the Obama Administration is financing oil exploration off Brazil. 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. The U.S. Export-Import Bank tells us it has issued a "preliminary commitment" letter to Petrobras in the amount of $2 billion and has discussed with Brazil the possibility of increasing that amount. Ex-Im Bank says it has not decided whether the money will come in the form of a direct loan or loan guarantees. Either way, this corporate foreign aid may strike some readers as odd, given that the U.S. Treasury seems desperate for cash and Petrobras is one of the largest corporations in the Americas. But look on the bright side. If President Obama has embraced offshore drilling in Brazil, why not in the old U.S.A.? The land of the sorta free and the home of the heavily indebted has enormous offshore oil deposits, and last year ahead of the November elections, with gasoline at $4 a gallon, Congress let a ban on offshore drilling expire. The Bush Administration's five-year plan (2007-2012) to open the outer continental shelf to oil exploration included new lease sales in the Gulf of Mexico. But in 2007 environmentalists went to court to block drilling in Alaska and in April a federal court ruled in their favor. In May, Interior Secretary Ken Salazar said his department was unsure whether that ruling applied only to Alaska or all offshore drilling. So it asked an appeals court for clarification. Late last month the court said the earlier decision applied only to Alaska, opening the way for the sale of leases in the Gulf. Mr. Salazar now says the sales will go forward on August 19. This is progress, however slow. But it still doesn't allow the U.S. to explore in Alaska or along the East and West Coasts, which could be our equivalent of the Tupi oil fields, which are set to make Brazil a leading oil exporter. Americans are right to wonder why Mr. Obama is underwriting in Brazil what he won't allow at home.

Very interesting Iceman, I question this myself.  It seems to me what's good in Brazil should be good in the U.S.A.

The states, environmentalists and fishermen have a whole lot to say on this.   Currently there are battles from opposing sides in Florida as we speak on whether to allow offshore drilling or not.  

  Maybe you should consider that when you start laying blame, wondering, and complaining. 

 

Bay State faces political reality of offshore drilling By Carolyn Y. Johnson and Lisa Wangsness Globe Staff / September 16, 2008 Email| Print| Single Page| Yahoo! Buzz| ShareThisText size – +

 Environmentalists and fishermen, who pitched hard-fought battles in the 1970s and 1980s to protect New England's prime fishing grounds from offshore drilling, say they are dismayed to learn that new legislation, to be voted on as early as today in Washington, could open Georges Bank to oil and gas companies.

 Changes in technology and the political atmosphere have made drilling a political reality once again, despite failed explorations off Massachusetts a generation ago. House Speaker Nancy Pelosi, facing political pressure from high gas prices and a struggling economy, has backed off her emphatic opposition to offshore drilling.

 With a congressional drilling ban set to expire Sept. 30, she announced the outlines of a proposal last week that would, with state approval, allow drilling as close as 50 miles from shore on both coasts, although Massachu setts is not likely to allow that, the state's top environmental official said.

 Even without a state's OK, the legislation would allow drilling 100 miles offshore.

 If the ban expires, drilling would be legal as close as 3 miles from shore.

 That brings into range Georges Bank, a vast underwater plateau that starts roughly 70 miles off of Cape Cod and stretches toward Nova Scotia. Fabled for its abundance of cod and other groundfish, the waters have been overfished, though a federal report last month concluded that the haddock population had bounced back.

The Senate is considering a different proposal that would also expand drilling but not in waters off Massachusetts. Offshore drilling, on Georges Bank and elsewhere, is bad policy, environmentalists and many fishermen argue.

 "Basically, it's keeping us stuck addicted to oil and in the energy past," said Warner Chabot, vice president of the environmental group Ocean Conservancy.

Others said public opposition to drilling has diminished. "The conventional wisdom had been for 25 years that drilling was unpopular in the states off the outer continental shelf, Florida, North Carolina, Virginia," said Paul Bledsoe, director of communications and strategy for the bipartisan National Commission on Energy Policy.

