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Default Obama Underwrites Offshore Drilling

On Nov 18, 8:28*pm, Tom Francis - SWSports
wrote:
in Brazil...

http://online.wsj.com/article/SB1000...57434661012052...

Huh - how about that...


"You read that headline correctly. Unfortunately, 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. "

Stimulus at its finest, no?
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