Wednesday, March 30, 2011

Exporting Wealth & Importing Oil

The fields are in more than 8,000 feet of water about 165 miles off Louisiana, in an area called Walker Ridge.

Brazil's state-run energy giant Petroleo Brasileiro S.A. (PBR Stock Quote" a >PBR<> - PBR Zacks Equity Analyst Report">Analyst Report), or Petrobras S.A., has got the green light for the use of a floating production storage and offloading (“FPSO”) vessel in the Gulf of Mexico (“GoM”) to extract oil and gas from its deepwater Chinook-Cascade project.

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Spreading the wealth on a Global Scale and debt spending of historical amounts will not have a happy ending.

The solution would be to do the exact opposite. Produce U.S. oil and make historical spending cuts.

Looking at the headlines above it would have you believe that Barack Obama is currently controlling oil prices around the world. Debt spending and the printing of money is also effecting food prices around the world.

Hope and Change - Yes We Can - will "Yes We Did" be the slogan for 2012?

or how about " Four More and You'll Be Poor"

The tail gate was right

Saturday, March 14, 2009

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