The Obama administration predicts his ban on deep-sea energy development will kill 23,000 jobs, but all is not lost. It's predicted to be a financial windfall for Brazil, where a certain controversial foreign investor has made a near-billion dollar investment in their deep-sea energy reserves.
Manhattan Institute senior fellow Robert Bryce, writing in today's Washington Examiner:
As long as the Obama administration continues its moratorium on drilling in the deepwater in the Gulf of Mexico, Petrobras, the Brazilian national oil company, will continue to thrive...And by "foreign investors" I mean "George Soros," the Daddy Warbucks of the liberal movement whose billions laid the groundwork for the election of Barack Obama.
...Here’s the punch line: thanks to the moratorium in the Gulf, Petrobras will likely be able to get its hands on yet more deepwater offshore drilling rigs, at cheaper rates, than it could have prior to the Macondo blowout...
...The Brazilians are eager for rigs because their drilling programs have uncovered enormous reserves. In 2007, the company announced that its new offshore Tupi field may hold up to 8 billion barrels of oil equivalent. The field is the world’s second-largest oil discovery in the last 20 years.
Since then, Petrobras has been announcing new offshore discoveries on a regular basis. Within five years, the company hopes to double its oil production, to some 4 million barrels per day, an astounding amount of growth for a company that is already among the world’s biggest oil producers...
Bloomberg Financial News reports as of June 30, 2008, the radical left-wing Hungarian billionaire purchased an $811 million stake in Petrobras.
In just the last few years, Soros has funneled close to $100 million to various radical left-wing groups that support Obama and the radical environmentalist agenda.
After Soros purchased his Petrobras stock, Obama loaned the company $2 billion in taxpayer cash. Now, Obama's instituted an offshore energy ban the White House admits hurts 23,000 working families. The only person who seems to benefit is Soros.
If you still haven't put two and two together, Barack Obama is paying off a political debt by liquidating the Gulf Coast economy and mortgaging 23,000 American jobs.