Monday, March 21, 2011

Drill baby drill!

RIO DE JANEIRO – Brazilian oil giant Petrobras said it received approval from U.S. officials to begin oil and gas production from fields in the deepwater Gulf of Mexico.

The U.S. Bureau of Ocean Energy Management, Regulation and Enforcement, or BOEMRE, approved a production license on Thursday for Petrobras America, Inc., a unit of Petrobras, covering the Cascade-Chinook project.

Other companies can't "explore" in the Gulf of Mexico, but Petrobras can?
I'm sure this is just a coincidence

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