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Obama creates jobs...in Brazil!

Original post made by Ken in South Pleasanton on Aug 19, 2009

All the hype during the Obama campaign about creating jobs in the US, punishing US companies that ship jobs overseas, and promoting development of alternative fuels to protect the environment and now the Obama administration is poised to lend $10 billion to Petrobras, Brazil's huge oil company, to develop BRAZILIAN offshore oil reserves!

Web Link

What hypocrisy! How many jobs could $10 billion invested in developing US oil reserves create? Never mind the tax benefits to the government of supporting domestic production and the long term positive impact on our dependence on foreign sources of oil.

Environmentalists should go non-linear on this one. They have constantly pointed out how well Brazil continues to manage their rain forests to the detriment of our global environment. How well do you think Brazilian officials will manage off-shore drilling?

Obama's administration is obviously hoping we all just listen to the words and don't pay attention to the actions that occur afterwards. Hard to trust anything from our legislators anymore.

Comments (18)

Posted by Dick Cheney, a resident of another community
on Aug 19, 2009 at 1:09 pm

Thank You and GOD Bless America...

2009 Press Releases


FOR IMMEDIATE RELEASE: July 21, 2009

HALLIBURTON AWARDED CONTRACT TO PROVIDE FLUID SERVICES TO PETROBRAS OFFSHORE BRAZIL


HOUSTON - Halliburton (NYSE:HAL) has been awarded a $190 million contract by Petrobras to provide drilling fluid, completion fluid and drilling waste management services in the offshore markets of Brazil. The award includes service delivery in the shelf, deepwater and pre-salt areas of the Campos, Santos, and Espírito Santo basins. Halliburton expects to begin performing services related to this five-year agreement in the third quarter of 2009.

"We are excited to have been awarded this contract and we look forward to delivering engineered fluid solutions that are customized to maximize wellbore value for Petrobras," said Jeff Miller, vice president of Baroid, a Halliburton product service line. "Our Brazilian operations will be a key component in the further development of our Latin America franchise."

About Halliburton

Founded in 1919, Halliburton is one of the world's largest providers of products and services to the energy industry. With more than 50,000 employees in approximately 70 countries, the company serves the upstream oil and gas industry throughout the life cycle of the reservoir - from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production through the life of the field. Visit the company's Web site at www.halliburton.com.



Posted by Cholo, a resident of Livermore
on Aug 19, 2009 at 1:11 pm

I'm so escited, more and more jobs beeeeeing created...OMG OMG...do they serve free lunches on the job?


Posted by What?, a resident of Foothill Farms
on Aug 19, 2009 at 1:12 pm

So let me get this straight. While our economy is in the dumps, we destroy and rebuild other Countries. We pay Halliburton with BORROWED money to create 50,000 jobs overseas, while our unemployement goes through the roof.

NOW, we BORROW more to LOAN to Brazil, to PAY HALLIBURTON for services?

Almost seems the we've become:

The United Pawns Of Halliburton And Cheney!


Posted by This sucks.., a resident of Birdland
on Aug 19, 2009 at 1:13 pm

"Our Brazilian operations will be a key component in the further development of our Latin America franchise."

Ya, on the American taxpayers childrens DIME!


Posted by Obama, a resident of another community
on Aug 19, 2009 at 1:14 pm

Don't worry about a socialist Country and me screwing you, that's already happened LONG ago!

Suckers!


Posted by Yep, a resident of Another Pleasanton neighborhood
on Aug 19, 2009 at 1:37 pm

Yep,

Pretty soon, the only jobs to be had will be overseas.

Instead of Government employees taking the oath of the United States Of America, they will be taking the oath of The United States Of Halliburton.

Funny how their has been not as much as a PEEP out of Bush since he left office!

You can thank Bush and Cheney for our Countries demise!


Posted by Ken in South Pleasanton, a resident of Downtown
on Aug 19, 2009 at 2:58 pm

Reply to Yep,
Are you blind? The Haliburton contract was awarded in July 2009. Last time I checked, Obama was in office and Bush and Cheney were long gone. Is this the "change" Obama promised? The only change is that in our pockets after our legislators have taken all the paper money! Get past the Bush/Cheney thing. We're in new hands now, and they seem to be as slippery and dirty as any in the past.


Posted by Not Blind, a resident of Another Pleasanton neighborhood
on Aug 19, 2009 at 3:16 pm


Not Blind Ken.

"Halliburton (NYSE:HAL) has been awarded a $190 million contract by Petrobras"

Halliburton was Hired by Petrobras Brazil, not Obama.

"Last time I checked" we as a Country have provided TRILLIONS in loans and aid to OTHER Countries for Centuries!

However, you have valid points in your post, but this is NOT a NEW pattern that Obama is creating.


Posted by And, a resident of Another Pleasanton neighborhood
on Aug 19, 2009 at 3:17 pm

AND, Bush and Cheney's policies ran our Country into the ground. YOU can NOT dispute that Ken!


Posted by lou, a resident of Another Pleasanton neighborhood
on Aug 19, 2009 at 6:18 pm

Watch O'Reilly and Sean Hannity and learn more about what is really happening to our country. Pelosi makes me sick!


