P-13 OIL SPILL UPDATE

PESTILENCES (CHEMICAL AND BIOLOGICAL WEAPONS)

LUKE 21:11
11 And great earthquakes shall be in divers places, and famines, and pestilences;(CHEMICAL,BIOLOGICAL WEAPONS) and fearful sights and great signs shall there be from heaven.

POISONED WATERS

REVELATION 8:8-11
8 And the second angel sounded, and as it were a great mountain burning with fire was cast into the sea: and the third part of the sea became blood;
9 And the third part of the creatures which were in the sea, and had life, died; and the third part of the ships were destroyed.
10 And the third angel sounded, and there fell a great star from heaven, burning as it were a lamp, and it fell upon the third part of the rivers, and upon the fountains of waters;
11 And the name of the star is called Wormwood:(bitter,Poisoned) and the third part of the waters became wormwood; and many men died of the waters, because they were made bitter.(poisoned)

REVELATION 16:3-7
3 And the second angel poured out his vial upon the sea; and it became as the blood of a dead man: and every living soul died in the sea.(enviromentalists won't like this result)
4 And the third angel poured out his vial upon the rivers and fountains of waters; and they became blood.
5 And I heard the angel of the waters say, Thou art righteous, O Lord, which art, and wast, and shalt be, because thou hast judged thus.
6 For they(False World Church and Dictator) have shed the blood of saints and prophets, and thou hast given them blood to drink; for they are worthy.

LIVE BP OIL FEED
http://interactive.foxnews.com/livestream/live.html?chanId=2&openAIR=true
http://www.huffingtonpost.com/2010/05/26/bp-oil-spill-live-feed-vi_n_590635.html
http://www.bp.com/liveassets/bp_internet/globalbp/globalbp_uk_english/
homepage/STAGING/local_assets/bp_homepage/html/rov_stream.html
OBAMA ON OIL SPILL-VIDEO
http://www.whitehouse.gov/photos-and-video/video/deepwater-bp-oil-spill-presidential-press-conference
PART 1-OIL SPILL NEWS
http://israndjer.blogspot.com/2010/05/oil-still-gushing-as-of-645pm.html
PART 2-OIL SPILL NEWS
http://israndjer.blogspot.com/2010/05/p-2-oil-slick-news-nay-29.html
PART 3-OIL SPILL NEWS
http://israndjer.blogspot.com/2010/06/p-3-oil-spill-news-update.html
PART 4-OIL SPILL NEWS
http://israndjer.blogspot.com/2010/06/p4-oil-spill-news.html
PART 5-OIL SPILL NEWS
http://israndjer.blogspot.com/2010/06/p-5-oil-spill-news-update.html
PART 6-OIL SPILL NEWS
http://israndjer.blogspot.com/2010/06/p-6-oil-remembering-dead-from-rig.html
PART 7-OIL SPILL NEWS
http://israndjer.blogspot.com/2010/06/p-7-oil-spill-news-update.html
PART 8-OIL SPILL NEWS
http://israndjer.blogspot.com/2010/06/p-8-oil-spill-update-news.html
PART 9-OIL SPILL NEWS
http://israndjer.blogspot.com/2010/06/p-9-oil-spill-news-update.html
PART 10-OIL SPILL NEWS
http://israndjer.blogspot.com/2010/06/p-10-oil-spill-news-update.html
PART 11-OIL SPILL NEWS
http://israndjer.blogspot.com/2010/06/p-11-oil-spill-news-update.html
PART 12-OIL SPILL NEWS
http://israndjer.blogspot.com/2010/06/p-12-oil-spill-news.html

FALSE FLAGS (SET UP OR STAGED BY SOMEONE)
http://www.god.tv/video/play?video=1219
http://www.god.tv/video/play?video=1227
JONES ON BP FALSE FLAG TO GET CAP & TAX SCAM THROUGH
http://www.youtube.com/watch?v=gNW0lkjTxAQ&feature=player_embedded

GRANT JEFFREY ON WORLD GOVERNMENT CONTROL AND THE ENVIROMENTAL RELIGION CULT SCAM OF GLOBAL WARMING UNDER FOR THE GOOD OF THE EARTH SCAM.CARBON TAX,INVISIBLE SKY HOOKS AND INVISIBLE SMOKE SCAM.
http://www.god.tv/video/play?video=1279
WW3 COMING TOGETHER-GRANT JEFFREY-RUSSIA WANTS OIL CONTOL DOMINATION.
http://www.god.tv/video/play?video=1369
HOLLY SWANSON ON OBAMA CAP & TRADE SCAM-ENNVIROMENTALS DICTATORSHIP JUNE 21,10 HR 1
http://therothshow.com/show-archives/june-2010/
OIL SLICK REACHES FLORIDA
http://video.foxnews.com/v/4250674/oil-slick-reaches-florida?playlist_id=86856

ITS 12:02 AM JUNE 23,10 DAY 65 OF THE POISONOUS OIL DISASTER SPILL.
I FIND IT VERY SNEAKY BP SAYS IN AUGUST THE POISON DISASTER SPILL WILL BE CAPPED AND LAST NIGHT I HEARD OBAMA SAY BY AUGUST HE WANTS THE POWER ACT OR WHAT EVER CARBON TAX,CAP & TRADE SCAM NAME THEY CALL IT DONE BY AUGUST ALSO.THIS IS NO ACCIDENT THE CLIMATE CHANGE SCAM IS IN HIGH GEAR NOW.MOST OF THE COMMERCIALS ARE ENVROMENTAL AS THE EARTH WORSHIPPING MEDIA AND ENVIROMENTAL NUTS FORCE THE SCAM DOWN OUR THROATS.

ITS 8:20AM JUNE 23,2010 SURPRISE,SURPRISE IF THIS BAN IS UPHELD BY OBAMA ON APPEAL GUESS WHO WANTS TO RENT MOST OF THE 33 WELL DRILLERS FROM THE GULF OF MEXICO DEEP SEA DRILLING,PETROBRAS,NO-NOT GEORGE SOROS' BOUGHT INTO COMPANY THAT OBAMA IS LOANING $2 BILLION TO DRILL 14,000 FEET IN BRAZIL.YES THE TRUTH IS HARD TO DRILL INTO PEOPLES MINDS,THIS ADMINISTRATION IS JUST PLAIN CRIMINAL.

