US oil industry has crashed, Obama is paying Brazil to drill and sell us oil

It is improving BOTH economies. Do not try and deny that American jobs are being supported by this export deal. The MONEY is being "given" to purchase American equipment and resources. Do you conviniently leave that part out? This is an agency that specializes i forign trade. I understand your hate of Obama is clouding your judgement, but do not leave out the facts to further your cause.

If you look at this agencies website as I sourced, you will see there are dozens of deals i progress already, including nearly haf a billion dollars of work helicopters to Trinidad and Tobago.

This has nothing to do with BAILING out a foreign indusry. When you wangt to buy a home, car, or start a business, you go to the bank for a loan. That is what this is, a simple bank transaction to purchase American goods, which supports American jobs.

Every industrial country on Earth is doing the same thing right now.

This agency has done business for seventy five years. Thats means this business went on during every president back to the Great Deression and during it. Thats what is known as International trade. Are you proposing we suspend all international trade?

I have allready given you possible solutions for the economic situations in your community. What I dont see is any one of you reccomending any other productive solutions.

This business transaction is unrelated to any domestic problems.

[edit on 8/20/2009 by DYepes]

TO EVERYONE WHO DRIVES A VEHICLE.

Let me tell you something about speculators! They are a breed who will be no longer when the main stream public gets wind of what they are doing. On top of a diminishing economy, war and who knows what else, you still have a buch of greedy basturds sitting in an office or on a yacht somewhere telling lies and jacking up the price of oil just to make a profit. The profit is being made on the backs of the middle and lower class familes that are struggling like you could not believe. They are sacrificing things you can not imagine just to put gas in their cars to get to work, if they have a job right now. Things that you just don't see because they, the speculators and the Wall Street Club never go to small town USA anymore. They only see in Black ink or in RED.

To all of you Speculators and you all know who you are, you need to look at what you are doing before you do it. You need to look at who you are doing it too before you are do it.

The PEOPLE ARE GETTING TIRED of the greedy basturds!!!!!!!!!!!!!!!!!

All of you!!!!


Eye of Eagle

That was a colorful outburst. Frankly however, the driving force in petrol prices is the increased demand from a developing world of over two billion seeking to sustain a standard of living westterners have enjoyed since the end of world war two.

Alot of things in our cities and home and automobiles are made from petrol production, primarily plastics ad chemicals, too which all of our homes, autos, and cities are just full of. Now tha the oother side of the world (China, India, asia-pacific and central asia) thatt is an added 3 billion + people who will be seeking products and conviniences made of petrol. Thats is going to put a huge burden on suppply, which causes price to go up.

Anyways, thats another topic.

Originally posted by getreadyalready
Another $2B to another country while our unemployment rate steadily rises? Why not give it to an American company for exploration? Oh ya, they are posting record profits, they don't need it! So why give it away at all? Why not give $1M to 20 alternative energy companies and let the rest of the world fight over oil?

Bad decision making in government is the sadly the best-case explanation! The worst-case and more likely explanations can be found in 100's of threads here on ATS.

The cure to our oil woes.

100,000 gal. per acre per yr in the desert

All US fuel needs could be met with a land area the size of 10% of the
state of Mexico.

New Mexico - 121,600 sq. miles

We have more than enough desert to get the job done.

Sonoran Desert - 120,000 sq. miles

Mojave desert - 22,000 sq. miles

Great Basin Desert - 190,000 sq. miles

The Chihuahuan Desert - 121,000 sq. miles ( some in mexico )

All that is needed is a total around 12,000 sq. miles.

A lot of these deserts have little or no life and are not used.

This is the easiest solution at this time and would return the US
back to being a productive nation.

The deserts in North Africa and the Middle East would take care of
the rest of the planet.

DYepes

I for one would like to Thank You for the Info. ,references and for being astute enough to recognize how and why this "Loan" will be playing a vital
roll in increasing jobs and trade in the U.S.A.(in turn help stimulate the economy)

Like it or not this IS the way big business "rolls".

Whether the average Joe comprehends the workings of International Business or not won't matter when he's bringing in a pay check again.

A little information on Petrobras America Inc.


05/06/2009
PETROBRAS IS THE WORLD'S FOURTH MOST REPUTABLE COMPANY
Petrobras surged from the twentieth to the fourth place among the world's most reputable companies.


www.petrobras-usa.com...

this is new info to me. i live in central oklahoma and have good ties to oil and gas.

oil and gas has always been high risk, high reward. 1 out of 10 make little to no money, with about 1 in 5 being a "dry hole."
thats the way it's been for as long as the old drillers and tool pushers that i know can remember.

scare tactics, gotta love em.

We will drill again when the price of the barrel is high enough and when they know that Obama won't try to nationalize oil.

Think I'm crazy?

I don't care.

Originally posted by DYepes
That was a colorful outburst. Frankly however, the driving force in petrol prices is the increased demand from a developing world of over two billion seeking to sustain a standard of living westterners have enjoyed since the end of world war two.

This accounts for the long term rise, but not the crazy speculator-driven spikes we have seen recently.

I think the OP answered you perfectly above when they pointed out that the same money used to develop U.S. off shore oil would all benefit Americans, and not be shared with another country.

We have no obligation to put any foreign country before the needs of this country.

OK, so you support Obama! Your support doesn't have to be blind ...

I agree centurion with offshore drilling here in our country as well. I live in Florida and support the measure. However, that is a domestic financing issue and does not apply to the Ex-Im's financing for the sales of Industrial equipment to foreign buyers.

Anyone who wanted to drill in the gulf of mexico would seek financing through other means, not through the Ex-Im. The Ex-Im bank has an exclusive process and clientele for good reasons. If noone is applying for financing to drill the gulf, then talk to private drilling companies and dont put the blame on the government.

Dont mess with my President!