Remember last August when President Obama gave 2 billion dollars, a “preliminary commitment,” to Brazil’s state-owned Petrobras to help them finance the exploration of the Tupi Oil field, a large off shore deposit beneath a mile of water and two miles of shifting rock, sand and salt, in order that Brazil can become one of the world’s largest oil exporters?
Our president told them, “We want to…help you with technology to develop these oil reserves…and…we want to be one of your best customers.
As it turns out, the United States isn’t getting the oil. China is. A few days after President Obama left Brazil, Dilma Rousseff went to Beijing and signed oil contracts with two state-owned Chinese companies.
Good job, aye?
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