Obama Creates Jobs – in Brazil
Captain Kickass is finally getting around to creating jobs. The only problem is they will be in Brazil. Now that Obama has decided to shut all oil drilling in the Gulf of Mexico, the rigs will move off-shore to Brazil – where some of them will drill DEEPER than the BP rig was drilling when it exploded 55 days ago:
Reuters reported, via Free Republic:
Brazil could benefit from the BP Gulf of Mexico spill as a U.S. moratorium on offshore drilling boosts available rigs for the country’s deep water oil exploration program.
Even as an ecological catastrophe makes the future of U.S. offshore drilling less certain, Brazil is plowing ahead with a $220 billion five-year plan to tap oil fields even deeper than BP’s (BP.L) ill-fated Gulf well, which is still leaking crude.
With an estimated 35 rigs idled in the Gulf of Mexico, Brazil is already receiving inquiries from companies looking to move their rigs here, where vast discoveries in recent years may soon turn the country into a major crude exporter.
“What is bad for some may be good for others,” said Fernando Martins, Latin America Vice President for GE Oil and Gas, which provides services to drillers in Brazil.
“Since operators are shutting down at least temporarily in the U.S. Gulf, some companies are planning to move their rigs to Brazil now,” he said, without offering details.