Obama, Soros, Petrobras, Brazil & offshore drilling double standards
By Michelle Malkin August 19, 2009 09:22 PM

Yes, it’s true.Barack Obama has chipped in $2 billion in loans to exploit offshore oil resources in hopes of extracting a major new source of petroleum…in South America.And yes, it’s true.There is a Soros link.

Ed Morrissey has a round-up and notes:Is it a coincidence that Obama backer George Soros repositioned himself in Petrobras to get dividends just a few days before Obama committed $2 billion in loans and guarantees for Petrobras’ offshore operations? Hmmmmmmmmmm.

Petrobras reveals long-term strategy for Gulf of Mexico Published: Nov 1, 2006 Plans to deploy first FPSO in the region David Paganie, Managing Editor

In September 2006, Petrobras indicated that it was investing 14% or $12.1 billion of its worldwide budget in the US for the period 2007-2011. The company said it is consolidating its position as one of the leading players in the ultra deepwaters of the Gulf of Mexico, benefiting from its deepwater expertise and technology developed offshore Brazil.

HERES WHY OBAMA - SOROS WANT IN ON PETROBRAS.POCKET LINING.

Thursday, May 15, 2008 Petrobras (PBR) Hordes the World's Deep Sea Water Drillers Posted by TraderMark at 11:16 AM

Wow, interesting factoid this morning via Bloomberg - Petrobras (PBR) has leased 80% of the world's deepest sea drilling rigs.

BECK ON OBAMA-SOROS-PETROBRAS CONNECTIONS
http://www.youtube.com/watch?v=hGDaOoED-1E&feature=player_embedded
http://www.youtube.com/watch?v=9KpI49NZvz8&feature=player_embedded
http://www.youtube.com/watch?v=DJfbnLUO_hU&feature=player_embedded
http://nicedeb.wordpress.com/2010/06/23/the-george-sorosdrilling-moratorium-connection/
REAL COST OF OBAMAS OIL BAN
http://video.foxnews.com/v/4249748/the-real-cost-of-obamas-drill-ban
http://video.foxnews.com/v/4249750/americas-financial-future
WHAT GREENING OF AMERICA REALLY MEANS
http://www.foxnews.com/story/0,2933,592243,00.html
http://www.foxnews.com/photoessay/0,4644,7721,00.html
http://www.foxnews.com/photoessay/0,4644,7722,00.html
http://www.foxnews.com/photoessay/0,4644,7723,00.html

ITS 1:10PM JUNE 23,10 AND 2 PEOPLE HAVE DIED FROM THE CLEANUP POISONOUS DISASTER.THE DEATHS ARE STARTING JUST LIKE THE BIBLE SAYS AFTER THE WATERS ARE LOOKING LIKE BLOOD OF A DEAD MAN AND POISONED.

2 People Involved in Gulf Oil Spill Cleanup Have Died, Coast Guard Reports
Published June 23, 2010| FOXNews.com

June 23: This image from video provided by BP PLC early Wednesday morning shows oil continuing to gush millions of gallons a day, from the broken wellhead, at the site of the Deepwater Horizon oil well in the Gulf of Mexico.Two people involved in the Gulf oil spill cleanup effort have died, the U.S. Coast Guard reported.Meantime, the Coast Guard says BP has been forced to remove a cap that was containing some of the oil gushing into the Gulf of Mexico.Coast Guard Adm. Thad Allen says an underwater robot bumped into the venting system. That sent gas rising through vent that carries warm water down to prevent ice-like crystals from forming in the cap.Allen says the cap has been removed and crews are checking to see if crystals have formed before putting it back on. In the meantime, a different system is stilling burning oil on the surface.Before the problem with the containment cap, it had collected about 700,000 gallons of oil in the previous 24 hours. Another 438,000 gallons was burned.
The Associated Press contributed to this report.

Toxic Rain Falls in Louisiana Kurt Nimmo
Infowars.com June 23, 2010 12:00 PM

Editor’s note: Other people in Louisiana have sent email to Infowars stating they have not experienced oil rain. We will continue to monitor this story and report.
While the corporate media concentrates on Joe Barton’s apology to BP and Tony Hayward taking off to attend a yacht race around England’s Isle of Wight, people on the ground in Louisiana — what BP chairman Carl-Henric Svanberg called the small people — are beginning to experience the result of millions of gallons of oil poured into the Gulf of Mexico.It is now raining oil — and we can assume the highly toxic dispersant Corexit 9500 — in River Ridge, Louisiana. The following video purports to document the oil rain:
http://www.youtube.com/watch?v=un8co1d4zb4&feature=player_embedded

The Gulf of Mexico is heating up as summer progresses. Oil and Corexit 9500 are going through a molecular transition, changing from a liquid to a gas and then absorbed by clouds and released as toxic rain. Oil in the environment is toxic at 11 PPM (parts per million). Corexit 9500 is toxic at only 2.61 PPM. Oil contains a number of dangerous chemicals, including Benzene, Toluene, Ethylbenzene, Xylene, Naphthalene, Hydrogen sulfide, and others.No word yet from the corporate media on this. CNN is covering the impact of the oil spill on animal and marine life but is not talking much about the environmental impact on the small people.
http://www.youtube.com/watch?v=8WZnDYsnRP0&feature=player_embedded

ITS DAY 66 THUR JUNE 24,10 OF THE POISONOUS SPILL AND SEE WHAT HAPPENS TODAY.

Latest blunder feeds frustration in the Gulf By MICHAEL KUNZELMAN, Associated Press Writer - JUNE 24,10 10:45PM

NEW ORLEANS – Earlier this month, BP boldly predicted the oil gushing from the bottom of the sea would be reduced to a relative trickle within days, and President Barack Obama told the nation last week that as much as 90 percent would soon be captured. But those goals seemed wildly optimistic Thursday after yet another setback a mile underwater.A deep-sea robot bumped into the cap collecting oil from the well, forcing a temporary halt Wednesday to the company's best effort yet to contain the leak. The cap was back in place Thursday, but frustration and skepticism were running high along the Gulf Coast.BP's pronouncements have absolutely no credibility, Jefferson Parish Councilman John Young said. The latest problem shows they really are not up to the task and we have more bad news than we have good news.

