BHO Financing Oil Exploration For Brazil

[synseer]

Anybody see this yet? Article in the WSJ talking about how the administration is willing to use our tax dollars to fund oil exporation off the coast of Brazil. Could make Brazil a leading country in oil exports. Asks the question why he'd be willing to do this for Brazil but not for the US.

"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."

http://online.wsj.com/article/SB10001424052970203863204574346610120524166.html

[Motive]

Because we've got tons of cash just lying around...

Maybe they're hoping for discounts or royalties.

[Jeb]

That is a good question!

[MYCAR47562]

Or Just Helping Out More Socialist Country's

[Jeb]

They really don't mind drilling on other's soil...just not our own!

[Motive]

I wouldn't want our oil wells dried up before anyone else's.

I can understand not drilling here...for now, but I'm concerned that when the time comes, nobody will give a shit about oil anymore, and we'll have a useless commodity.

[MYCAR47562]

motive i believe you are right

[djmotwister]

there's always a hidden meaning behind every big issues like this one ;)

[nelson]

Wow. We're lending billions of our money to another country so they can drill for oil for their own well-being. Amazing.

[Max]

Wow. We're lending billions of our money to another country so they can drill for oil for their own well-being. Amazing.

You can bet there are millions in campaign funds and other benefits for this tax payer investment. :)