Stimulus is working...unemployement rate jumps to 9.7%, a 26 year high

kokonut said:
No. President Obama Finances Offshore Drilling in Brazil - WSJ.com

And, ya want more hypocrisy with the Dems Soros funded money wheel?

No. George Soros Cut Petrobras Stake in Second Quarter (Update2) - Bloomberg.com

Guess who helped fund the Obama campaign?

Yep, George Soros.

Soros-Funded Democratic Idea Factory Becomes Obama Policy Font - Bloomberg.com

Is it a coincidence that Obama backer George Soros repositioned himself in Petrobras to get dividends just a few days before Obama committed $2 billion in loans and guarantees for Petrobras’ offshore operations? Hmmmmm..... Nice way of paying back Soros for all his help is what this looks like. The old Chicago thuggery machination at work.


I think this'd be worthy of a federal investigation.


Again, why is ok for Obama to offer loans of $2 billion dollars (with more possibly in the future) to help underwrite Petrobras for offshore oil exploration when Obama ignores our own?
Hypocrisy, again, anyone?

Waiting for an intellectually honest answer here, which probably will not happen.
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Also, Sallylou is correct.

A few weeks ago, that is one of the reasons I had sent my email to a few sources, including same sources you provided who made those claims.

Have you read those from the website, Export-Import Bank of the US?
source: Ex-Im Bank :: Facts About the Proposed Ex-Im Bank Loans for Petrobras' Brazilian Offshore Oil Exploration and Development

Facts About the Proposed Ex-Im Bank Loans for Petrobras' Brazilian Offshore Oil Exploration and Development

Background on Ex-Im Bank:

* The Export-Import Bank of the United States’ (Ex-Im Bank) mission is to help create and sustain jobs for American workers. The Bank does this at no cost to the American taxpayer; in the past sixteen years the Bank has netted the American people $4.9 billion and the jobs those exports have supported.
* More than 80% of Bank authorizations during the last fiscal year directly benefited small businesses.

Charges and facts:

Charge: The U.S. government is giving away more than $2 billion in taxpayer dollars to Brazil’s largest oil and gas company to drill for oil in Brazil.

Fact: The Bank has approved a preliminary commitment to lend up to $2 billion to Petrobras for the purchase of American-made goods and services. The funds will go to American exporters as payment for their sales to the company. Of note, the Bank is self-sustaining and no taxpayer dollars are involved.

Charge: The loans to Petrobras represent a giveaway of U.S. tax dollars.

Fact: The Bank’s activities do not cost the American taxpayer a dime. In fact, since 1992 the American people netted more than $4.9 billion and the jobs those exports created.

Charge: America is exporting jobs to Brazil as a result of the loans.

Fact: Only American made goods and services qualify for Ex-Im Bank loans or guarantees. This is the government doing what it's supposed to do - helping to create U.S. jobs, making sure that Americans get a fair shot at selling goods and services, and helping American workers compete on a level playing field against foreign competition.

Charge: The loan to Petrobras represents a reversal of the Obama Administration’s policies on off-shore drilling.

Fact: The Bank’s bipartisan Board unanimously approved the preliminary commitment to Petrobras on April 14, 2009, before any Obama appointees joined the Bank. In fact, at the time the Bank’s Board consisted of three Republicans and two Democrats, all of whom were appointed by George W. Bush.

Read Chairman Hochberg's Letter to the Editor that appeared in the August 21, 2009 editions of the Wall Street Journal.
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Here's Chairman Hochberg's Letter to the Wall Street Journal regarding your original source, Wall Street Journal.

Letter to the Editor, Wall Street Journal
Brazil Loan Helps U.S. Manufacturers

Your editorial "Obama Underwrites Offshore Drilling" (Aug. 18) more correctly should have read, "Obama Underwrites U.S. Jobs." That's because the mandate of the Export-Import Bank of the U.S. (Ex-Im Bank) is to help create and sustain U.S. jobs by financing U.S. exports. Our offer to provide financing to Brazil's state-owned oil company Petrobras does exactly that.

That's what is behind our decision to offer at least $2 billion in loans or loan guarantees to help finance purchases of U.S. goods and services by Petrobras. This increases the likelihood that American—not foreign—
workers will be employed to satisfy part of the company's planned $175 billion investment during the next five years.

Ex-Im Bank does not make U.S. policy. In fact, our charter prohibits us from turning down financing for either nonfinancial or noncommercial reasons, except in rare circumstances including failure to meet our environmental standards.

