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Obama Underwrites Offshore Drilling

By PMA

The Wall Street Journal has a great editorial today with the headline, “Obama Underwrites Offshore Drilling”—and the subhead, “Too bad it’s not in U.S. waters.” The gist of it is: 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... »

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