If you saw it in a movie, you’d say it was so preposterous that it was a fatal flaw in the plot. It’s just so unbelievable that it’s…well…unbelievable.
Of course, Fox News reported the story that the other networks couldn’t be bothered with:
Despite President Obama’s moratorium on U.S. deepwater drilling in the Gulf of Mexico, the U.S. Export-Import Bank intends to guarantee $1 billion in loans to PEMEX, the Mexican state oil company, to bolster the company’s oil drilling in the region.
The bank, which is the official American export credit agency, loaned more than $1 billion to PEMEX in 2009 — when the company was the bank’s largest borrower — in support of its drilling activities. That year, the bank also guaranteed two loans totaling $300 million made by a commercial lender.
The latest request comes during a drilling moratorium that was first imposed by Obama in May to find out what was the cause behind the April 20 Deepwater Horizon oil rig explosion killed 11 workers and led to 206 million gallons of oil spewing from BP’s undersea well.
After a federal court struck down the ban amid complaints that it threatened thousands of jobs in the offshore oil industry, the Obama administration issued a new moratorium in July on most deep-water drilling activities that is in effect until Nov. 30.
The Export-Import Bank said the moratorium doesn’t affect its pending deal with PEMEX.
Here’s a knife. Stab me. Here’s a gun. Shoot me. Here’s a rope. Hang me.
Here’s a moratorium. Screw me.
Source: FoxNews.com
This post was last modified on September 13, 2010
View Comments (11)
"the Obama administration issued a new moratorium in July on most deep-water drilling activities that is in effect until Nov. 30."
I'm thinking a lot Obama's policies are going to expire after November.
WHO WILL LET THE DOGS OUT " WE THE PEOPLE will"
During his World Apology Tour he made some seriously bad promises. I think he's gonna get in trouble from something soon.
Like what -- lose the respect of the entire world?
I think he already did that. He just has a tin ear for the lack of people applauding his nonachievements.
"ahhh, I jus wanna spread the oil around, ya know?" ...
mv
Maybe they hate Mexico and are hoping there's an oil spill down there to distract the Obama critics here. ( 2" of oil discovered on the Gulf floor. It didn't just disappear.)
Or it could be a secret plan to create jobs so the illegals won't come to the US?
Nahh.
Didn't Glenn speak to this a few months ago? It is unbelievable that it is not in major newspapers it seems. It is absolutely disgusting.
Unfortunately believable from these thugs.
Bet Soros is involved
Yeah, about any time that something that treats our nation with outright meanness, it's Soros behind it, proving that a total b*stard who got rich screwing the market short selling isn't smart everywhere. I just hope that at some point he loses it all. While I don't normally wish anyone ill, he uses his money for particularly foul purposes.
Mexico deserves the oil more than the United States.
Didn't you read Obama's book?