Obama and Off-Shore Drilling:
Paying a Brazilian Company to Do What Americans Cannot
(because of his fellow partisans’ policies)
Paying a Brazilian Company to Do What Americans Cannot
(because of his fellow partisans’ policies)
While Bruce has been quite busy with work, he frequently forwards links he receives via Twitter, he alerted me to former Alaska Governor Sarah Palin’s note on Facebook about the President’s decision to grant $2 billion in loans to “to lend billions of dollars to Brazil’s state-owned oil company, Petrobras, to finance exploration of the huge offshore discovery in Brazil’s Tupi oil field in the Santos Basin near Rio de Janeiro.“
So, while Democrats (and a smattering of Republicans) have blocked attempts to exploit resources off our own shores, the Democratic President is helping a foreign country exploit its resources. If his predecessor had done this, liberals would be screaming how he was polluting a third world country in order to secure profits for his cronies in the oil industry.
If we can help subsidize Brazil’s efforts to extract its natural resources, why can’t we allow private companies to exploit our own on their own dime?
Considering this conundrum, Ed Morrissey offers:
Let American companies do what Obama is paying Brazilian companies to do — drill offshore. We won’t have to pay them money or float them any loans to do it, either. In fact, we will make money off of the leases, while the effort creates hundreds of thousands of high-paying jobs in the US, creating more tax revenue rather than emptying out the Treasury.
Michelle speculates about a Soros connection.
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I´m not speculating. It is payback for all the money Soros invested in to get Obama elected. Ex-Gov. Palin was anxious to have drilling in ANWR. Supposedly there is enough petroleum for the next 20 years., not to mention the natural gas they could pipe down t the lower 48. Obama is intent on making us a second rate nation, while doing the so-called right thing; protecting the environment, while China and India want nothing of it and is proceeding to be the industrial leaders of the globe.
Comment by Roberto — August 20, 2009 @ 12:18 pm - August 20, 2009
Drilling for oil, isn’t that going to lead to Global Warming?!?
Comment by DirtCrashr — August 20, 2009 @ 1:44 pm - August 20, 2009
#1: I agree, Roberto. Michelle Malkin is NOT speculating. Bloomberg.com is reporting that Soros has a stake in Brazil’s state-owned oil company worth $811 million. This is not a coincidence–just another confirmation of how profoundly corrupt and hypocritical the Democrats are.
http://www.bloomberg.com/apps/news?pid=20601086&sid=aFHPjfeUvtl8
Comment by Sean A — August 20, 2009 @ 3:49 pm - August 20, 2009
Speaking of which, with all that kerfuffle Obama made about American companies with offhore holdings, was Soros forced to move his company from Curacao?
Comment by ThatGayConservative — August 20, 2009 @ 4:13 pm - August 20, 2009
Soros’s personal investment portfolio includes a 15.4% stake in Petrobras. Coincidence?
Comment by Mary — August 20, 2009 @ 8:13 pm - August 20, 2009
#5 – “Soros’s personal investment portfolio includes a 15.4% stake in Petrobras. Coincidence?”
No.
As with all rich libtards (Algore, the Kennedys, the Clintons et al), just follow the money.
Regards,
Peter H.
Comment by Peter Hughes — August 20, 2009 @ 11:50 pm - August 20, 2009