We make no grants. The vast majority of our financing consists of guarantees of loans made by commercial lenders, not Ex-Im Bank direct loans. The foreign buyers that use Ex-Im Bank products pay us in full. Over the past 16 years the fees that we collect have netted American taxpayers more than $4.9 billion plus the jobs those exports have created. Thanks to the fees we charge, the bank is self-sustaining and does not receive any appropriated funds from Congress.

At a time when jobs, and exports, are more important than ever in helping our economy recover, Ex-Im Bank is achieving its mission to keep Americans working, and we're doing it without burdening the U.S. taxpayer.

Fred P. Hochberg
Chairman and President
Export-Import Bank of the U.S
Washington

Printed in The Wall Street Journal, page A12, August 21, 2009
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Here's the link to the meeting minutes, read under item 3 here:Summary of Minutes of Meeting of Board of Directors - Ex-Im Bank

ITEM NO 3
Country BRAZIL PC084193XX
Request for PRELIMINARY COMMITMENT

Applicant PETROLEO BRASILEIROS, NEW YORK NY
Borrower PETROLEO BRASILEIRO S/A, RIO DE JANEIRO, RJ 20035-900 BRAZIL
Guarantor NONE
Buyer PETROLEO BRASILEIRO S/A, RIO DE JANEIRO, RJ 20035-900 BRAZIL
End-user PETROLEO BRASILEIRO S/A, RIO DE JANEIRO, RJ 20035-900 BRAZIL
Exporter VARIOUS - UNITED STATES SUPPLIERS, UNKNOWN
Supplier VARIOUS - UNITED STATES SUPPLIERS, UNKNOWN
Gteed Lender FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ

Project Name NONE
Project Description OIL & GAS FIELD DEVELOPMENT
Product Description VARIOUS U.S. GOODS & SUPPLIES
Ex-Im Bank Liability (Millions) $20+
PC Expiry Date 05/14/11

Board Decision APPROVED
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But it shows an Emport-Import Bank liability of $20 million+. $2 billion is 100 times greater than $20 million????

Now, those are the links that I provided that raise questions that made me to send emails to those sources. Now, I don't expect them to reply back, anyway. :P
 
I heard the UK energy group recently had discovered oil in the Gulf of Mexico. They said that it could hold as much as 3 billion barrels of oil, but of course they said that there is more work to be done to confirm the size of the oil field.
 
Barbaro, we get massive hurricanes down here. Just went through Ike last year, and it was the worst hurricane that I've even been in. I lasted all night! Lot of destruction to oil producers from hurricanes. It can be done but it's something to consider.
 
Sometimes I wish oil fields were in safe areas, not dangerous areas.

My sis-in law lives in Houston. She and her family had to come here in Dallas after IKE showed up. I'm used to severe thunderstorms, 'cause I grew up in Mexico where the severe thunderstorms occurred daily. It was very hard to get sleep even though I am profoundly deaf. It is as if my old house was next to the heavy metal concert that had been played all night long. I had to board up a window, but it was not enough. :eek3:
 
I said in #1 "1). Obama allowed this to go through."

The Obama administration is doing business Brazil and her oil.

Again, for the fourth time, the question I ask is why is the Obama administration showing support and doing business with Brazil and her oil but ignores any semblance of support to drill and mine our own oil??

Sally, if you don't want to answer the question by avoiding it, fine. Pretty obvious.

In doing business with Brazil and her oil isn't about reducing our dependence on oil at all but the fact we rely very heavily on oil and that we are looking for a more stable oil country to receive our imported oil into the future. This is a long term oil business planning with Brazil once production gets underway several years from now. Kind of ironic how people stay silent on this oil thing after Obama basically says that oil is bad, bad, bad but hey, we have Brazil on the radar scope. The tin foil hat people? They're the die hard Obama supporters who'll do anything to support him even the face of obvious hypocrisy.

Oil? There's plenty of it out there. People fail to realize that we have not scoured ever inch of earth for these oil deposits. And we'll continue to be dependent on oil for decades. This whole PC of going green is a sham. It'll take decades before we have any semblance of being "green." Meanwhile, oil will go on til we die. And we need to protect our national security by investing in our own oil infrastrure and oil drilling on our soil.
 
Barbaro said:
Here's the link to the meeting minutes, read under item 3 here:Summary of Minutes of Meeting of Board of Directors - Ex-Im Bank


But it shows an Emport-Import Bank liability of $20 million+. $2 billion is 100 times greater than $20 million????

Now, those are the links that I provided that raise questions that made me to send emails to those sources. Now, I don't expect them to reply back, anyway. :P
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I don't pretend to know anything about banking or high finance but your link has me wondering why this bank is loaning $2 billions dollars when it has a libailitiy of 20 million.
 
