While the Gulf is off-limits to US drillers because of Obama’s moratorium, now they are being ordered to cap all their dormant offshore wells in the Gulf. The reason that they don’t routinely cap and seal inactive wells is that they go back and re-open them for drilling as the market prices and oil reserves dictate.
Obama is ordering them to seal these wells permanently at a cost of billions of dollars to the companies. That means that we would have to mount an entirely new drilling operation to ever recover the remaining oil in those dormant wells. This order is publicly explained as “protecting the environment,” but there may be another – economically-motivated explanation: Obama has also promised a billion US tax dollars to back offshore drilling in the Gulf by the Mexican national oil company, PEMEX. Their safety standards make BP’s look golden.
· SO US oil companies can’t drill there · US oil companies have to spend billions to permanent cap their own wells thatalready have been drilled there · US oil companies have to cut off access to any remaining oil in their own dormant wells · US taxpayers are giving a billion dollars to Mexico to drill where we can’t by order of the Obama Administration AND US taxpayers have already sent twice that much to BRAZIL to fund their own offshore drilling [off their coast that’s even deeper than BP’s failed well] - without the approval of Congress. More details of the Brazilian deal follow:
Even though President Obama is against offshore drilling for our country, he signed an executive order to loan 2 Billion of our taxpayer dollars (which we can't afford to loan since we're broke) to a Brazilian Oil Exploration Company (the 8th largest company in the entire world) to drill for oil off the coast of Brazil! The oil that comes from this operation is for the sole purpose and use of China and NOT THE USA !
Now here's the real clincher...the Chinese government is under contract to purchase all the oil that this oil field will produce, which is hundreds of millions of barrels".. We have absolutely no gain from this transaction whatsoever!
Guess who is the largest individual stockholder of this Brazilian Oil Company and who would benefit most from this? It is American BILLIONAIRE, George Soros, who was President Obama's most generous financial supporter during his campaign. If you are able to connect the dots and follow the money, you are probably as upset as I am. Not a word of this transaction was broadcast on any other news network – only on Fox! Forward this factual e-mail to others who care about this country and where it is headed. Also, let all your Government representatives know how you feel about this. "REMEMBER....POLITICIANS AND DIAPERS SHOULD BE CHANGED OFTEN AND FOR THE SAME REASON" | 