepwater Horizon collapses into the sea and sinks. 22 April 2010: President Obama delivers a speech on Wall Street to advocate more government intervention in the country's financial sector, but offers no reforms for Fannie Mae or Freddie Mac, which helped precipitate the 2008 meltdown. He also delivers a speech regarding the contributions of Earth Day to environmental awareness. Meanwhile, 200,000...
  • Soros’s Oil Spill Payoff

    06/22/2010 8:42:35 AM PDT · by opentalk · 38 replies
    Frontpage Mag ^ | June 22, 2010 | Tait Trussell
    Within 48 hours after President Obama issued the six-month moratorium on deep-water drilling, the George Soros-backed Brazilian oil company, Petrobras, contacted a large New Orleans company, Laborde Marine, which services the deep-water drilling market. The company was seeking to lease all its vessels. “If the moratorium on deep-water drilling is not lifted, 33 semi-submersible rigs and/or drill ships affected will simply go to other countries where they will be well received, such as Brazil,” Cliffe F. Laborde and J. Peter Laborde, Jr. wrote in a June 4 letter to their Louisiana Senators. Could this be merely a happy coincidence for...
  • Most Energy Experts Consulted by Interior Dept. Oppose ‘Six Month Blanket Moratorium’

    06/22/2010 3:12:27 AM PDT · by Man50D · 3 replies · 1+ views
    CNSNews.com ^ | June 22, 2010 | Edwin Mora
    Complete title: Most Energy Experts Consulted by Interior Dept. Oppose ‘Six Month Blanket Moratorium’ on Offshore Drilling Eight of the 15 experts consulted by the Interior Department for a report about oil drilling safety -- a report commissioned by President Barack Obama -- said they disagreed with the report’s call for a six-month ban on offshore drilling. They outlined their objections in a June 8 to Louisiana Sens. Mary Landrieu (D) and David Vitter (R) and Gov. Bobby Jindal (R). The energy experts also said the final version of the report was "modified” from their review of the draft in...
  • Gulf Moratorium More Damaging Than the Spill?

    06/18/2010 10:45:32 AM PDT · by Qbert · 5 replies · 246+ views
    Motley Fool ^ | 6/15/2010 | David Lee Smith
    A report prepared for President Obama by Interior Secretary Ken Salazar and others regarding suggested handling of the BP (NYSE: BP) and Transocean (NYSE: RIG) gulf tragedy may have a spurious heritage. According to Salazar, the report, which included suggestions for 22 safety measures, along with a recommended six-month moratorium on drilling in gulf waters deeper than 500 feet, had been "peer reviewed" by a panel of seven experts. But a majority of the panel members, along with others who worked on the report, have had their feathers ruffled. It seems that they had agreed on an earlier version of...
  • Obama Underwrites Offshore Drilling (Why Obama demands a drilling moratorium in America)

    06/17/2010 2:44:40 PM PDT · by yoe · 38 replies · 908+ views
    WSJ ^ | AUGUST 18, 2009 | Staff
    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...
  • Cap-And-Trick

    06/16/2010 4:27:26 PM PDT · by Kaslin · 14 replies · 511+ views
    IBD Editorials ^ | June 16, 2010 | Investors Business Daily staff
    Energy Policy: President Obama says the oil disaster proves the need to get off fossil fuels. But before we save the planet, let's save the Gulf and stop exploiting crises to deny America the energy it needs. Saving the planet is nice, but just how do we plug the hole again? With an abundance of hand gestures, the president didn't really say in his speech Tuesday night. He did say fossil fuels were bad and green energy is good, but the people of the Gulf states don't need wind turbines right now. Contrary to Obama's assertions, our "addiction" to foreign...
  • Petrobras delays deep-water rig tendern (From May, 2010)

    06/15/2010 4:48:57 PM PDT · by combat_boots · 6 replies · 236+ views
    UpstreamOnline ^ | 03 May 2010 | Gareth Chetwynd
    Petrobras has postponed the bidding date in a giant tender for up to 28 deep-water rigs, of which nine will be owned by the Brazilian oil company. News of a two or three week delay had been circulating around the oil sector for two weeks, and the move was confirmed by the Petrobras board of directors in its most recent meeting. Bids for the package consisting of seven drillships and two semi-submersibles to be owned by Petrobras were due this week, but will now be presented on 26 May. Bids for up to 19 chartered drillships are now due for...
  • Obama's Boss Sees Silver Lining in BP Spill

