Obama Underwrites Offshore Drilling (Too bad it's not in U.S. waters.)
<p>You read that headline correctly. Unfortunately, the Obama Administration is financing oil exploration off Brazil.</p>
<p>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.</p>
Original Article: Forum: News/Activism
Tags: Billions Of Dollars, Brazilian Officials, De Janeiro Brazil, Discovery, James Jones, National Security Adviser, Offshore Drilling, Oil Company, Oil Exploration, Oil Field, Rio De Janeiro, Rio De Janeiro Brazil, Santos Basin, Tupi, White House