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Published:September 14th, 2009 08:35 EST
Offshore Drilling Paradoxes

Offshore Drilling Paradoxes

By Rob Roy

Alternative energy powerhouse Brazil finds big oil

Brazil, long proud of its push to develop renewable energy and wean itself off oil, has a bad case of fossil-fuel fever. 

An enormous offshore field in territorial waters " the biggest Western Hemisphere oil discovery in 30 years " has Brazilians saying, "Drill, baby, drill" ... [snip]

Sergio Leitao, director of public policies for Greenpeace Brasil. "Brazil is no longer seriously looking at alternatives [in energy]." [snip]

[So what is happening to Brazil?  Who is corrupting the Brazilians?]

Obama Underwrites Offshore Drilling
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 ... [snip]

[Note that such a bill involved the House and Senate, both run by the Democratic Party.]


Soros Invests $811 Million In Brazilian Oil

London: Billionaire investor George Soros bought an $811 million stake in Petroleo Brasileiro (Petrobras) in the second quarter, making the Brazilian state-controlled oil company his investment fund`s largest holding. [snip]

[So what is going on here?  Harry Reid and his senate are helping Petrobras Oil.  Nancy Pelosi and her House are helping Petrobras Oil.  The President his helping Petrobras Oil.  They claim they want to make the US energy dependent and use US tax money to fund a Brazilian oil company.  They claim that oil contributes to global warming.  And they help their sworn enemy -- oil -- in a nation that was seriously seeking biofuel solutions.  Who stands to make a huge profit in this weirdness?  Soros.  Who has Soros been contributing to?  What web page did Soros fund? ]

CNN Report:

Soros, groups target Bush

Along with Soros, the Hungarian-born financier who has pledged $12.5 million to ensure "we can write off the Bush doctrine as a temporary aberration ..." [snip]


"Groups including are banned from coordinating activities with any party or candidate ..." [snip]

"Soros pledged his money to two independent political groups -- and America Coming Together ..." [snip]

[We already know where the RNC stands -- "drill baby drill".  They are unapologetically pro-oil.  The other side says one thing and does another.  Foreign oil profits from their behavior.  Thinking pragmatically, I had similar thoughts about Florida and Cuba drilling.  But after looking into it more deeply, I can empathize with Floridian environmentalists better.  Here`s a look at the finer points.]

"While the debate about drilling off the coast of Florida continues in Washington and the state Legislature, several international companies are getting started on projects that could bring oil rigs within 60 miles of the Keys by year`s end.  Companies from nations like Norway, Spain, India, China, Russia and Brazil have signed exploration agreements with Cuba and the Bahamas that could mean drilling south of Key West this year ..." [snip]

Stop Offshore Drilling

In April 2009, the Florida Legislature came closer than ever before to removing the ban on drilling in state waters, just 3-10 miles off our coastline. And Big Oil and their cronies in the U.S. Senate are up to their old tricks, sneaking rollbacks of protections for Florida`s federal waters into a landmark global warming bill! [snip]

[One snippet]

With Cuba`s proximity to Florida, the state could be at risk with Cuban exploration, Florida tourism officials said in published reports.  But not just tourism officials oppose the drilling.  Environment Florida, an advocacy organization for protection of Florida`s environment, is against expanding drilling anywhere offshore.


[Back in 2006, there was a raging debate about Florida and drilling]

Cuba oil probe spurs calls for U.S. drilling

"Congressional proponents of oil and gas drilling are pointing to Cuba`s exploration off the coast of Florida -- with help from China -- as a prime reason to open up U.S. drilling in the eastern Gulf of Mexico." [snip]

Senator Jeff Sessions: "This is a pocketbook issue, not a political issue. Whole regions of the Gulf are not available for drilling today ... What is happening? Fidel Castro in Cuba is partnering with China and is moving forward. ... He can drill, but we cannot. He can take the money and fund his adventures around South and Central America ... Is that what people would like to see?"

Rep. Debbie Wasserman-Schultz: "Do we want to emulate the actions of nations like Cuba and China? Do we want the Florida Straits dotted with oil rigs?  I think not."

Sen. Bill Nelson: "So far, there have been no significant finds of commercially viable oil. Yet some members of Congress now are citing Cuba`s plans to drill close to Florida as justification for their proposal to allow U.S. oil companies to drill 20 miles off Florida`s Gulf coast ... With several drilling proposals pending before Congress, our state`s unique environment and tourism-driven economy are in more jeopardy now than ever before."

[Conclusion -- We should not use taxs money for foreign oil, and we should obviously drill as close as Cuba does.  Any closer?  If there had to be a choice, I would rather drill in ANWR than a few miles off the Florida coast.  Polar bears make lousy tourists.]

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