Even before the latest setback, the government's worst-case estimates suggested the cap and other equipment were capturing less than half of the oil leaking from the sea floor. And in recent days, the spillcam video continued to show gas and oil billowing from the blown-out well.BP officials said they sympathized, and laid out in new detail the company's plans to have additional ships in place that can capture even more oil.For BP, our intent is to restore the Gulf the way it was before it happened,BP PLC managing director Bob Dudley, who has taken over the company's spill operations, said in Washington.

In other developments:
-The spill began arriving in sheets of oil on the Florida coast, forcing the first closing of a beach in the state since the accident more than nine weeks ago, and fouled some of Mississippi's most fertile coastal waters.
-The federal judge who struck down the Obama administration's six-month ban on deep-water drilling in the Gulf refused to stay his ruling while the government appeals.
-Environmental groups asked the court to release additional information about U.S. District Judge Martin Feldman's holdings in oil-related stocks.
-Dudley said BP had asked James Lee Witt, director of the Federal Emergency Management Administration during the Clinton administration, to review its response to the oil spill and recommend improvements.

At nearly every important juncture since the Deepwater Horizon rig exploded April 20, killing 11 workers, the government's and BP's estimates on the size of the spill, its effect on wildlife and the time frame for containing it have spectacularly missed the mark.On June 8, BP chief operating office Doug Suttles said the spill should be reduced to a relative trickle in less than a week. BP later said it would take more time for the spill to reach a trickle.Obama used the 90 percent figure last week in his first address from the Oval Office and after meeting with BP officials at the White House, saying the company had informed him that was how much of the oil could be kept out of the water within weeks.It just doesn't look like that's in the cards, said Ed Overton, a retired professor of environmental science at Louisiana State University. We're not even close to that, and the word today is that they were capturing less than the day before. I was hoping the president knew something that the rest of us didn't know. I mean, he was talking to the big shots.

BP said Thursday it was gradually ramping back up to capture about 700,000 gallons a day with the cap, and burning off an additional 438,000 a day using an incinerator ship. Worst-case government estimates are that about 2.5 million gallons are leaking from the well, though no one really knows for sure.By mid- to late July, the company hopes to have the capacity to capture up to 3.3 million gallons a day, if that much is flowing, BP spokesman John Curry said.It cannot all be done immediately, Curry said, because the logistics of positioning four giant ships capable of collecting oil and connecting them to the seafloor are complicated. There's a limit to the number of ships in the world that do these type of things, he said. None of those efforts is expected to stop the leak entirely. The soonest that would happen is late August, which is when BP says relief wells being drilled through thousands of feet of rock beneath the seabed will reach the gusher. Dudley said the relief well is progressing very well, and said relief wells are things BP knows how to do. I'm confident by the end of August we'll have that well killed,he said. Then he knocked on a conference table for good luck.

August seems a long way off to many.In Florida, officials closed a quarter-mile stretch of Pensacola Beach not far from the Alabama line when thick pools of oil washed up, the first time a beach in the state has been closed because of the spill.
Lifeguard Collin Cobia wore a red handkerchief over his nose and mouth to block the oil smell. It's enough to knock you down,he said. In Mississippi, which has so far been largely spared from the spill, a large patch of oil oozed into Mississippi Sound, the fertile waters between the state's barrier islands and its mainland. BP has its supporters, or at least those still giving it the benefit of the doubt. I think BP has done more than any oil company has ever done for this kind of spill, said Stephen Scooter Resweber, a 62-year-old councilman in Grand Isle, La.If they are saying 90 percent, they must be pretty confident. That's putting your money where your mouth is.Others weren't happy about the situation but declined to second-guess the BP engineers.I have no clue at all about the correct way to stop it, said Rocky Ditcharo, a seafood dock owner in Louisiana's Plaquemines Parish. Powerless — that's a good word for it.Associated Press writers Lisa Leff, Cara Rubinsky and Cain Burdeau in New Orleans, Holbrook Mohr in Pass Christian, Miss., and Matthew Daly in Washington, and AP photographer Dave Martin in Pensacola Beach, Fla., contributed to this report.

Spill hurts Obama rating as storm season starts By Jeremy Pelofsky and Tom Bergin - JUNE 24,10 6:30AM

WASHINGTON/LONDON (Reuters) – The Gulf of Mexico oil spill piled pressure on Barack Obama on Thursday as the hurricane season closed in and voters angry at his crisis management hammered the U.S. president in a poll rating.BP was able to restart one of its containment operations on Wednesday after a delay caused by an undersea collision of equipment, and coastal fishermen, cut off for weeks from the rich Gulf fishing grounds, were allowed back in some waters.But weather changes could hamper clean-up efforts and make collecting the spewing crude more difficult.The U.S. National Hurricane Center said a tropical wave to the south of Cuba had a 30 percent chance of becoming a tropical cyclone over the next two days..Private forecaster Weather Services International said the 2010 Atlantic hurricane season will be even more active than it feared in May, adding two storms and one hurricane to its prediction of a month ago.Meanwhile a new lawsuit was filed against BP Plc by a U.S. pension fund hurt by the sharp slide in the British oil company's shares since its deepwater drilling operation exploded on April 20 and caused the worst oil spill in U.S. history.According to a market source, BP Chief Executive Tony Hayward is due to meet investors in London on Friday. BP declined comment.The April 20 blast killed 11 workers and kicked off a crude gusher from the sea bed which still spews over two months later.