    06/14/2010 7:58:57 AM PDT · by jazminerose · 14 replies · 462+ views
    Canada Free Press ^ | 6/14/10 | Joy Tiz
    Analysts say oil companies operating in the Gulf of Mexico—most notably BP and Chevron (CVX.N)—may have to decide between paying standby fees while the rigs are idle, moving them to other projects, or canceling the contracts. The U.S. moratorium may last longer than six months because of U.S. sentiment against offshore drilling and plans for an overhaul of safety standards. The shortage of rigs could help Brazil become a major oil exporter. What an amazing stroke of good fortune for Obama’s boss, unrepentant Nazi collaborator, George Soros! Soros is also invested in offshore oil drilling in Brazil, assisted by the...
  • Obama’s Boss Sees Silver Lining in BP Spill

    06/13/2010 2:42:16 PM PDT · by Brugmansian · 20 replies · 518+ views
    Canada Free Press ^ | June 13 2010 | Joy Tiz
    Reuters is reporting that Brazil stands to benefit from the BP oil spill catastrophe as the US moratorium makes more rigs available for other countries. Even as an ecological catastrophe makes the future of U.S. offshore drilling less certain, Brazil is plowing ahead with a $220 billion five-year plan to tap oil fields even deeper than BP’s (BP.L) ill-fated Gulf well, which is still leaking crude. It’s estimated that thirty five rigs are now sitting idle in the Gulf of Mexico. Brazil is already getting inquiries from companies wanting to move their rigs there. Brazil’s state oil company, Petrobras already...
  • Drill Now: Page 122 Copenhagen Climate Treaty catalyst for One World Order headed by Soros/Obama

    12/10/2009 9:20:58 PM PST · by FromLori · 19 replies · 990+ views
    Examiner ^ | 12/10/09 | Ken LaRive
    An interpretive evaluation of the Copenhagen Climate Change Treaty Draft from the United Nations Framework Convention on Climate Change working group dated September 15th, 2009, Page 122, Item 17, is presented below, and should concern every citizen in the United States. This section shows several anomalies, other than simple spelling errors. It indicates foremost, unclear yet emphatic proposals that if left unchecked will radically shift responsibility from unsuccessful countries to successful countries. It fails to show a method of delivery, or specifics to apply any form of real action, opening the door for both gross interpretation and unjustifiable control. If...
  • Obama pays off supporter Soros with $2B in federal loans to drill in Brazil

    08/30/2009 12:24:36 PM PDT · by Americaneedsyoou · 42 replies · 2,727+ views
    .examiner.com/video ^ | August 21 | Gregory Dail
    Insert photo caption or credit hereThe Wall Street Journal reported this week the Obama administration will invest $2 billion (or more) in drilling off the shores of Brazil, of all places. The same Dem-wits who will do anything to keep us from drilling off our own shores are now investing $2 billion in a Brazilian oil company? The question is why? It’s a POLITICAL PAYOFF TO GEORGE SOROS is why. The liberal rabble-rouser has 5.8 million of the company’s U.S.-traded preferred shares. Once again mainstream media has turned a blind eye to newest of Obama scandals. The Lone Conservative says...
  • Alternative energy powerhouse Brazil finds big oil

    08/23/2009 12:26:48 PM PDT · by reaganaut1 · 20 replies · 1,077+ views
    Associated Press ^ | August 23, 2009 | Bradley Brooks
    RIO DE JANEIRO (AP) -- Brazil, long proud of its push to develop renewable energy and wean itself off oil, has a bad case of fossil-fuel fever. An enormous offshore field in territorial waters -- the biggest Western Hemisphere oil discovery in 30 years -- has Brazilians saying, "Drill, baby, drill," while environmentalists fear the nation will take a big leap backward in its hunt for crude. There has been virtually no public debate on the potential environmental costs of retrieving the billions of barrels of oil, a project one expert said will be as difficult as landing a man...
  • U.S. Loan to Brazilian Oil Company Riles Conservatives in Favor of Offshore Drilling

    08/21/2009 9:33:23 AM PDT · by MNJohnnie · 22 replies · 1,026+ views
    Fox News ^ | 08/20/2009 | James Rosen
    President Obama has opposed any expanded oil drilling off American shores largely on environmental grounds, turning a deaf ear to conservative cries of "Drill, Baby, Drill." But now Obama may start hearing cries of "foul" after the U.S. Export-Import Bank promised Petrobras, Brazil's state-owned oil company, $2 billion in loan guarantees to help finance lucrative drilling off the shores of Rio De Janeiro. Some see a contradiction in an executive branch agency, independent but with board members appointed by the president, facilitating abroad the very kind of energy exploration Obama opposes domestically.
  • Petrobras: Buy and Sit Tight Like Soros

