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Author Topic: U.S. Backs $1B Loan to Mexico for Oil Drilling Despite Obama Moratorium  (Read 3259 times)

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Offline TheSarge

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U.S. Backs $1B Loan to Mexico for Oil Drilling Despite Obama Moratorium
« on: September 11, 2010, 03:56:46 PM »



Despite President Obama's moratorium on U.S. deepwater drilling in the Gulf of Mexico, the U.S. Export-Import Bank intends to guarantee $1 billion in loans to PEMEX, the Mexican state oil company, to bolster the company's oil drilling in the region.

The bank, which is the official American export credit agency, loaned more than $1 billion to PEMEX in 2009 -- when the company was the bank's largest borrower -- in support of its drilling activities. That year, the bank also guaranteed two loans totaling $300 million made by a commercial lender.

The latest request comes during a drilling moratorium that was first imposed by Obama in May to find out what was the cause behind the April 20 Deepwater Horizon oil rig explosion killed 11 workers and led to 206 million gallons of oil spewing from BP's undersea well.

After a federal court struck down the ban amid complaints that it threatened thousands of jobs in the offshore oil industry, the Obama administration issued a new moratorium in July on most deep-water drilling activities that is in effect until Nov. 30.

http://www.foxnews.com/politics/2010/09/11/backs-b-loan-mexico-oil-drilling-despite-obama-moratorium/
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Offline cavegal

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Re: U.S. Backs $1B Loan to Mexico for Oil Drilling Despite Obama Moratorium
« Reply #1 on: September 11, 2010, 04:22:10 PM »
Off topic alert...That photo of him in the top corner.. where is the American Flag that usually is behind Presidents when they speak? :uhsure: :fuelfire:

Where did he get the money for this? We do not have it anymore. He has given it all to his Union buddies.
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Offline true_blood

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Re: U.S. Backs $1B Loan to Mexico for Oil Drilling Despite Obama Moratorium
« Reply #2 on: September 11, 2010, 06:40:09 PM »
Quote from: cavegal on September 11, 2010, 04:22:10 PM
Off topic alert...That photo of him in the top corner.. where is the American Flag that usually is behind Presidents when they speak? :uhsure: :fuelfire:

Where did he get the money for this? We do not have it anymore. He has given it all to his Union buddies.

I agree CG.
Here we are, suffering with a crippled economy, high unemployment, a ballooning deficit, a housing/banking crisis, and we give a billion dollar loan to Mexico to help them drill in the same waters that the imposter put a moratorium on?!?! :mental: Something's not right. :censored:
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Offline Chris_

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Re: U.S. Backs $1B Loan to Mexico for Oil Drilling Despite Obama Moratorium
« Reply #3 on: September 11, 2010, 06:58:37 PM »
How much of this BILLION dollars is going to the cartels?

Where is this money coming from?
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Offline cavegal

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Re: U.S. Backs $1B Loan to Mexico for Oil Drilling Despite Obama Moratorium
« Reply #4 on: September 11, 2010, 07:15:32 PM »
Quote from: Evil_Conservative on September 11, 2010, 06:58:37 PM
How much of this BILLION dollars is going to the cartels?

Where is this money coming from?
Union printing presses.
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Offline Mike220

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Re: U.S. Backs $1B Loan to Mexico for Oil Drilling Despite Obama Moratorium
« Reply #5 on: September 11, 2010, 07:26:26 PM »
Quote from: Evil_Conservative on September 11, 2010, 06:58:37 PM
How much of this BILLION dollars is going to the cartels?

Where is this money coming from?

At this point, our great grand kids.
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Offline Airwolf

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Re: U.S. Backs $1B Loan to Mexico for Oil Drilling Despite Obama Moratorium
« Reply #6 on: September 11, 2010, 09:33:21 PM »
This will go over well in November.
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Offline Ree

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Re: U.S. Backs $1B Loan to Mexico for Oil Drilling Despite Obama Moratorium
« Reply #7 on: September 11, 2010, 11:47:03 PM »
WTF???
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Offline BEG

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Re: U.S. Backs $1B Loan to Mexico for Oil Drilling Despite Obama Moratorium
« Reply #8 on: September 12, 2010, 12:09:04 AM »
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Offline NHSparky

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Re: U.S. Backs $1B Loan to Mexico for Oil Drilling Despite Obama Moratorium
« Reply #9 on: September 12, 2010, 08:45:58 AM »
Quote from: Airwolf on September 11, 2010, 09:33:21 PM
This will go over well in November.

You're assuming the MSM will report this?

 :rotf: :rotf: :rotf: :rotf: :rotf:
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Offline Tess Anderson

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Re: U.S. Backs $1B Loan to Mexico for Oil Drilling Despite Obama Moratorium
« Reply #10 on: September 12, 2010, 01:11:23 PM »
Soros is behind this, of course, pulling his strings again:

http://beforeitsnews.com/story/78/199/Obamas_Moratorium_on_Drilling_a_Boon_to_Brazil_and_Soros.html

The Mexian government takes the profits from Pentex and uses them to pay for their social programs after the ruling class does a little personal wealth enhancement. They're as corrupt as Obama.
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Offline true_blood

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Re: U.S. Backs $1B Loan to Mexico for Oil Drilling Despite Obama Moratorium
« Reply #11 on: September 12, 2010, 04:45:51 PM »
Quote from: Tess Anderson on September 12, 2010, 01:11:23 PM
Soros is behind this, of course, pulling his strings again:

http://beforeitsnews.com/story/78/199/Obamas_Moratorium_on_Drilling_a_Boon_to_Brazil_and_Soros.html

The Mexian government takes the profits from Pentex and uses them to pay for their social programs after the ruling class does a little personal wealth enhancement. They're as corrupt as Obama.
Yes. I do believe he has some stake in that Petrobra oil company as well.
Soros, another America hater. :bird:
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