AFP - Brazil is set to join the select group of countries that have nuclear-powered submarines, President Dilma Rousseff said Friday.
Rousseff stressed Brazil was committed to peace but also needed its defense deterrent, as she inaugurated a naval shipyard in Rio de Janeiro state where the country’s first nuclear-powered sub is set to be built in partnership with France.
“We can say that with these installations we are entering the select club of countries with nuclear submarines: The United States, Russia, France, Britain and China,” said Rousseff.
Known as the Metallic Structures Construction Unit, the factory in the city of Itaguai near Rio de Janeiro is part of the ambitious ProSub program launched in 2008. Continue reading
You can’t just be making all these bad decisions, one after the other, accidentally; but rather by design. It’s clear by now that the oil and gas industries (nor oil independence) are not a priority as Obama’s financial and political backers (i.e. Soros, Solyndra et al) within the green movement instead need to be rewarded for their loyalty during the 2008 and upcoming 2012 presidential election. You might even be shocked to know that the only oil businesses making large headway are backed by George Soros, drilling and exploring in Brazil — and only for Brazil’s benefit.
BUENOS AIRES — Off the coast of Rio de Janeiro — below a mile of water and two miles of shifting rock, sand and salt — is an ultradeep sea of oil that could turn Brazil into the world’s fourth-largest oil producer, behind Russia, Saudi Arabia and the United States.
The country’s state-controlled oil company, Petrobras, expects to pump 4.9 million barrels a day from the country’s oil fields by 2020, with 40 percent of that coming from the seabed. One and a half million barrels will be bound for export markets.
The United States wants it, but China is getting it.
Less than a month after President Obama visited Brazil in March to make a pitch for oil, Brazilian President Dilma Rousseff was off to Beijing to sign oil contracts with two huge state-owned Chinese companies.
Continue reading article: China gets jump on U.S. for Brazil’s oil (Washington Times)
See also: Obama’s Keystone Denial Prompts Canada to Look to China Sales (Bloomberg)
See also: Up Next… Obama’s New Energy Regulations Will Put 32 Coal Plants Out of Business (Gateway Pundit)