    08/21/2009 9:43:25 AM PDT · by SonOfDarkSkies · 11 replies · 694+ views
    seekingalphacom ^ | 8/19/2009 | David Enke
    As reported at Bloomberg.com, George Soros purchased an $811 million stake in Petroleo Brasileiro SA (PBR), (better known as Petrobras) in Q2. The Brazilian oil company is now the largest holding in his fund, amounting to 22 percent of the total $3.68 billion of stocks and American depositary receipts held by Soros Fund Management LLC. Of course, crude oil has taken a dive in the last month, helping to push Petrobras down 28 percent since his purchase and costing Soros $235 million. I guess we would all like to be in a position to lose nearly a quarter billion dollars...
  • YOUR TAX DOLLARS HARD AT WORK: FIRST CARS, NOW FOREIGN OIL. (Sarah Smacks Down Obama Again!)

    08/19/2009 12:29:47 AM PDT · by Sarah Barracuda · 90 replies · 2,932+ views
    Today's Wall Street Journal contains some puzzling news for all Americans who are impacted by high energy prices and who share the goal of moving us toward energy independence. For years, states rich with an abundance of oil and natural gas have been begging Washington, DC politicians for the right to develop their own natural resources on federal lands and off shore. Such development would mean good paying jobs here in the United States (with health benefits) and the resulting royalties and taxes would provide money for federal coffers that would potentially off-set the need for higher income taxes, reduce...
  • Obama Loans Billions to Brazilian Oil Company Partly Owned By Dem’s Biggest Contributor

    08/19/2009 5:20:43 PM PDT · by Starman417 · 37 replies · 2,632+ views
    Flopping Aces ^ | 08-19-09 | Mike's America
    And yet Dems block offshore oil production in the U.S. Two pieces of information here. Connect the dots: 1. The Obama Administration is offering billions in loans for oil drilling off the coast of Brazil. 2. George Soros, the Dems top money man has a huge financial stake in the offshore drilling company. Obama Underwrites Offshore DrillingToo bad it's not in U.S. watersWall Street Journal AUGUST 18, 2009 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...
  • PALIN SLAMS OBAMA Over Funding Brazilian Offshore Oil Development

    08/19/2009 10:08:55 AM PDT · by American Dream 246 · 99 replies · 5,366+ views
    Gateway Pundit ^ | 8/19/09 | Gateway Pundit
    Sarah Palin keeps hitting... Sarah Palin pummeled Team Obama over the news yesterday that the government will fund Brazilian offshore oil development and research but deny US companies access to oil deposits off our own shores. From her Facebook page, via Free Republic: YOUR TAX DOLLARS HARD AT WORK: FIRST CARS, NOW FOREIGN OIL. Today's Wall Street Journal contains some puzzling news for all Americans who are impacted by high energy prices and who share the goal of moving us toward energy independence. For years, states rich with an abundance of oil and natural gas have been begging Washington, DC...
  • Good news: Obama backs off-shore drilling!

    08/18/2009 7:17:21 PM PDT · by WhiteCastle · 13 replies · 548+ views
    HotAir.com ^ | August 18, 2009 | Ed Morrissey
    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...
  • Brazil Seeks More Control Over Oil Beneath Its Seas

    08/18/2009 5:44:33 PM PDT · by Lorianne · 8 replies · 403+ views
    New York Times ^ | August 17, 2009 | Alexie Barrionuevo
    RIO DE JANEIRO — Faced with the world’s most important oil discovery in years, the Brazilian government is seeking to step back from more than a decade of close cooperation with foreign oil companies and more directly control the extraction itself. The move is part of a nationalistic drive to increase the country’s benefits from its natural resources and cement its position as a global power. But it could significantly slow the development of the oil fields at a time when the world is looking for new sources, energy and risk analysts said. This month, Brazil’s government said it wanted...
  • Drill Like Brazil

    01/26/2009 6:22:09 PM PST · by Kaslin · 12 replies · 1,656+ views
    IBD Editorials ^ | January 26, 2009
    Stimulus: Brazil, a leader in the use of biofuels such as ethanol and in the face of falling oil prices, still plans to spend huge sums to expand its offshore oil resources. Drilling rigs are infrastructure too.With oil prices scraping the bottom of the barrel, pun intended, there wouldn't appear to be much incentive to pursue the development of new oil resources. And in tough economic times worldwide, the necessary investment required would appear to be prohibitive. As the U.S. seeks to get its economy going by building roads, bridges and bicycle paths, Brazil has decided to create jobs and...