Off the coast of Brazil is a huge oilfield. Ensuring a stable source of Western-Hemisphere oil would be a good thing for us here in the U.S., especially given recent unrest in the Mideast, and uncertainty about the security of the Persian Gulf. So The Obama administration went to Rio last month to make a pitch for rights to the stuff.
Not a successful one, though: it looks like China’s going to drink our milkshake.
Oh well, at least we still have the Keystone Pipeline!
Oh, wait…
4 Comments
No worries – we’ll get all the plastic crap that china makes with that oil
No surprises here. China and Brazil have had a much longer economic relationship. According to the article you linked to China helped finance an almost quarter trillion dollar investment plan by Brazil’s national oil company a few years back in order to ensure oil shipments.
When I saw your link I assumed you had linked to one of my favorite movie scenes ever. I Drink Your Milkshake
Woops, I meant to actually provide a link
http://www.youtube.com/watch?v=baIKQgWAgJY&feature=related