Barbaro said:
I heard the UK energy group recently had discovered oil in the Gulf of Mexico. They said that it could hold as much as 3 billion barrels of oil, but of course they said that there is more work to be done to confirm the size of the oil field.
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We have about a trillion barrels worth of oil locked up in shale oil in Wyoming, Colorado, and Utah (Green River Formation). United States has more oil than any country (Canada is a contender) on earth, even the Middle East. That's the biggest irony. We're so oil rich but the environmental wackos get into a fit over oil while they continue to buy plastic, ride trains, buses, airplanes, ships, cars and products that required oil to transport them to the stores for them buy.

There are many, many potential oil fields in the Gulf of Mexico. Even off the coast of California iit s rich with oil but again you have environmental wackos throwing hissy fits if we try and tap oil there. Yet they want to maintain their standard of living at the same time, too. Hypocrisy in the make. But in the Gulf of Mexico we are only limited a small segment for off shore oil drilling while the rest of the United States coast everywhere is off limit. A sad, sad story. At least we're having a quiet hurricane season so far which means good news for oil platforms to crank out oil and increase oil production for the United States. Calm waters, busy platforms boost oil production | Energy | Chron.com - Houston Chronicle
 
kokonut said:
We have about a trillion barrels worth of oil locked up in shale oil in Wyoming, Colorado, and Utah (Green River Formation). United States has more oil than any country (Canada is a contender) on earth, even the Middle East. That's the biggest irony. We're so oil rich but the environmental wackos get into a fit over oil while they continue to buy plastic, ride trains, buses, airplanes, ships, cars and products that required oil to transport them to the stores for them buy.

There are many, many potential oil fields in the Gulf of Mexico. Even off the coast of California iit s rich with oil but again you have environmental wackos throwing hissy fits if we try and tap oil there. Yet they want to maintain their standard of living at the same time, too. Hypocrisy in the make. But in the Gulf of Mexico we are only limited a small segment for off shore oil drilling while the rest of the United States coast everywhere is off limit. A sad, sad story. At least we're having a quiet hurricane season so far which means good news for oil platforms to crank out oil and increase oil production for the United States. Calm waters, busy platforms boost oil production | Energy | Chron.com - Houston Chronicle
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I'm not surprised. I always have been known the deposits of oil shale exist in several Western states since I was a kid. Don't get me wrong. I am the daughter of the soil scientist / agronomist. The US government sent my dad to educate scientists in Mexico. He said that Mexico is so rich as well- thanks to oil. Unfortunately, the Mexican government is too corrupted.
 
Barbaro, I live in Houston, too. I'm really happy that we had a calm summer here. It would be good for my state if drilling increased here. Still have to watch out for those hurricanes, though. Of course, the companies evacuate the workers on the oil platforms when hurricane is coming.

The drug war is out of hand in Mexico. I won't travel there anymore. It's sad.
 
Originally Posted by kokonut
We have about a trillion barrels worth of oil locked up in shale oil in Wyoming, Colorado, and Utah (Green River Formation). United States has more oil than any country (Canada is a contender) on earth, even the Middle East. That's the biggest irony. We're so oil rich but the environmental wackos get into a fit over oil while they continue to buy plastic, ride trains, buses, airplanes, ships, cars and products that required oil to transport them to the stores for them buy.

It never ends, does it? What are environmentalist people to do? Move to the jungle? Most of the, lets call them "Earth Friendly" people, use much less of these products, especially plastics. *entering sarcasm mode* They should walk to where they want to go with slippers made of fig leaves. Why should they complain about all those precious oil reserves locked into rock, while they take the public transportation, even though they do it to keep oil usage down? Because they use oil based products at some point in their lives, we should bulldoze and drill anywhere the shale exists? *done sarcasm mode* Don't get the impression I am one of them. I have a long way to go to be an environmentalist. But again, you bash anyone or any lifestyle that differs from your own. What gives you the right? Let's all drive big cars. Lets get oil from anywhere it lies. Lets whine about our children's future, while we take what we want now with hairbrained ideas? Let's worry about our children's tax rate, screw the planet. What a set of priorities! I used to think you were intelligent. I often went out of my way to be polite and respectful, despite our differences. I now realize you deserve none of it.
 
saywhatkid said:
Originally Posted by kokonut
We have about a trillion barrels worth of oil locked up in shale oil in Wyoming, Colorado, and Utah (Green River Formation). United States has more oil than any country (Canada is a contender) on earth, even the Middle East. That's the biggest irony. We're so oil rich but the environmental wackos get into a fit over oil while they continue to buy plastic, ride trains, buses, airplanes, ships, cars and products that required oil to transport them to the stores for them buy.

