This illegal drilling moratorium that still remains even though it has been overruled by a federal judge as illegal is an outright scam. George Soros invested $811 million in Brazilian oil production and the Obama Administration sent $20 billion to Brazil to bail out their oil industry.
Because of the ban on drilling in off the coast of the United States oil rigs have moved to other countries like Brazil to save their jobs.
Here's the kicker. The water that the Deep Water Horizon was drilling in off the Gulf Coast was around 5000 ft. Now they will be drilling in waters that are nearly 3 times as deep. Where's the concern Mr. President?
Seriously...he has none.
We are led to believe that most of the oil from the spill has dissipated. If that is the case why is the ban still in effect?
Another question is why the Obama Administration wants us to be more reliant on foreign oil then ever before. No new wells will be allowed to start under this Administration. Soon the wells that are currently being used will peter out. What will we do in a year or two or three when that happens?
Reuters (via Doug Ross, via Maggies Notebook) Brazil could benefit
from the BP Gulf of Mexico spill as a U.S. moratorium on
offshore drilling boosts available rigs for the countrys deep
water oil exploration program.
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
BPs (BP.L) ill-fated Gulf well, which is still leaking crude.
With an estimated 35 rigs idled in the Gulf of Mexico,
Brazil is already receiving inquiries from companies looking to
move their rigs here, where vast discoveries in recent years
may soon turn the country into a major crude exporter.
What is bad for some may be good for others, said
Fernando Martins, Latin America Vice President for GE Oil and
Gas, which provides services to drillers in Brazil.
Since operators are shutting down at least temporarily in
the U.S. Gulf, some companies are planning to move their rigs
to Brazil now, he said, without offering details.
Links:
http://lonelyconservative.com/2010/...medium=Plugin&utm_campaign=LonelyConservative
gulfnews : Soros hedge fund invests $811m to buy Petrobras stake
http://lonelyconservative.com/2009/...ing-in-brazil-soros-stands-to-reap-dividends/
Soros Invests $811 Million In Brazilian Oil | Sweetness & Light
Obama Helps Soros Drill For Oil In Brazil | Sweetness & Light
How Barack Obama Got Elected: How George Soros Financed Obama