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The Web gets “stickier”…..
George Soros’ new investment Petrobras of Brazil……Lula Da Silva and Obama……Hmm.
Read this:
Petrobras (NYSE: PBR), Brazil’s state-run oil company, said it expects to produce oil from its Cascade and Chinook fields in the Gulf of Mexico later this year, after the wells were impacted by the government-imposed moratorium on deepwater drilling in the Gulf.
Petrobras owns all of the Cascade field after acquiring Devon Energy’s (NYSE: DVN) stake. Petrobras owns two-thirds of Chinook while France’s Total (NYSE: TOT ) owns the remaining third.
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So American Gulf oil-rig workers and the support staff sit on the sidelines while Petrobras, a STATE- RUN company will produce oil from the GULF OF MEXICO…..with Sarkozy and France right behind them.
Drilling Moratorium cripples Gulf Economy- Obama Watch- Business
July 19, 2010
The Gulf oil spill is delivering a crushing blow to coastal residents and businesses, but Washington’s response threatens to place additional hardships on the Gulf region that could jeopardize our national energy security. In the wake of the accident, President Obama first halted work in the deep water Gulf and then suspended 33 existing deepwater projects. A temporary pause to inspect these deepwater drilling rigs was warranted; an outright ban will cripple the already struggling Gulf Coast community. Now that the BP well has been capped and a permanent solution to the leak is on the way, the president should re-evaluate his hasty and politically motivated decision to issue a deepwater drilling moratorium.
After a federal judge struck down the first moratorium, Interior Secretary Ken Salazar rushed to issue a second moratorium. While less stringent in theory, this latest effort will be just as harmful to the Gulf Coast in reality. President Obama explained he wants to prevent another environmental disaster, but he neglects to address the economic disaster now facing the region – tens-of-thousands of Americans employed in the energy industry in the Gulf who could lose their jobs due to the moratorium, a number that will escalate if new drilling projects are not allowed to proceed.
Even worse, the president’s actions have now caught on with his foreign counterparts, as EU Energy Commissioner Guenther Oettinger told reporters after talks this week with oil companies that “a moratorium of new drillings [in Europe] would be a good idea.” With their prospects dimmed both here and abroad, energy companies will have no choice but eliminate thousands of jobs – some permanently.
Goaded by powerful anti-energy interests and the national environmental lobby, some lawmakers are even pushing for a permanent ban on offshore drilling.
Read more: http://dailycaller.com/2010/07/19/drilling-moratorium-spells-economic-disaster-in-the-gulf/#ixzz0yBRFW8gN
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China, Cuba reported in Gulf oil partnership
May 9, 2006
NEW YORK (CNNMoney.com) - Plans for foreign oil companies, some from India and China, to drill off the cost of Cuba are prompting calls from lawmakers to ease environmental restrictions that prohibit coastal drilling in most of the U.S., according to a report Tuesday.
At a time of rising soaring gasoline prices caused partly by a lack of supply, legislators are fuming that Cuba is opening up its continental shelf for oil and gas exploration while most of the U.S. continental shelf outside the Gulf of Mexico, which extends 200 miles from shore, has been off limits for drilling since the early 1980s, the New York Times reported.
Adding insult to injury, the Times said U.S. firms were invited to bid on the Cuban contracts, but were barred by the U.S. government due to the country’s longstanding economic embargo of communist Cuba.
“Red China should not be left to drill for oil within spitting distance of our shores without competition from U.S. industries,” Sen. Larry Craig, Republican of Idaho, told the Times.
Firms from Canada and Spain will also drill off the Cuban coast, the article said.
[...]
The United States Geological Survey estimates the Cuban deal involves 4.6 billion barrels of oil and 9.8 trillion cubic feet of natural gas, according to the Times. The paper said that’s enough oil and gas to power the U.S. for a few months.
The paper also cited an Interior Department study that said the U.S. continental shelf contained 115 billion barrels of oil and 633 trillion cubic feet of natural gas. That would be enough oil to satisfy U.S. demand, at current consumption levels, for 16 years and enough natural gas for 25 years, according to the Times.
http://money.cnn.com/2006/05/09/news/economy/oil_cuba/index.htm
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Okay China gets to “explore”…….oil is FOUND……then what?
What contracts/agreements were made between Cuba and China?
