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Steven Holt: “Earlier the gentleman mentioned Brazil. The bill before us would grant a blanket extension for leases in the gulf that…”

On the recordMay 10, 2011
Earlier the gentleman mentioned Brazil. The bill before us would grant a blanket extension for leases in the gulf that are about to expire. And according to the Interior Department, this amendment would extend about 100 leases and costs about $6 million over 10 years. Well, 12 of those leases that would be extended automatically belong to Petrobras, the Brazilian oil giant. It would, indeed, provide a windfall given from American taxpayers to the State- owned Brazilian oil giant Petrobras. Yes, this bill in front of us now. I am pleased to yield 3 minutes to the gentlewoman from Florida, Representative Castor, who, unlike some of the debaters today, is someone who actually lives on the Gulf of Mexico.
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Steven Holt
Source
govinfo.gov
May 10, 2011

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