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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (32222)	6/23/2010 3:43:07 PM
From: DuckTapeSunroof	Respond to of 103300

Re: "And soros is a major share holder of that oil company," So what? Lots of people are. (Me included.) It's the third largest publically traded oil company in the world by market cap. Re: "so banning off shore drilling here will eliminate their competition..." No it won't (do I always have to explain everything to you? <g>). As I have ALREADY explained to you PBR is a holder of several US deep-gulf off-shore drilling leases, often in partnership with other big oil companies. They have been an aggressive bidder in recent federal lease auctions. So they are proportionally just as affected by any drilling moratorium as most any other. (And, as far as their 'pre-salt' holdings off-shore Brazil --- the vast bulk of that is not even very close to production yet. As a matter of fact they just postponed a public offering of new shares that was to help raise some of the hundreds of billions they will require over the next decade or so to bring 'pre-salt' areas into production. Any US Gulf moratorium will be removed years and years before any of PBR's 'pre-salt' oil ever sees the surface.)