The crisis has thrust to the top of Obama's crowded domestic agenda and a Wall Street Journal/NBC News poll found half of those surveyed disapproved of his handling of the spill.Overall Obama's rating stood at 45 percent in the poll, down 5 points from early last month. For the first time in the survey, more people, or 48 percent, say they disapprove of his job performance.The government has asked District Judge Martin Feldman in New Orleans to put on hold his ruling against a proposed six-month deepwater oil drilling moratorium pending an appeal.The court had ruled the drilling ban was too far-reaching and not adequately justified despite the spill.The Justice Department said in its filing that the temporary moratorium only affected 33 active deepwater drills in the Gulf of Mexico and the harm from another potential oil spill far outweighed those interests.

NEW BAN IN THE WORKS

In addition to the appeal, Interior Secretary Ken Salazar said he would revise his original order suspending drilling 500 feet below sea level to make it more flexible and thus address the court's concerns.Washington imposed a moratorium on deepwater drilling after the April 20 explosion but oil drillers want to get back to work and analysts said the ban does not fit U.S. energy policy.Obama's attempts to restrict deepwater drilling are at odds with another policy -- to cut dependence on imported oil, said Jonathan Barratt, managing director of Commodity Broking Services.By taking deepwater supplies out of the equation, U.S. self sufficiency in oil could fall to around 30 percent in 2035 from around 40 percent if deepwater production is allowed.

DEEP-SEA ROBOT COLLISION

Late on Wednesday, BP said it was capturing oil and gas again after the well gushed largely unchecked for much of the day when an undersea robot collided with the recovery system. BP reinstalled the critical containment cap after several hours and it resumed oil and gas collection at 2000 EDT on Wednesday (0000 GMT Thursday). The cap system installed on June 3 captured 16,600 barrels on Tuesday, BP said. A separate oil-flaring system that collected 10,500 barrels is still operating. A team of U.S. scientists estimate the leak is spewing between 35,000 and 60,000 barrels a day. The spreading oil slick has shut down rich fishing grounds, killed hundreds of turtles and seabirds and dozens of dolphins and soiled the coastlines of four U.S. states.

Some Gulf fishermen had something to cheer for a change.The National Oceanic and Atmospheric Administration said late on Wednesday it had opened 8,000 square miles of previously closed fishing grounds in the Gulf because no oil was seen in the areas.The areas were south of Mississippi and off the coasts of Louisiana and central Florida. About 32.5 percent of federal waters in the Gulf remain closed, down from 36 percent previously.

BP VALUE DESTRUCTION

As well as clean-up costs, BP faces fines and an increasing number of lawsuits, including one filed by New York's state pension fund over the destruction of value for investors. The company, once Britain's largest, has pledged $20 billion to a special clean-up and compensation fund and stopped dividends for this year and its share have lost almost half their value since the spill. On Thursday, BP shares were up 0.6 percent at 335.65 pence at 1007 GMT, above the 13-year lows reached this week.(Additional reporting by Ed Stoddard, Nick Trevethan and Alejandro Barbajos; Writing by Andrew Callus; Editing by Michael Shields))

Obama Cap and Trade Will Provide Tax Dollars for Oil Spill Plus Some Cream Off the Top By Jerry McConnell Tuesday, June 22, 2010

The gigantic oil spill in the Gulf of Mexico has people all over the country wringing their hands and asking, How will we ever pay for all this clean up? And I’m sure most of them have heard Obama’s slithering Chief of Stash, Rahm Emmanuel, saying A crisis should never be wasted.Therein lays the scenario which will surely do three things;First: Provide a reason for approving legislation that is tailored to create enormous tax increases for ALL Americans, with the alibi that the money will be needed to clean up the mess and restore the lands affected negatively by the oil spill.Second: Those excessive and elephantine sized tax increases will provide such a plethora of money that through the usual Obama chicanery and falsehoods, gigantic amounts can and will be skimmed off the top and used to steal the elections in November 2010; possibly even into the 2012 presidential elections.Third: Obama in his sincere gratitude to the sleaziness and unconscionable guiles of Emmanuel will send him off with a bonus worthy of a Shah’s ransom. The only real benefits in all this is that the Gulf Coast states and their residents may get a land restoration package to some small degree and we the people will get rid of Rahm Emmanuel cancer in government. The bad part of course is that we will be saddled with the lies, deceit and deceptions of the Obama Administration will be with us for an additional four years; plenty of time for him to rig the workings for a lifetime self-appointment as Dictator in Chief.

Speaking of lies and deceptions, AmeriPAC the American Political Action Committee released an internet message on June 21, 2010 giving us a warning along these lines calling it, Obama’s GulfCare Plan: Tax-Tax-Tax, saying that his oil spill disaster plan: (is to) Impose New Energy Taxes on every American without a purpose… (and) create the largest tax increase in U.S. history. AmeriPAC opined that the liberal Dems would use the same emergency, closed door guerilla legislation tactics (used) to pass ObamaCare.Much public speculation and comment has been widely reported over the Internet of the possibility of the entire event being a planned or contrived disaster. From the lackluster and lackadaisical response in the beginning to the very slow and near reluctance with which Obama and his Administration did begin to acknowledge the seriousness of the situation, such guessing was to be expected.The gravity of the potential for destruction didn’t seem to dwell on the golf-playing, graduation exercise speeches that were carried out as if the happenings in the Gulf were minor in nature. He was almost nonchalant when playing his fiddle while the Gulf of Mexico was literally burning.But this cat and mouse behavior was very possibly attributable to Emmanuel’s insistence to allow events to come to a head from which incentives could be ignited to take advantage and get a sympathetic approval of the public to pass the Cap and Trade legislation floundering in the Congress. Behavior of this sort was alluded to in the AmeriPAC report as well which reported that Obama first refused to reveal the exact number of barrels of oil leaking per day. Next he claimed it was 10,000, then 30,000… (up to) 60,000 barrels a day.AmeriPAC summed it up saying, Obama is purposefully not giving American’s real numbers because he is afraid it will interfere with his grand scheme to tax us all until we can’t live normal comfortable lives.

