Political Lipskip

Never Let That Crisis Go To Waste – Oil Rigs Leaving Gulf, Along with Jobs

It’s been overstated ad nauseum ever since Obama took over the imperial federal government. Never let a crisis go away. Gateway Pundit reports that Brazil is not letting the Obama moratorium of drilling in the Gulf go to waste. Rigs, and jobs, are heading off the coast of South America:

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.

Obama also wants to eliminate tax breaks that oil companies receive and use that money on cleaner energy alternatives. Yea, that’s great and all but the oil companies do not pay the tax. The folks like you and me who drive our vehicles pay that cost. And gasoline is not the only thing that is refined from oil. Other products will necessarily go up in price too. All of these costs destined to be passed on to the consumer.

Liberal thought is so stupid.