 "But high oil and gasoline clearly changed public opinion and changed it pretty quickly." Georges Bank was last explored for oil and gas in the early 1980s, when oil companies drilled eight test wells without making significant discoveries. But according to a 2006 estimate by the Minerals Management

Service of the US Department of the Interior, there is a 95 percent probability that the entire North Atlantic region, which stretches from Maine to New Jersey, has 570 million barrels of oil, enough to fuel the country for about 27 days, and 7.2 trillion cubic feet of natural gas, about a third of the total natural gas consumption each year in the United States.

 Here is another one and there are dozens of them Iceman and Goldiec.    

 There are just as many fighting offshore drilling as they are wanting it here in America.   

 Who wins will likely depend on the who puts out the most money donating to our reps campaigns.

You want to blame someone if drilling is not allowed, how about blaming who is really responsible ? 

  Try the corporations and organizations that buy votes and the congress members that accept the pay-offs !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 

 

 

Keep Offshore Drilling Out of Climate Change Legislation :

 Oceana In an effort to pass his climate change bill, Senator Kerry has mentioned he would be willing to accept offshore drilling in previously protected areas in a race for 60 supporting votes.

 Unfortunately, if Congress follows through on its threat to expand drilling, the climate bill may be so weakened by compromise that it does more harm than good.

 Even though Big Oil likes to brag about its new "safe and clean" drilling technology, accidents still happen.

 A brand new rig in the Timor Sea dumped millions of gallons of oil off the Australian coast for more than 70 days, putting marine wildlife and local residents at risk.

Tell President Obama that more offshore drilling has no place in climate legislation and ask him to send the message to Congress that he will not accept a climate package which perpetuates our addiction to fossil fuels and sacrifices our oceans.

Once again, the old IQ not quite up to the task pantsonfire?? the thug is loaning TAXPAYER MONEY, no where in the article did it say he was loaning his $$ but again as always try to steer the subject away from your idol.

Who the heck cares what money is loaned, it doesn't cost the taxpayers anything for LOANS.  

The borrower pays back the loans plus interest so it is making money.

I thought you were complaining about them drilling there but not here.  My mistake.

And I don't have an idol Iceman,  I just like fairness,  I took up for Bush also when he was blamed for stuff when the blame should have gone elsewhere.     I'll do the same for the next President whoever that may be.

Nothing is ever accomplished by laying blame, unless it is placed where it belongs.

when did the last nation pay back anything, especially in south america?

  I don't know of any that did not pay back their loans.  

 

First of all ... it is NOT his money to loan!  It is OUR money.  He has no right to do this, and historically ... we NEVER get paid back.  It is nothing but SOCIALISM!!!!!!!!!!!!!!!!!!!!!!!!

Barbara Jones:

  I don't know of any that did not pay back their loans.  

 

 

 

Magoo you lump everything you don't like as socialism,  and you are so way off base sometimes it really is odd.

Socialism Magoo means government ownership and does not allow private ownership and industry. 

If private industry is providing services just because a government whether local, state, or Federal provides some rules and regulations does not make it socialism.

Also the government loaning money and charging interest is a method for them to make money and yes the government always makes darn sure they get paid back.

You don't like taxes so you should be supportive of any means the government comes up with to make income otherwise your complaint about taxes is unrealistic.  

 It is like telling someone to pay for thier own stuff but then telling them they can not do anything to earn the money to pay for it themselves.  

DUHHHHHHHHHHHHHHH  

Barbara, and once again you demonstrate your ignorance .... Socialism is redistribution of wealth.  That is when the government steals my money and gives it to someone else.  You know, it is what your savior is so big on doing to all of us.

Barbara Jones:

 

Magoo you lump everything you don't like as socialism,  and you are so way off base sometimes it really is odd.

Socialism Magoo means government ownership and does not allow private ownership and industry. 

If private industry is providing services just because a government whether local, state, or Federal provides some rules and regulations does not make it socialism.

Also the government loaning money and charging interest is a method for them to make money and yes the government always makes darn sure they get paid back.

You don't like taxes so you should be supportive of any means the government comes up with to make income otherwise your complaint about taxes is unrealistic.  

 It is like telling someone to pay for thier own stuff but then telling them they can not do anything to earn the money to pay for it themselves.  

DUHHHHHHHHHHHHHHH  

 

 

 You really do need to look up the definition of socialism Magoo.  None of the definitions of socialism say anything about TAXES. 