Posted by Cholo, a resident of Livermore
on Aug 19, 2009 at 6:44 pm

okie dokie louie...i gona watchy watchy cause I wanna things.... OKIE DOKIE?


Posted by Ken in South Pleasanton, a resident of Downtown
on Aug 19, 2009 at 7:46 pm

Reply to Not Blind and AND...
Not Blind...Petrobras hires Haliburton, but WE, the Citizens of the US, are lending them the money with which they are hiring Haliburton. Then, WE, the Citizens of the US, will pay Brazil for oil they drilled from their offshore reserves. Why not employ US Citizens to bring the unemployment rate back to what Obama promised when he put his weight behind the most recent stimulus plan (paraphrasing his comment, he'd be surprised if the unemployment rate went above 9% after approval of the stimulus). Bottom line, we are left searching for the ninth teet on an eight teeted sow (that was for you Cholo).

AND...it was and is our self-indulgent congress and senate that helped create the situation we find ourselves in now. And they would have bought a fleet of Gulfstream luxury jets if we hadn't put up a fuss.

There is no "change"...just a bunch of different players with pockets to fill at our expense.


Posted by Capitalist, a resident of Another Pleasanton neighborhood
on Aug 19, 2009 at 9:39 pm

Off-shoring is a plus for the American economy. We can do other things here. Low value-added jobs are exported to other countries so that more high value-added jobs can be created here. This is basic economics.


Posted by Stacey, a resident of Amberwood/Wood Meadows
on Aug 20, 2009 at 4:14 pm

Stacey is a registered user.

Interesting. I checked out Ken's link. In that it links to an article in Oil Online (Web Link). That article mentions that it is the US Export-Import Bank doing the loan to Brazil. I hadn't heard of that before so a quick Google search shows that this Ex-Im Bank is charged with providing credit to foreign borrowers who wish to purchase US goods and services (i.e., create US jobs) but are unwilling to accept the credit risk. Now it seems strange at first, why is this bank loaning money to a Brazilian company? The answer is provided by another poster above: because the Brazilian company is going to purchase US goods and services in order to develop this oil field.

Score one for the home team.


Posted by Blackwater XE, a resident of another community
on Aug 20, 2009 at 9:30 pm

iT'S all A HUGE and costly scam on the American Citizens!


Posted by mark, a resident of another community
on Aug 21, 2009 at 2:01 pm

To Capitalist,


that was intended as a joke?


Posted by mark, a resident of another community
on Aug 21, 2009 at 2:08 pm

To Stacey,


Exactly which "US goods and services" are you refering to and how do you know? I know that Halliburton tried to move their company off shore to avoid paying US taxes but don't know if they succeeded.


Posted by mark, a resident of another community
on Aug 21, 2009 at 2:33 pm

Is there no end to the schemes that we Americans are being subjected to by the government? The answer to that is a resounding NO! It makes absolutely NO difference as to who is in Washington, the policy does not change. By far the majority of these politicians (99%) are PUPPETS THAT ARE COMPLETELY OWNED BY INTERNATIONAL BANKERS.
Part of their goal is to wipe out the middle class and it is playing out at this very moment, on steroids.



The following is quoted from an article about the United Nations and their Agenda 21 policy(Agenda for the 21st century which the US government supports).

"Current lifestyles and consumption patterns of the affluent middle class - involving high meat intake, use of fossil fuels, appliances, air-conditioning, and suburban housing - are not sustainable. A shift is necessary which will require a vast strengthening of the multilateral system, including the United Nations."


"Among other things, the agenda called for a Global Biodiversity Assessment of the State of the Earth. Prepared by the UN Environmental Programme (UNEP), this 1140 page document armed UN leaders with the "ecological basis, and moral authority" they needed to validate their global management system. The GBA concludes on page 863 that "the root causes of the loss of biodiversity are embedded in the way societies use resources. This world view is characteristic of large scale societies, heavily dependent on resources brought from considerable distances. It is a world view that is characterized by the denial of sacred attributes in nature, a characteristic that became firmly established about 2000 years ago with the Judeo-Christian-Islamic religious traditions. Eastern cultures with religious traditions such as Buddhism, Jainism and Hinduism did not depart as drastically from the perspective of humans as members of a community of beings including other living and non-living elements." In other words Christians and Moslems are to blame for the sorry state of the world because their religions do not involve worshipping "sacred nature."

"Like many 'green movement initiatives' Agenda 21 is a 'wolf in sheep's clothing'. As explained in my brief biography I have been actively involved in preparing Agenda 21 action plans and monitoring compliance with environmental permits. All the policies and plans we developed were required to begin with a description of how they met the objectives of Agenda 21 and various other UN agreements, and were audited too determine how they complied with UN requirements. It was these experiences that lead to my research into what was 'behind it all' and the subsequent publication of this website."

"Agenda 21 is not an environmental management policy, but an attempt to impose a global centrally planned quasi-government administered by the United Nations. Under Agenda 21 all central government and local authority signatories are required to conform strictly to a common prescribed standard and hence this is just communism resurrected in a new guise. Now that Agenda 21 has gained a stranglehold on global regulatory and planning processes Maurice Strong and his Club of Rome colleagues have moved on to the next phase of the Global Green Agenda."

Web Link


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