Quote:
Originally Posted by Shell
Why would we loan a "measly" 2 billion to the already super-rich oil company, Petrobas in Brazil? (see youtubes above)
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In a project of this magnitude it's unheard for a corporation to go forward without outside funding.
It may surprise you to learn that with very few exceptions even the largest companies in the world operate under a debt load. It's the way business works.
Petrobras isn't taking a loan just for kicks. They lack the available liquid assets to make this happen. They were going to have to take outside funds to make this happen. Would you rather they'd gone to the Chinese instead, maybe?
And this is discounting all the above reasons why this isn't anything to get worked up over.
Whole thread is a non-starter.