If the government owns then they are collecting profits directly, and not just collecting a percentage of profit from private owned industries.    DUHHHHHHHHHHHHHHHHHHH 

 Here I will help you out. 

Definitions of socialism on the Web:

• a political theory advocating state ownership of industry
• an economic system based on state ownership of capital
  

Just shows everyone you can't support your views.  

 

Keep posting those pictures.  

Try reading a book:

 

http://mises.org/books/socialism/contents.aspx

Barbara Jones:

 

 You really do need to look up the definition of socialism Magoo.  None of the definitions of socialism say anything about TAXES. 

If the government owns then they are collecting profits directly, and not just collecting a percentage of profit from private owned industries.    DUHHHHHHHHHHHHHHHHHHH 

 Here I will help you out. 

Definitions of socialism on the Web:

• a political theory advocating state ownership of industry
• an economic system based on state ownership of capital
  

Just shows everyone you can't support your views.  

 

Keep posting those pictures.  

Barbara Jones:

 

 You really do need to look up the definition of socialism Magoo.  None of the definitions of socialism say anything about TAXES. 

If the government owns then they are collecting profits directly, and not just collecting a percentage of profit from private owned industries.    DUHHHHHHHHHHHHHHHHHHH 

 Here I will help you out. 

Definitions of socialism on the Web:

• a political theory advocating state ownership of industry
• an economic system based on state ownership of capital
  

Just shows everyone you can't support your views.  

 

Keep posting those pictures.  

 

  Why don't you try reading a book that is not authored by Mises or one of his coharts once in awhile.

  I actually did try reading Mises, but in just the first few pages I saw several grevious errors in his way of thinking, I also saw many very wise and accurate views, but I did not need to read his book to be aware of those things, I already am aware of them.

  One thing that stood out very clearly is that Mises bases his assumptions on a false belief that all laws originated from responses to violence and that is just plain false.    Many laws were developed as responses to violence, but just as many laws were developed thru arbritration and agreement on how to settle disputes in order to avoid violence.

  Broaden your views a bit instead of relying solely on the extremely biased  and rather limited and sometimes unrealistic viewpoints of Mises and his coharts.

 

I can see how you got the name icebrain...oops, sorry Iceman. (an unintentional slip of the keyboard.)  We are, and need to end the world's dependence on fossil fuels (or at least reduce it dramaticlly. The window of opportunity is closing fast...

Or you can just go sit by a hillside and wait for the second-coming. "I just hope he brings a second planet with him. We'll need it..and sooner than you think.

 

 

the iceman:

the Obama Administration is financing oil exploration off Brazil. 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. The U.S. Export-Import Bank tells us it has issued a "preliminary commitment" letter to Petrobras in the amount of $2 billion and has discussed with Brazil the possibility of increasing that amount. Ex-Im Bank says it has not decided whether the money will come in the form of a direct loan or loan guarantees. Either way, this corporate foreign aid may strike some readers as odd, given that the U.S. Treasury seems desperate for cash and Petrobras is one of the largest corporations in the Americas. But look on the bright side. If President Obama has embraced offshore drilling in Brazil, why not in the old U.S.A.? The land of the sorta free and the home of the heavily indebted has enormous offshore oil deposits, and last year ahead of the November elections, with gasoline at $4 a gallon, Congress let a ban on offshore drilling expire. The Bush Administration's five-year plan (2007-2012) to open the outer continental shelf to oil exploration included new lease sales in the Gulf of Mexico. But in 2007 environmentalists went to court to block drilling in Alaska and in April a federal court ruled in their favor. In May, Interior Secretary Ken Salazar said his department was unsure whether that ruling applied only to Alaska or all offshore drilling. So it asked an appeals court for clarification. Late last month the court said the earlier decision applied only to Alaska, opening the way for the sale of leases in the Gulf. Mr. Salazar now says the sales will go forward on August 19. This is progress, however slow. But it still doesn't allow the U.S. to explore in Alaska or along the East and West Coasts, which could be our equivalent of the Tupi oil fields, which are set to make Brazil a leading oil exporter. Americans are right to wonder why Mr. Obama is underwriting in Brazil what he won't allow at home.