It never ends, does it? What are environmentalist people to do? Move to the jungle? Most of the, lets call them "Earth Friendly" people, use much less of these products, especially plastics. *entering sarcasm mode* They should walk to where they want to go with slippers made of fig leaves. Why should they complain about all those precious oil reserves locked into rock, while they take the public transportation, even though they do it to keep oil usage down? Because they use oil based products at some point in their lives, we should bulldoze and drill anywhere the shale exists? *done sarcasm mode* Don't get the impression I am one of them. I have a long way to go to be an environmentalist. But again, you bash anyone or any lifestyle that differs from your own. What gives you the right? Let's all drive big cars. Lets get oil from anywhere it lies. Lets whine about our children's future, while we take what we want now with hairbrained ideas? Let's worry about our children's tax rate, screw the planet. What a set of priorities! I used to think you were intelligent. I often went out of my way to be polite and respectful, despite our differences. I now realize you deserve none of it.
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There's a reason why so many have him on ignore. He'll say that it's because we can't debate him on his blog. I find it very hard to be polite to him. I'm usually a lot more respectful to other conservatives than I am toward him.
 
That's not what I'm talking about. I am talking about using our own oil for a change instead of importing oil fro unfriendly and unstable countries who have very lax environmental laws Why spend the bulk of $500 billion dollars a year on oil from countries that are unstable and do not like the United States? Why not use our own oil for a change like when we did 30 years ago when 70% of the oil was domestic while 30% was imported oil allowing us to keep that leverage. Now, it has completely turned around with 30% of the oil is domestic while 70% of it is imported oil for the United States oil consumption. This put additional risk to our national security. Why spend the bulk of the $500 billion dollars to those unfriendly countries when we can re-circulate the money back into the United States by using mostly domestic oil for a change? That's where I'm getting at. I haven't deviated from that for the last several years.

It's better to depend on our own resources. It's a national security issue. It's an economic issue. It builds jobs. While use all of our domestic oil we can continue the path of "greener" energy. I can guarantee you that will not get away from oil in ten years. Not even in twenty years. The infrastructure is way, way too big for that short of a turnaround. Which is why it is pertinent that we focus on our own oil for a change.

Understand now? This whole green movement about oil is bunch of b.s.because it's not going occur anytime soon. These things take decades, not years. We've got a long way to go and to improve our national security and our energy independence. We should be using mostly our own domestic oil than to use imported foreign oil while we continue to improve our "green" technology. That's the best way to reduce any uncertanties when it comes to energy for us to use.
 
Barbaro said:
I'm not surprised. I always have been known the deposits of oil shale exist in several Western states since I was a kid. Don't get me wrong. I am the daughter of the soil scientist / agronomist. The US government sent my dad to educate scientists in Mexico. He said that Mexico is so rich as well- thanks to oil. Unfortunately, the Mexican government is too corrupted.
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Yes, for awhile Mexico was our #2 oil importer, after Canada being #1. It has dropped down to #3, while Venezuela is #2 and Saudi Arabia at #4.

I agree, Mexico is quite corrupt. They have a lot of potential. Drugs, corruption, cultural acceptance and such holds them back.
 
deafskeptic said:
There's a reason why so many have him on ignore. He'll say that it's because we can't debate him on his blog. I find it very hard to be polite to him. I'm usually a lot more respectful to other conservatives than I am toward him.
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Can't debate in my blog?? What does that have to do with AD? Nothing.

I come here to express my opinions, arguments and facts to support my reasonings. Plus to have some fun, too. I do have strong opinions but I certainly do not go around openly in AD complain about other AD members. Best to keep your complaints private than to mewl unnecessarily. Otherwise continue to put me on ignore. I've no problem with that. And why should I? :dunno:
 
We need oil until we can find a suitable replacement for it. If we legislate oil use away without anything to replace it, that will collapse the economy. How can we do the R&D necessary to innovate a replacement for oil in a collapsed economy?

Many environmentalists have it backwards- a wealthier society is better for the environment. Someone mentioned the horrible pollution in China that we're lucky to not have here. That's no accident. Only a wealthy society has the resources to develop and implement environmentally sound technology. Poor countries like India and China where people are struggling just to survive don't have time to worry about pollution and the environment. That's a luxury for the wealthy nations.

Should we drill here? Of course. It's good not only for the economy, but also the environment. It's a lot riskier to ship in oil than it is to pipe it in and we have some very clean drilling technology. It's best in the short term and the long term.
 
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