I think that Obama’s behavior after his directionless beginning might possibly be even more contemptuous and AmeriPAC agrees with me saying, Since the oil spill Obama has played 7 rounds of golf. He has blocked anyone or any country from helping us solve this mess. Obama refused to waive the Jones Act, which prohibits countries from bringing in resources to help us. In times of crisis, like Katrina, the Jones Act has been waived to help Americans in distress. Over 14 countries offered assistance and Obama told them to go away. Instead, Obama gave the cleanup work to his buddies, UNION WORKERS.That about says it all. And the sum total is that if we the voters let this Congress get away with passing that Cap and Trade humungous tax package then Obama, Emmanuel and all of Congress can say to us, You asked for it. But it will give us more incentives in November.

Good news: Obama backs off-shore drilling! Update: A Soros connection?Share posted at 3:35 pm on August 18, 2009 by Ed Morrissey

This should be good news for the Drill Here, Drill Now contingent, right? The Obama administration has committed $2 billion in loans to exploit offshore oil resources in hopes of extracting a major new source of petroleum. Despite the White House pursuit of a cap-and-trade scheme to limit the use of fossil fuels, the new field could help bring lower energy prices, and their support of this exploration of American resources shows their flexibility on energy policy.Wait — did I say American resources? That’s true, but only in the South American sense (via Gateway Pundit):The U.S. is going to lend billions of dollars to Brazil’s state-owned oil company, Petrobras, to finance exploration of the huge offshore discovery in Brazil’s Tupi oil field in the Santos Basin near Rio de Janeiro. Brazil’s planning minister confirmed that White House National Security Adviser James Jones met this month with Brazilian officials to talk about the loan.The U.S. Export-Import Bank tells us it has issued a preliminary commitment letter to Petrobras in the amount of $2 billion and has discussed with Brazil the possibility of increasing that amount. Ex-Im Bank says it has not decided whether the money will come in the form of a direct loan or loan guarantees. Either way, this corporate foreign aid may strike some readers as odd, given that the U.S. Treasury seems desperate for cash and Petrobras is one of the largest corporations in the Americas.

But it still doesn’t allow the U.S. to explore in Alaska or along the East and West Coasts, which could be our equivalent of the Tupi oil fields, which are set to make Brazil a leading oil exporter. Americans are right to wonder why Mr. Obama is underwriting in Brazil what he won’t allow at home.This seems odd in several ways. For this particular administration to offer billions in loans to a foreign oil company makes a mockery of a number of Obama talking points. First, why does Petrobas need loan guarantees to pursue its exploration? As the WSJ notes, it is a very large corporation, which should have the resources to get to the oil on its own. Obama, who has ripped American corporations for their supposed subsidies in American tax policy, now wants to use an empty Treasury to give cash to a Brazilian oil company.Next, Obama keeps insisting that we cut back on our use of fossil fuels. He and his allies in Congress have blocked exploration of American oil fields off both shores for decades, and Obama insists that we would only keep enabling our oil addiction if we started drilling off of our own coasts. Yet he has no trouble committing $2,000,000,000 of our money for Brazil to drill off its own coast.Here’s a proposal: Let American companies do what Obama is paying Brazilian companies to do — drill offshore. We won’t have to pay them money or float them any loans to do it, either. In fact, we will make money off of the leases, while the effort creates hundreds of thousands of high-paying jobs in the US, creating more tax revenue rather than emptying out the Treasury.

Update: Who else besides Obama has taken an interest in Petrobras? Hmmmmmm:
His New York-based hedge-fund firm, Soros Fund Management LLC, sold 22 million U.S.-listed common shares of Petrobras, as the Brazilian oil company is known, according to a filing today with the U.S. Securities and Exchange Commission. Soros bought 5.8 million of the company’s U.S.-traded preferred shares.Soros is taking advantage of the spread between the two types of U.S.-listed Petrobras shares, said Luis Maizel, president of LM Capital Group LLC, which manages about $4 billion. The common shares were 21 percent more expensive than preferred today, according to data compiled by Bloomberg. …Petrobras preferred shares have also a 10 percent additional dividend, said William Landers, a senior portfolio manager for Latin America at Blackrock Inc.
Given that there will most likely never be a change in control in the company, I see no reason to pay a higher price for the common shares. Brazil’s government controls Petrobras and has a majority stake of voting shares.This story is from last Friday. Is it a coincidence that Obama backer George Soros repositioned himself in Petrobras to get dividends just a few days before Obama committed $2 billion in loans and guarantees for Petrobras’ offshore operations? Hmmmmmmmmmm.

Thursday, May 15, 2008 Petrobras (PBR) Hordes the World's Deep Sea Water Drillers Posted by TraderMark at 11:16 AM

Wow, interesting factoid this morning via Bloomberg - Petrobras (PBR) has leased 80% of the world's deepest sea drilling rigs. I mentioned when I sold off Diamond Offshore Drilling (DO) I was very interested in moving that money (on a pullback) to Noble (NE) due to its Petrobras connection [Apr 25: Bookkeeping: Selling Diamond Offshore Drilling - Will buy Noble Later] but frankly it looks like every driller is going to have a Petrobras connection at this rate. Again, Petrobras in my book, will become the largest company (by market capitalization) on the planet (surpassing Exxon) [May 13: Petrobras (PBR) Business as Usual]Why do we care about this news? We like... no... love shortages (as investors). Shortages create higher prices. Shortages of deep sea rigs mean higher prices for rig operators - think Transocean (RIG), Diamond Offshore (DO) and Atwood Oceanics (ATW) specifically. Also some Pride International (PDE) and Noble (NE) thrown in there....