Barbara Jones:

  Why don't you try reading a book that is not authored by Mises or one of his coharts once in awhile. Been there ... done that.

  I actually did try reading Mises, but in just the first few pages I saw several grevious errors in his way of thinking, I also saw many very wise and accurate views, but I did not need to read his book to be aware of those things, I already am aware of them.  

  One thing that stood out very clearly is that Mises bases his assumptions on a false belief that all laws originated from responses to violence and that is just plain false.    Many laws were developed as responses to violence, but just as many laws were developed thru arbritration and agreement on how to settle disputes in order to avoid violence.  JC Barbara ... IT IS THE SAME FVCKING THING!  Were you dropped on your head as a child?

  Broaden your views a bit instead of relying solely on the extremely biased  and rather limited and sometimes unrealistic viewpoints of Mises and his coharts.  Been there ... done that ... you can't even read more than a few pages of a book that may go against your beliefs before your mind shuts down.  Pathetic.  I finish every book I start to read ... no matter how much it goes against sound logic and reasoning.

 

 

shytty09 oops, slip too, still love you on the reruns of cops being dragged out of the little single-wide you call a flat! As usual you engaged keyboard before engaging that festering glob between your ears! how will Brazil's drilling reduce demand, when it is intended to increase supply!! stick with the things you know very little about, like global warming and stay away from the things you know absolutely nothing about, like politics, the world, government....

Seti03:

I can see how you got the name icebrain...oops, sorry Iceman. (an unintentional slip of the keyboard.)  We are, and need to end the world's dependence on fossil fuels (or at least reduce it dramaticlly. The window of opportunity is closing fast...

Or you can just go sit by a hillside and wait for the second-coming. "I just hope he brings a second planet with him. We'll need it..and sooner than you think.

 

 

the iceman:

the Obama Administration is financing oil exploration off Brazil. 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. The U.S. Export-Import Bank tells us it has issued a "preliminary commitment" letter to Petrobras in the amount of $2 billion and has discussed with Brazil the possibility of increasing that amount. Ex-Im Bank says it has not decided whether the money will come in the form of a direct loan or loan guarantees. Either way, this corporate foreign aid may strike some readers as odd, given that the U.S. Treasury seems desperate for cash and Petrobras is one of the largest corporations in the Americas. But look on the bright side. If President Obama has embraced offshore drilling in Brazil, why not in the old U.S.A.? The land of the sorta free and the home of the heavily indebted has enormous offshore oil deposits, and last year ahead of the November elections, with gasoline at $4 a gallon, Congress let a ban on offshore drilling expire. The Bush Administration's five-year plan (2007-2012) to open the outer continental shelf to oil exploration included new lease sales in the Gulf of Mexico. But in 2007 environmentalists went to court to block drilling in Alaska and in April a federal court ruled in their favor. In May, Interior Secretary Ken Salazar said his department was unsure whether that ruling applied only to Alaska or all offshore drilling. So it asked an appeals court for clarification. Late last month the court said the earlier decision applied only to Alaska, opening the way for the sale of leases in the Gulf. Mr. Salazar now says the sales will go forward on August 19. This is progress, however slow. But it still doesn't allow the U.S. to explore in Alaska or along the East and West Coasts, which could be our equivalent of the Tupi oil fields, which are set to make Brazil a leading oil exporter. Americans are right to wonder why Mr. Obama is underwriting in Brazil what he won't allow at home.

I'm not the one that watches COPS. I watch and follow much more mundane things like, politics, the world, government, and yes...climate change. Some people need to get their heads out of the tar sands.

Yes, I agree ... the climate does change ... in accordance with the SUN!  Humans influence on global temperatures are insignificant.  The politicians are using a naturally occuring event to tax us to death.  I'd be more concerned about how all governments kill their own citizens ...

Seti03:

I'm not the one that watches COPS. I watch and follow much more mundane things like, politics, the world, government, and yes...climate change. Some people need to get their heads out of the tar sands.

 

and some, like you need to get their head out of the hole between their butt cheeks!! you don't need to watch cops when you appear on it so often!!!

Seti03:

I'm not the one that watches COPS. I watch and follow much more mundane things like, politics, the world, government, and yes...climate change. Some people need to get their heads out of the tar sands.