You folks in the Gulf of Mexico are going to just love this! Since the BP oil spill 11 months ago, the Obama administration has only approved 1 of 107 permits filed to resume drilling for oil in the Gulf. Apparently, the two things we need most here in America, jobs and oil, are not priorities of Barack Obama. However, he has approved allowing Brazil′s Petrobras, their large oil company which is partially owned by Obama supporter George Soros, to conduct deep-water oil drilling in the Gulf of Mexico. How wonderful is that?
According to the Houston Chronicle (see link below), the recently formed Bureau of Oceanic Energy Management, Regulation and Enforcement, BOEMRE, approved the plan on Thursday, just one day before President Obama began his 5-day vacation to Brazil. Petrobras will build the floating production, storage and offloading vessel, FPSO, about 165 miles off the Louisiana coast at a point known as the ′Walker Ridge′. The vessel will not only drill and produce some 80,000 barrels of oil and 500,000 cubic feet of natural gas per day, but also store up to 16 million cubic feet of natural gas. Petrobras ‘owns’ the drilling rights to the area called the Cascade, and two-thirds of a neighboring area called Chinook. The rest of the Chinook oil field is owned by French oil giant, Total. The drilling depth for this project is some 8,000 feet, far deeper than the BP-TransOcean 5,000 foot deep well that polluted the Gulf last year.
Earlier this month, the Department of the Interior, which oversees the BOEMRE, approved it′s first off-shore drilling permit to an American company, Noble Energy based out of Houston. They′ll be drilling about 70 miles from Venice, LA in 6,500 feet of water. Meanwhile, some 106 other U.S. drilling permits sit in bureaucratic limbo as oil and gasoline prices skyrocket.
So is there any particular reason why Brazil′s Petrobras was given permission to drill by the Obama administration over many American companies? Why Petrobras is being allowed to use a new technology, the FPSO vessel, in the Gulf of Mexico at a time when residents of the region are still suffering from the BP oil spill last year? Does it have something to do with George Soros, a major campaign contributor and political ally of Barack Obama, owning a large stake in Petrobras? Inquiring minds want to know!