-Petroleo Brasileiro SA, Brazil's state-controlled oil company, leased about 80 percent of the world's deepest-drilling offshore rigs to explore prospects including the Western Hemisphere's biggest discovery in decades.
-Petrobras, as the Rio de Janeiro-based company is known, is hiring rigs that can drill in at least 3,000 meters (9,800 feet) of water, Chief Executive Officer Jose Sergio Gabrielli said in an interview last week. The world has 21 such vessels, according to Rigzone.com, which tracks the offshore drilling industry.
-The company's insatiable demand is forcing producers including Exxon Mobil Corp. and BP Plc to pay more as they compete for the remaining units, said Kjell Erik Eilertsen and Truls Olsen, analysts at Fearnley Fonds AS in Oslo. Explorers that don't have rigs under contract may delay projects or pay rents of more than $600,000 a day.
-Petrobras is negotiating for as many as 17 more vessels to probe the Tupi discovery and neighboring fields, said Bill Herbert, an analyst at Simmons & Co. International in Houston. The company already controls almost seven times as much capacity as the next biggest user of rigs that can drill in 7,500 feet of water, according to research by Dahlman Rose.
-U.S. and European oil companies probably will pay $50,000 more per day to lease deepwater rigs during the next three years because Petrobras has already contracted for so much of the worldwide fleet, Nokta said. Such units are designed to cope with high seas and hold equipment needed to bore beneath the seafloor and identify oil and gas deposits as much as 6 miles below the ocean surface.
-Petrobras has signed leases this year for six deepwater rigs, more than twice as many as any other producer, according to Dahlman Rose. The contracts have an average duration of five years and four months at rates of $410,000 to $580,000 a day.
-Exxon Mobil leased Seadrill's West Polaris unit last month for $600,000 a day, Nokta said. BP agreed on May 1 to pay $540,000 a day for a Pride International Inc. drillship, $60,000 a day more than the company committed to three months earlier for an identical Pride rig, he said.
-Petrobras plans to start pumping oil in the first quarter of 2009 from Tupi, the biggest find in the Americas since Mexico's 1976 discovery of the Cantarell field in the Gulf of Mexico. Petrobras also is evaluating as many as seven nearby fields, including the Carioca prospect, Gabrielli said.

Folks we are not running out of oil; but we are running out of oil at easy, cheap to get to places. Much of Petrobras' discovery is in oceans at depths of 4-5 miles. Very few rigs on the globe will have capability to drill there. Most large caps mutual funds out there are loaded with the Exxon's (XOM) of the world (yawn) - they are stuck in the 1990s, and own an asset that is only benefiting from higher crude prices - not an ability to meaningfully expand production in the coming decade. The 2010s will be Petrobras era; that's what they should be owning. But they are, as always, behind the curve.And for investment, you simply must own these deep sea oil drillers - I believe both Atwood Oceanics and Pride International will be bought out within 18-24 months, the latter already looks well on its way [May 2: Restarting Pride International as Takeover Bait]That said, the next time crude corrects to $110 you will see all these stocks hammered as if the next 3-5 year story is over. That's lemmings for you.Long Petrobras, Pride International, Atwood Oceanics in fund; long Pride International in personal account.

Petrobras reveals long-term strategy for Gulf of Mexico Published: Nov 1, 2006 Plans to deploy first FPSO in the region David Paganie, Managing Editor

In September 2006, Petrobras indicated that it was investing 14% or $12.1 billion of its worldwide budget in the US for the period 2007-2011. The company said it is consolidating its position as one of the leading players in the ultra deepwaters of the Gulf of Mexico, benefiting from its deepwater expertise and technology developed offshore Brazil.With the company firming up plans to install the Gulf’s first FPSO, Offshore sat down with Renato Tadeu Bertani, president of Petrobras America Inc., to talk strategy.Offshore: In the MMS Western Gulf of Mexico Lease Sale 200 held on Aug. 18, Petrobras offered the largest sum of high bids ($45,483,774) and total number of high bids (34), and issued the second highest bid for a block at $21,011,812, for Keathley Canyon block 58. What does this say about Petrobras’ strategy? Bertani: Basically, our strategy in the Gulf of Mexico is to focus in some core areas where we want to be among the leading players. We want to have exposure to a number of opportunities that have geologic similarities. We’ll make decisions as we drill and learn.

One feature in our portfolio of projects is that in a given focus area we have certain patterns of geologic characteristics on different prospects. So, as we drill the first wells, we’ll learn more about that play and then make decisions on subsequent wells. You’re going to see this strategy as a theme in all areas that we’re currently focusing on in the Gulf. And of course, we can see a benefit from the element of optionality that exists that allows you to drill or not depending on the information you have.Currently, we have four main core areas in the GoM. One of them is in the ultra deepwaters straddling the eastern Gulf in the Desoto Canyon area, stretching west to Walker Ridge and Keathley Canyon. This is one area that we concentrated on in the lease sale in August, and that’s why we bid heavily for some of these blocks. And they fit exactly into our strategy in one of the core areas.
Petrobras’ (October 2006) portfolio in the Gulf of Mexico consists of 320 leases (200deep and ultra deepwater), operating 170, 6 producing fields, 3 discoveries under appraisal/development, 1 field under development, 30-40-prospect inventory, and 2 exploration wells under way. Portfolio map courtesy of Petrobras.

Offshore: Does Petrobras see opportunity in deep shelf drilling? Bertani: Yes. The second core area that we have in our GoM portfolio is in shallow waters aiming at very deep reservoirs. In this area, we have exposure to perhaps a dozen exploration opportunities targeting deep prospects with potential for natural gas. Of course, this is a risky and very expensive play, but still we think that the potential is there. So, we decided to make an effort in this area. We were partners on the ExxonMobil-operated Blackbeard well in South Timbalier block 168 in 70 ft of water. This well was terminated before we reached the main target because of extremely high pressures. Nevertheless, what we learned from this well is very valuable information that will help us continue our efforts in this play.Offshore: How much capital is Petrobras investing in the Gulf over the next several years? Bertani: Currently, our E&P capex budget for the US GoM for the period of 2007-2011 is close to $1.5 billion. This budget certainly is going to be revised, because we are adding new projects and costs are increasing -- mostly because of the large number of projects that we intend to implement. Right now, we’re are in the midst of preparing our budget for next year and the subsequent five-year period. And I’m quite sure that there is going be a significant increase in this figure. It might get close to $2 billion once we complete the process.

