Ruh roh raggy!

[biblethumper]

Hot Air » Blog Archive » Good news: Obama backs off-shore drilling! Update: A Soros connection?

I would like to see you defend this.

[Underhill]

Originally Posted by biblethumper

Hot Air » Blog Archive » Good news: Obama backs off-shore drilling! Update: A Soros connection?

I would like to see you defend this.

According to the bank they loaned them the money so they could buy US made equipment. It's a fairly common thing for Exim to do.

Originally Posted by Exim.com

Ex-Im Bank is the official export-credit agency of the United States. The independent, self-sustaining federal agency, now in its 75th year, helps to create and maintain U.S. jobs by financing the sale of U.S. exports, primarily to emerging markets throughout the world, by providing loan guarantees, export-credit insurance and direct loans.

Next.

[biblethumper]

Originally Posted by Underhill

According to the bank they loaned them the money so they could buy US made equipment. It's a fairly common thing for Exim to do.



Next.

My bad undertheinfluence, I thought you could read if you can here is the point



This seems odd in several ways. For this particular administration to offer billions in loans to a foreign oil company makes a mockery of a number of Obama talking points. First, why does Petrobas need loan guarantees to pursue its exploration? As the WSJ notes, it is a very large corporation, which should have the resources to get to the oil on its own. Obama, who has ripped American corporations for their supposed subsidies in American tax policy, now wants to use an empty Treasury to give cash to a Brazilian oil company.
Next, Obama keeps insisting that we cut back on our use of fossil fuels. He and his allies in Congress have blocked exploration of American oil fields off both shores for decades, and Obama insists that we would only keep enabling our oil addiction if we started drilling off of our own coasts. Yet he has no trouble committing $2,000,000,000 of our money for Brazil to drill off its own coast.
Here’s a proposal: Let American companies do what Obama is paying Brazilian companies to do — drill offshore. We won’t have to pay them money or float them any loans to do it, either. In fact, we will make money off of the leases, while the effort creates hundreds of thousands of high-paying jobs in the US, creating more tax revenue rather than emptying out the Treasury.

[Underhill]

Originally Posted by biblethumper

My bad undertheinfluence, I thought you could read if you can here is the point



This seems odd in several ways. For this particular administration to offer billions in loans to a foreign oil company makes a mockery of a number of Obama talking points. First, why does Petrobas need loan guarantees to pursue its exploration? As the WSJ notes, it is a very large corporation, which should have the resources to get to the oil on its own. Obama, who has ripped American corporations for their supposed subsidies in American tax policy, now wants to use an empty Treasury to give cash to a Brazilian oil company.
Next, Obama keeps insisting that we cut back on our use of fossil fuels. He and his allies in Congress have blocked exploration of American oil fields off both shores for decades, and Obama insists that we would only keep enabling our oil addiction if we started drilling off of our own coasts. Yet he has no trouble committing $2,000,000,000 of our money for Brazil to drill off its own coast.
Here’s a proposal: Let American companies do what Obama is paying Brazilian companies to do — drill offshore. We won’t have to pay them money or float them any loans to do it, either. In fact, we will make money off of the leases, while the effort creates hundreds of thousands of high-paying jobs in the US, creating more tax revenue rather than emptying out the Treasury.

Which part of "independent, self-sustaining federal agency" don't you understand? And the company will get the funds one way or another. But this loan guarantees they buy a large percentage of their equipment from us, meaning more jobs in the US.

[clownboy]

Btw, serious question, do we still have American oil companies?

[Underhill]

Originally Posted by clownboy

Btw, serious question, do we still have American oil companies?

In the sense that their headquarters are here yes. But most of these companies are true multinationals with deals going all over the globe.

I heard a guest on a radio show talking about how Ford wouldn't place pro American adverts during WW2 because he had plants in Europe making equipment for Hitler. He wanted to hedge his bets so he come down on the right side of whomever won the war.

It made me wonder, if we ended up in a major war, would any of these multinationals back us? Because oil could make or break a countries military overnight.

[biblethumper]

Originally Posted by Underhill

Which part of "independent, self-sustaining federal agency" don't you understand? And the company will get the funds one way or another. But this loan guarantees they buy a large percentage of their equipment from us, meaning more jobs in the US.

A few, but open up the coasts to drilling, and the gulf, open some refineries, now we are talking job creation.

[Tom Joad]

Originally Posted by biblethumper

A few, but open up the coasts to drilling, and the gulf,

Fuck you, let's open up Ohio as a hazardous waste dump.

[biblethumper]

Originally Posted by Tom Joad

Fuck you, let's open up Ohio as a hazardous waste dump.

How bout your head it's got plenty of room! and yeah I'd back that up, ya ninny

[Tom Joad]

Originally Posted by biblethumper

How bout your head it's got plenty of room! and yeah I'd back that up, ya ninny

How about your head?

Oh wait, it already is.

[Underhill]

Originally Posted by biblethumper

A few, but open up the coasts to drilling, and the gulf, open some refineries, now we are talking job creation.

A drop in the bucket. Most of those crews are already hard at work. If you think Exxon has any of their boys collecting unemployment you are dreaming. They are drilling all over the world.

Besides which, let's just say we are headed for a major shortage of oil. Everyone with half a brain agrees this would be catastrophic. What should we do? Drill for everything we can now or wait and use foreign oil as long as possible leaving ourselves a bit of a cushion domestically?

[potter]

Originally Posted by biblethumper

A few, but open up the coasts to drilling, and the gulf, open some refineries, now we are talking job creation.

You think the republican govenors of any of those coastal states would allow offshore drilling in their back yards.

(absolutely not...even Jebb Bush wouldn't allow it)