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*****UPDATE!*****’
U.S., Cuba, Mexico urged to cooperate on Gulf drilling
By Marc Frank
HAVANA | Wed Aug 25, 2010
(Reuters) – Cuba’s oil industry wants to work with its counterparts in the United States and Mexico to promote safe drilling practices and avoid the kind of well blowout and spill seen recently in the Gulf Of Mexico, a leading drilling industry expert said on Wednesday.
Lee Hunt, President of the Houston-based International Association of Drilling Contractors, told Reuters during a visit to Havana he would like to see Cuba’s state oil company join the organization to be able to exchange information with its neighbors on drilling techniques, safety and regulation.
“Cubapetroleo (CUPET) is interested in joining and we have an interest in them being a member of the international drilling community,” Hunt said in an interview, after two days of talks in Cuba with local industry officials and regulators.
[.....]
Cuba currently produces about 60,000 barrels of oil per day (bpd), all from onshore wells. It receives about 115,000 bpd from ally Venezuela on favorable terms.
The China-built drilling rig is expected to arrive in Cuban waters early next year and companies have begun preparations to drill once the Scarabeo 9 rig gets to the island.
Cuba has divided its share of the Gulf into 59 blocks, 21 of which are already under lease to seven companies.
Diplomats in Havana have said Malaysia’s Petronas is also planning to use the China-built rig. Venezuela’s state oil company PDVSA has said it plans to sink its first exploratory well in Cuba’s offshore next year.
Other companies with blocks there are Vietnam state oil and gas group Petrovietnam and Brazil’s Petrobras, while firms from Russia, China and Angola are in the process of negotiating exploration rights.
http://www.reuters.com/article/idUSTRE67O44A20100825
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Obama Said to Consider Easing Educational Travel to Cuba
President Barack Obama may ease travel restrictions on Cuba, allowing more Americans to visit the island on educational and cultural trips, said a U.S. official who declined to be named because he isn’t authorized to speak on the subject.
Obama first loosened travel rules on Cuba last year, making it easier for Cuban-Americans to visit and send money to relatives on the Caribbean island in a bid to help “promote the freer flow of information,” according to a White House statement. The official didn’t give additional details on what the changes would be.
Current rules allow Americans to travel to Cuba on educational and cultural trips if they are students or employees at qualifying universities and meet a set of additional requirements, such as doing research toward a graduate degree. All Cuba travel must be approved by the Treasury Department’s Office of Foreign Assets Control. The broader travel ban is designed to isolate the Castro regime and keep hard currency out of the country.
Asked if the administration is considering easing the travel rules, Michael Hammer, a spokesman for the White House National Security Council, said in an e-mail yesterday: “We will continue to pursue policies that advance the U.S. national interest and support the Cuban people’s desire to freely determine their country’s future.”
Wider Travel Ban
A move to allow increased educational travel may encourage lawmakers to repeal a wider ban forbidding American travel to Cuba if Obama signals his support for the measure, said Ted Piccone, a Latin American specialist at the Brookings Institution, a policy research organization in Washington. Co- sponsors of bills in both houses of Congress to end the 47-year ban have said legislation may pass this year.
“The Democrats need cover from the White House,” Piccone said yesterday. “If they can’t do it now they’re never going to do it.”
Read more here……..
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****Free travel restrictions from America to Cuba……THIS comes to mind.
Venceremos Brigade anyone?
READ THIS at blue link below:
Venceremos Brigade ties to Radicals in America and Cuba
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How many (increased) shares of Petrobras has Soros bought?
Do the Obamas own any shares of Petrobras?
Mr. Obama…..YOUR RESPONSE?
Eased travel restrictions for Cuba/America.
The China-built drilling rig is expected to arrive in Cuban waters early next year.
Diplomats in Havana have said Malaysia’s Petronas is also planning to use the China-built rig. Venezuela’s state oil company PDVSA has said it plans to sink its first exploratory well in Cuba’s offshore next year.
Obama considering easing travel restrictions between Cuba and the U.S.
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HAD ENOUGH AMERICA?
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[...] Remember Petrobras? George Soros’ New Investment? Obama Puts Moratorium on US Drilling, Yet….. [...]
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[...] Remember Petrobras? George Soros’ New Investment? Obama Puts Moratorium on US Drilling, Yet….. [...]
[...] Remember Petrobras? George Soros’ New Investment? Obama Puts Moratorium on US Drilling, Yet….. [...]
[...] Remember Petrobras? George Soros’ New Investment? Obama Puts Moratorium on US Drilling, Yet….. [...]
[...] Remember Petrobras? George Soros’ New Investment? Obama Puts Moratorium on US Drilling, Yet….. [...]