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  • "Drill, Brazil, Drill," Obama Says

    It took them a week and a half, but The Washington Post editorial board has finally noted the absurdity of President Barack Obama’s support for oil drilling … in other countries. From today’s paper:

    When was the last time an American president stood before an audience in a foreign country and announced that he looked forward to importing more of its oil? Answer: Just over a week ago, when President Obama joined political and business leaders in Brasilia in hailing the fact that their newly discovered offshore petroleum reserves might be twice as large as those in the United States. Americans “want to help with 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,” Mr. Obama said.

    As for offshore drilling, Mr. Obama’s enthusiasm for punching holes in the ocean floor off Brazil is hard to reconcile with his decision, announced Dec. 1, to keep the waters off the East and West coasts and the eastern Gulf of Mexico off-limits to exploration indefinitely. His policy was a reversal of an earlier decision he had made to open some of those areas. We can understand that reversal, after the massive oil spill in the western Gulf last year. And, demonstrating a measure of flexibility even after the disaster, the administration has announced five deep-water drilling permits in the western Gulf since the spill.

    Heritage analysts Nicolas Loris and John Ligon have detailed just how much energy President Obama is leaving undeveloped here in the United States:
    * Access onshore and offshore: At least 19 billion barrels of easily recoverable oil lie off the currently restricted Pacific and Atlantic coasts and the eastern Gulf of Mexico. Another 19 billion barrels estimated to be in the Chukchi Sea off the Alaskan coast are inaccessible because of onerous regulations, such as acquiring air-quality permits. The U.S. Environmental Appeals Board invalidated the Environmental Protection Agency’s permit approval for that area after appeals from environmental groups. Another obvious and senseless restriction is in the Arctic National Wildlife Refuge, where an estimated 10 billion barrels of oil lie beneath a few thousand acres that can be accessed with minimal environmental impact. Those 10 billion barrels are equivalent to 16 years’ worth of imports from Saudi Arabia at the current rate.
    * Access to oil shale: According to the U.S. Department of the Interior and the Bureau of Land Management, there are 800 billion barrels (a moderate estimate) of recoverable oil from oil shale in the Green River Formation, which goes through Colorado, Utah, and Wyoming. This is three times greater than the proven oil reserves of Saudi Arabia. While the technology is still developing and environmental considerations need to be taken into account, the Administration should not create onerous restrictions stifling commercial investment in research and technology that would make the process economically viable and safe for the environment.

    Posted in Energy [slideshow_deploy]

    11 Responses to "Drill, Brazil, Drill," Obama Says

    1. LibertyAtStake, Alex says:

      Hypocrisy Thy Name is Progressive.

      "Because the Only Good Progressive is a Failed Progressive"

    2. Casey, West Palm Bea says:

      Excellent observation. Why aren't we requesting, no demanding an explanation of this anti-business attitude and behavior?

      If there is a possible explanation it would be that President Obama is strategically tricking everyone else to exploit their reserves so we will be the only kids on the block with oil when the rest is dried up…say in about 200 years. Yeah, that's gotta be it.

      After all, he did said that he wanted to stop the U.S. dependence on foreign oil…he didn't say when.

    3. George Colgrove VA says:

      The fact that Obama's loyal and well off federal workforce is bent on supporting Brazil's oil industry at the cost of 100,000's of American energy jobs is proof positive that environmentalism and a "clean planet" is not the drive the left leaning feds.

      Their drive is to take as much from the American Taxpayer to make their personal lives rich and full of privalege and to make our lives as much dependent on them as possible. The feds are the lords and we are their serfs. These feds have killed millions of jobs in their regulations and policies and what they could not do by that, they have taken by enriching their purses.

      Every count, when you look at what these feds do, it is against us and for them. The Brazilian company they are supporting was mostly owned by Obama's best buddy Soros. Though Soros has sold off his shares, I am sure the increased value in the company because of the suuport it has from the federal workforce gave Soros a healthy return on his investment. Nice to have a inside tract. Looks like for all things fed, a good campaign contribution goes far!

    4. Lloyd Scallan (New O says:

      Perhaps it's because I lived in South Louisiana most of my 65 years. Perhaps it's because I have been involved with the offshore oil industry most of my life. Perhaps it's just common sense. But to watch and understand the pure deception Obama has and continues to use to force us to remain dependent on oil from foreign sources instead of tapping into our own deposits on and offshore, is beyond beleif.

      From his deliberate actions to cause the BP "crises" clean-up much worse than it had to be, to the "magic bullet" like cover-up of the true reason the well's BOP failed, it is hard to understand why the American people cannot recognize what Obama is doing to this country's economy.

      His ideology to "spread the wealth" by forcing use to continue to buy oil from third world countires, where his buddies have invested millions, and his continued support of foreign dictators with our oil money, is in plain sight. Then when you recognize who the president of Brazil is, and her past as a communist revolutionist and gorilla fighter against own her government, you then might understand just what Obama's final goal is.

    5. Leon Lundquist, Dura says:

      See guys? When I said "Obama serves the Foreign Interest exclusively," what for the last two years? This is what I meant! I wasn't perpetrating "Hate Speech!" It is true political speech! Horrible, yes. Hateful? Well sure. Don't hate the Traitor, hate me. So it is Billions of American Capital to Brazil and nothing to Alaska! And only the Socialist Nations. Who is next? Hugo?

    6. Pingback: In the News, 29 March 2011

    7. HawkWatcher, Mi. says:

      Obama indicated he would do things like this.

      "Spread the wealth around…" "Redistribution…"

      He's going global. Let's stop him in 2012.

    8. Pingback: Dr. Economy Barack Obama says: Give me One BILLION Dollars and I’ll Redistribute it to ME! |

    9. Pingback: Cooler Heads Digest 1 April 2011

    10. Varena Barber, South says:

      It was my understanding that the President loaned this Oil company $2 Billion

      tax payers to this Oil company to drill off the coast of Brazil and that all of the

      oil would be going to China and not the USA.

      Any truth to this?

    11. Varena Barber, South says:

      All of these comments by your viewers appear to be right on the money.

      I hope everyone votes in 2012.

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