Offshore: Has Petrobras secured enough drilling capacity to execute its strategy in the Gulf? Bertani: This is one of the main hurdles we are faced with. Drilling rigs are critical resources nowadays. What we’ve been doing is, first of all, we have one rig currently drilling in the Garden Banks area, and then we’re going to move this rig to drill another well either in the vicinity or near Corpus Christi.For our ultra deepwater program, specifically the Lower Tertiary plays, we secured a contract with Norway-based Sevan Marine for a newbuild rig, which is expected to be delivered in early 2009. This is the first long-term rig that we have secured for exploration in the GoM.In addition, we are currently in negotiations to bring two more deepwater rigs to the Gulf by late 2008/early 2009. Overall, our plans call for having up to three rigs operating simultaneously in the Gulf. Meanwhile, if any window of opportunity appears, a slot from a rig that may become available, we’ll certainly be very interested.Offshore: What types of technology and experiences is Petrobras bringing to the Gulf? Bertani: When it comes to technology, the first thing that comes to mind is our expertise in deepwater E&P. We are trying to bring what we know from Brazil and use it in the GoM, particularly the FPSO concept.We work here (GoM) in partnership with basically all of the major oil companies, and our approach is always to be a very proactive partner. We have things that we can contribute, but we also understand that our partners have robust portfolios of technologies and strengths, as well.So, basically our approach is: when working in a partnership, cooperation in bringing all necessary technologies to the table so we can move forward with our investment in the most effective way.The other thing, which I think is important for our campaign here in the GoM, is our knowledge obtained from the geology of other basins of the world where we are active. There’s always an element of understanding the geology of reservoir characterization and structural geology that could eventually be extrapolated into the Gulf, of course taking into consideration that there are unique geological conditions in the region.

For example, although regional geologic characteristics are not exactly the same, what we learned in terms of reservoir characteristics and gas deliverability potential in our deep wells in Bolivia is valuable information to help us to better understand the potential of our deep reservoirs on the shelf. Again, we know there are different geologic settings, but there are certain characteristics that could simply be extrapolated.The Petrobras-operated P-48 FPSO (pictured) is one example of the type of technology that the company intends to bring to the Gulf of Mexico. This FPSO currently is permanently installed by an 18-point mooring system on the Caratinga field in 1,000 m of water offshore Brazil. The 268,000-dwt unit is fitted with capacity to process 150,000 b/d and store 2 MMbbl of oil.Offshore: No company has publicly announced plans to deploy an FPSO in the US Gulf of Mexico since the MMS said it would consider an application for this type of facility on Jan. 2, 2002. With that said, how does it feel to be the first company to officially announce plans to use an FPSO in the region? Bertani: The most important aspect here is, not necessarily because Cascade and Chinook are going to be the first developments with an FPSO, but that we are bringing a concept to the GoM with which we are very familiar, especially in deepwater offshore Brazil. This technology will allow for the development of reservoirs that still have significant uncertainty. And even though we have very encouraging results from the Jack well test, still we are dealing with very deep reservoirs and we need to go step by step.Our approach is through phased development with an FPSO. During the first phase, we are going to bring a couple of wells online from each of these fields. Then, as we learn about the reservoirs with these wells, we’ll design the next phases. We’ll add additional wells as we prove the reservoir’s capability to sustain long-term productivity. In the later stage, once we are convinced of the reservoir’s size and capability, we then will consider the possibility of installing a longer-term production facility.

We definitely will start with an FPSO, particularly because it allows us flexibility in applying a phased-development concept. In addition to this, we think the FPSO solution is very appropriate considering the issue of hurricanes in the Gulf. So, we are considering the disconnectable FPSO concept. This allows for quick disconnection in the event of an imminent hurricane, followed by rapid re-connection when the weather is clear.This concept also has a built-in element of safety in that you don’t have to evacuate the platform, the crew stays onboard. Evacuations have a high operational risk, especially when a number of them are being performed simultaneously. This concept can mitigate risk to human life.We’ve been discussing this (FPSO) concept with the MMS and US Coast Guard for a number of years. We wanted to fully understand their concerns and requirements. And at the same time, we wanted to inform them of the operation and types of facilities we’ve been successfully using in Brazil. I think things are converging so that now we are in position to deploy the FPSO concept for these two developments (Cascade & Chinook), with first oil scheduled in 2009.Offshore: Please elaborate on this phased development concept.

Bertani: Once you have phase 1 development, also known as the early production phase, depending on reservoir performance, you can stay with the phase 1 FPSO in-place, expand it, or you can replace it with a full-field development facility. It could be an FPSO, spar, or a number of other options.Offshore: Does Petrobras intend to maintain a specific production level in the GoM? Bertani: Yes. We use a probabilistic exercise that incorporates a weighted average on our portfolio of projects. We estimate that we can expect to reach production levels of around 100,000 b/d by 2013. Now, this could be substantially higher if our projects perform better than expected, or less, if the opposite occurs. This basically is just an exercise we use to help us plan.Offshore: Many companies in the oil and gas industry are having trouble recruiting new, skilled employees. Is Petrobras experiencing this problem? If yes, how is the company dealing with the issue? Bertani: We are exactly in the same boat as many other companies in the industry with shortages of skilled personnel. The way we’re handling this is through a combination of solutions.

First of all, we are trying to recruit through Petrobras’ resources in Brazil. This is an opportunity for Petrobras employees in Brazil to come work in a different environment like the US. It would be a good living experience for them and also an opportunity for us to bring some of those capabilities here to the GoM.Also, we are considering bringing Petrobras employees here from other countries where the company has operations, such as Venezuela, Bolivia, and Argentina.The other thing we are doing, which is more of a long-term solution, is recruiting young graduates from local universities. The idea is to prepare this talent for medium- to long-term careers. They will spend some time in Brazil to learn, not only its technologies, but also its mind-set and culture.Overall, our recruiting strategy is a combination of local talent with more experienced people from Brazil. Without a doubt, this is one of the most critical issues that we as an industry face.Offshore: Given the severe damage inflicted on the Gulf’s infrastructure from hurricanes Katrina and Rita, is Petrobras changing its strategy in any way to help protect its assets from future storms? Do you feel the industry is doing enough to protect future installations and drilling activity? Bertani: Yes. I think the FPSO solution with the disconnectable turret certainly will mitigate some of the risks during a hurricane event. Also, we’re seeing more stringent specifications for moorings, so we will go along with what the industry requires.Offshore: The Gulf of Mexico is home to a number of deepwater production solutions including subsea, compliant towers, converted jackups, various generations of spars and TLPs, semis, and now FPSOs. What do you see as the prominent deepwater production system in the Gulf in five years? Bertani: I think it’s going to be a combination of facilities. The GoM is very well diversified in terms of geologic plays, operational conditions, size of discoveries, and reservoir productivity, so there are many different situations. And I wouldn’t say that each solution would require a particular facility, but certainly there will be room for all these various alternatives. And also, new plays are being discovered and they also will require their own particular solution.I think the bottom line is that technological development will continue to be the key element in any company that wants to be successful. Improving on technological solutions and developing new facilities is going to be absolutely essential.

