View Full Version : Regime using tax dollars for offshore drilling ...

01-27-2011, 04:19 PM
... in Brazil!

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">We didn't hear the administration crow about it, but Brazil is about to get $10 billion from U.S. taxpayers to develop its offshore oil reserves. It's not a bad idea, but something's still wrong with the big picture.

Given how many ratholes our government could pour its money down wind farms, switch grass it's good to learn some cash is going toward something productive.

Last week, Spain's news wire reported that the <span style='font-size: 14pt'>U.S. Eximbank is raising its stake in Brazil's rich offshore oil fields to as much as $10 billion, from an initial $2 billion.</span></div></div>

BRILLIANT! (http://www.investors.com/NewsAndAnalysis/Article.aspx?id=503235)


01-27-2011, 05:10 PM
Now I'm just an ignorant southern redneck, but wouldn't it make more sense to give that money to American companies to do the same thing??????????????

Oh, I forgot. Obama banned US companies from offshore drilling.


01-28-2011, 03:01 AM
Well, it will probably lower the UE rate in Brazil.