By Doug Gray, Contributing Reporter
RIO DE JANEIRO - Petrobras’ share price was back up to its year-to-date high of 45 points on the New York Stock Exchange as news of a US$2 Billion loan to Brazil to help facilitate offshore exploration and drilling spread last week.
The US Export-Import Bank has made the funds available, but it comes at a time when President Obama’s opposition to the reintroduction of drilling in much of the US has proven hugely unpopular.
Critics have been quick to scorn the massive loan, claiming the loss of thousands of jobs . . .