Offshore: Oil prices are hovering around $60 to $70/bbl (September 2006), and all segments of the oil and gas industry are performing quite well. How long do you think this boom will last? Are we overbuilding in the rig market? Bertani: My perception is that the oil price will continue to be strong, not necessarily at the $70/bbl level; it may even drop below $50 in the next few years. That’s basically because we are seeing many new developments. The industry is continuing to be very active, and there are lots of new investments being planned, not only in the West, but in West Africa, the Caspian area, India, and Italy. Also, the world economy is resilient. At least we are not seeing signs that a $70 oil price is, at least up until now, harming the world economy so badly as to create a world recession.With that said, when we plan our investments, we work on a much more conservative and prudent scenario. Petrobras has recently just announced its long-term business plan indicating that a $35/bbl oil price is being used in planning investments.To answer the rig part...that’s a tough question. The fact is that we are building a very strong portfolio here in the GoM, but we also have a number of options to use rig capacity from our other regional operations such as in Brazil, Angola, Nigeria, and the Black Sea. We see the rig capacities that we are contracting are certainly going to be fully used. I don’t see us having any idle capacity.

Renato Tadeu Bertani was appointed president of Petrobras America Inc. in September 2001. He has served in a number of different capacities with the company since 1984. Bertani holds a bachelors degree in geology from the Federal University of Rio Grande do Sul, and a master’s and doctorate from the University of Illinois.

BP puts Bob Dudley in key Gulf clean-up role By ROBERT BARR, Associated Press Writer - 11:15AM JUNE 23,10

LONDON – BP put Mississippi native Bob Dudley in charge of handling the Gulf of Mexico oil spill on Wednesday, an effort to clean up its image and take the spotlight off chief executive Tony Hayward, the Englishman whose gaffes have infuriated Americans.BP PLC confirmed that Dudley, who grew up in Hattiesburg, Miss., an easy drive from the coast, is now the point man in the mission to stop the oil gusher and deal with the economic damage it has caused.Dudley, who had led BP's operations in the Americas and Asia, is no stranger to tough situations, having protected his company's interests in rough dealing in Russia even after he was barred from the country.The 54-year-old spent two decades climbing the ranks at Amoco Corp., which merged with BP, and lost out to Hayward on the CEO's slot three years ago.Perhaps most importantly, he is a fresh face for the oil company as it attempts to fix the spill and protect its future. Hayward shocked Gulf residents last month when he said I'd like my life back and weeks later went yachting.Dudley was appointed president and chief executive of the newly created Gulf Coast Restoration Organization, effective immediately, and will report to Hayward.In the near term, my focus will be on listening to stakeholders, so we can address concerns and remove obstacles that get in the way of our effectiveness. And we'll build an organization that over the longer term fulfills BP's commitments to the restore the livelihoods and the environment of the Gulf Coast,Dudley said.The reorganization followed a series of humiliations in recent days for BP. Last week it bowed to President Barack Obama's demand that it set up a $20 billion escrow fund to cover damages and to suspend dividend payments, followed a day later by a public thrashing for Hayward before a Congressional committee.Hayward repeatedly apologized and expressed sorrow for the oil leak caused by a fire and explosion on the Deepwater Horizon drilling rig on April 20. Eleven workers on the rig died.Members of the House Energy and Commerce Committee were infuriated when Hayward denied direct responsibility for operational decisions which may have led to the disaster.

You're really insulting our intelligence, Rep. Eliot Engel, a Democrat from New York, said at Thursday's hearing.I am thoroughly disgusted.Hayward had a further public relations gaffe over the weekend when he was photographed at a yacht race, and on Tuesday he ducked out of a previously announced commitment to speak at an oil industry conference in London.A defining moment in BP's response to the disaster came on May 30 with Hayward's unguarded remark that There's no one who wants this over more than I do. I'd like my life back.Prime Minister David Cameron intends to press Obama this weekend at the G8 summit for more clarity on the ultimate financial cost that BP will face, the British leader's office said.Cameron told the House of Commons on Wednesday that the company is prepared to meet its obligations to fund the clean up and compensate those whose businesses have been blighted by the spill.
But we do want to make sure that this remains a strong and stable company, for our benefit but also for the benefit of the United States,Cameron said.BP said the newly formed organization will manage all aspects of the response to the Deepwater Horizon incident and the oil and gas spill in the Gulf of Mexico. That includes clean-up operations, coordinating with the U.S. government and local officials, and managing the $20 billion escrow account.Having grown up in Mississippi, Bob has a deep appreciation and affinity for the Gulf Coast, and believes deeply in BP's commitment to restore the region, Hayward said. Our commitment to the Gulf States is for the long-term. And that requires a more permanent sustainable organization to see it through,Hayward added. BP had said on Tuesday that Dudley would be taking the lead in the United States while Hayward retreated to his chief executive role. Dudley's oil industry career began in 1979 with Amoco, which merged with BP in 1998. Between 1994 and 1997 Dudley was based in Moscow, working on developing Amoco's business in Russia. From 2003 to 2008, he was president and chief executive of TNK-BP, a joint venture in Russia with a consortium of billionaires.In that job, he steered the firm through a series of politically explosive disputes that saw one employee charged with espionage, the company's offices raided by Russian intelligence, an investor boycott and a barrage of tax and labor investigations.