President Barack Obama has finally come out strongly for drilling for oil.
Oh, wait-he’s for drilling in Brazil.
This from Investor’s Business Daily:
While leaving U.S. oil and jobs in the ground, our itinerant president tells a South American neighbor that we’ll help it develop its offshore resources so we can one day import its oil. WHAT?!?…
His “What, me worry?” presidency has given both Americans and our allies plenty to worry about. But in the process of making nice with Brazil, Obama made a mind-boggling announcement that should make even his most loyal supporter cringe:
We will help Brazil develop its offshore oil so we can one day import it.
We have noted this double standard before, particularly when – at a time when the president was railing against tax incentives for U.S. oil companies – we supported the U.S. Export-Import Bank’s plan to lend $2 billion to Brazil’s state-run Petrobras with the promise of more to follow.
Now, with a seven-year offshore drilling ban in effect off of both coasts, on Alaska’s continental shelf and in much of the Gulf of Mexico – and a de facto moratorium covering the rest – Obama tells the Brazilians:
“We want to help you with the technology and support to develop these oil reserves safely. And when you’re ready to start selling, we want to be one of your best customers.”
Obama wants to develop Brazilian offshore oil to help the Brazilian economy create jobs for Brazilian workers while Americans are left unemployed in the face of skyrocketing energy prices by an administration that despises fossil fuels as a threat to the environment and wants to increase our dependency on foreign oil.
Call me crazy-but isn’t this increasing U.S. dependence on foreign oil?
South America isn’t the Middle East, but there is some instability there too. Why would we want to be more dependent on Mr. Chavez’s continent?
I just don’t get it: if fossil fuels are environmentally unacceptable, why would it be acceptable to develop more oil wells in Brazil? This is just confused beyond belief. I sometimes think that the president thinks that the U.S. has been such a bumptious force in world history that his major job is to tame us. His policies are neutering us.
Alternate theory: he doesn’t know what the hell he is doing.