Obama Praises Brazilian Oil Industry While He Blocks Drilling Here at Home

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This is ridiculous….we are dependent on foreign oil because we won’t drill our own oil! I hear a program the other day from a man in Alaska that said they had enough shale oil and natural gas to last no telling how long for the US. And now Obama wants the US to buy huge amounts from Brazil?

President Obama’s speech to a  conference in Brazil where, Obama said the U.S. was anxious to supply technical assistance to Brazil as the South American country develops huge offshore oil reserves. (what? I thought Obama was against off shore drilling, he put a moratorium on the US and forbids it!) Longer term, Obama said the U.S. would become a good customer for Brazilian oil.

But, while Obama praised Brazilian energy production he continues to stifle energy production here at home.
Big Government reported:

To be fair, President Obama is in favor of drilling…but just not in the United States.

His numerous bans, restrictions, and proposed taxes are hamstringing America’s ability to produce more oil and gas and are thereby increasing gas and diesel prices. In fact, even the federal government projects that domestic oil production will drop by 220,000 barrels per day in 2011 due to the President’s anti-drilling agenda. Production in 2012 will drop even more…

Obama Praises Brazilian Oil Industry While He Blocks Drilling Here at Home

At least 7 oil rigs moved out of the Gulf area to other parts of the world since President Obama initiated his moratorium last year.

President Obama defended his trip to Latin America today in an editorial at USA Today. He also praised the expanding Brazilian offshore oil industry.

We’ll also work to strengthen our relationship when it comes to energy. Brazil holds recently discovered oil reserves that could be far larger than ours, and as we seek to increase secure-energy supplies, we look forward to developing a strategic energy partnership. We’ll also continue our shared leadership in green economic growth and clean energy, including everything from biofuels to renewables such as wind and solar power. And as the host of the 2014 World Cup and 2016 Summer Olympics, Brazil is expected to invest more than $200 billion in upgrading its infrastructure — an area where America is primed to be a partner.

That’s strange.
This is the same president who has declared war on domestic oil and gas exploration and production since the first day he moved into the White House.

Exhibit A: His drilling moratorium. Guided by politics and pure emotion following the Gulf spill instead of peer-reviewed science or defensible law, the President used the power of his executive order to impose a deepwater drilling moratorium. The Administration even ignored a court order halting his moratorium. And what is the net result of the President’s (in)actions? A large drilling company was forced to declare bankruptcy, the economy of the region has been hobbled, and at least 7 rigs moved out of the Gulf area to other parts of the world while many others remain idle. Is it any surprise that oil production in the Gulf of Mexico is expected to fall by 240,000 bbl/d in 2011 alone?

It’s hard to deny that the Obama Administration is anti-drilling.

This was no accident. Through a process of what candidate Obama once called “gradual adjustment,” American consumers have seen prices at the pump rise 67 percent since he took office. Let’s not forget that in September 2008, candidate Obama’s Energy Secretary in-waiting said: “Somehow we have to figure out how to boost the price of gasoline to the levels in Europe.” That’s one campaign promise they’re working hard to fulfill! Last week, the British Telegraph reported that the price of petrol in the UK hit £6 a gallon – which comes to about $9.70. If you think $4 a gallon is bad now, just wait till the next crisis causes oil prices to “necessarily” skyrocket. Meanwhile, the vast undeveloped reserves that could help to keep prices at the pump affordable remain locked up because of President Obama’s deliberate unwillingness to drill here and drill now.

Gateway Pundit

BREAKING NEWS: Obama knew of Oil Rig Problems in FEBRUARY not APRIL!

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Well how about this? Maybe Obama and company sat on this and let it happen in order to do some things he wanted to do? Yeah think? It’s very possible.

Highly suspicious stock and share trades by people connected to BP before the explosion indicate some extent of foreknowledge?

Goldman Sachs dumped 44% of its shares in BP Oil during the first quarter of 2010 – shares that subsequently lost 36 percent of their value, equating to $96 million. The current chairman of Goldman Sachs is Bilderberg luminary Peter Sutherland, who is also the former chairman of British Petroleum. (Notice how Goldman Sachs is involved in everything and got bailout money.)

Furthermore, as reported by the London Telegraph on June 5th, Tony Hayward, the current BP CEO sold £1.4 million of his shares in the fuel giant weeks before the spill.

On April 12th, just over one week before the Deepwater Horizon rig exploded, Halliburton, the world’s second largest oilfield services corporation, surprised some by acquiring Boots & Coots, a relatively small but vastly experienced oil well control company.

Halliburton is named in the majority of some two dozen lawsuits filed since the explosion by Gulf Coast people and businesses who claim that the company is to blame for the disaster.

Halliburton was forced to admit in testimony at a congressional hearing last month that it carried out a cementing operation 20 hours before the Gulf of Mexico rig went up in flames. The lawsuits claim that four Halliburton workers stationed on the rig improperly capped the well.

BREAKING NEWS: Obama knew of Oil Rig Problems in FEBRUARY not APRIL!

Uncovered by reporters from Bloomberg News it appears that the administration, according to their own documents, knew of large crack leaks of oil and natural gas at the Deepwater Horizon drilling rig on FEBRUARY 13, 2010. And at some point near that date the rig reported a near miss on a massive explosion that was also reported to the administration. Ooops, say it isn’t so!

And DID NOTHING!!!

See Ed Morrissey’s column has more details…

“It seems incomprehensible that you Mr. President and other members of the administration still have your jobs when it is now being reported that the federal government was apprised by BP on February 13th that the Deepwater Horizon oil rig was leaking oil and natural gas into the ocean floor. In fact according to documents in your own department’s files (MMS) you knew that BP was fighting large cracks at the base of the well for roughly ten days back before the spring thaw had arrived. Further it seems you were also apprised six weeks prior to the rig’s fatal explosion that killed eleven of her workers, when a smart guy from Berkley, you know the global capital of intellectualism, announced to the world a near miss on the rig by stating, “They damn near blew up the rig.” It’s also now being reported it appears that BP was asking for your help on this matter long before the deadly accident and the now gushing well of tar.

As a matter of fact it appears they told you on February 13th, and desired your help.”

Parcbench.com

IDLED OIL RIGS ARE MOVING TO BRAZIL Following Obama’s Drilling Moratorium

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Thanks president Obama, you not only put a lot of people out of a job going against the experts opinion, but you caused the oil rigs that are idle in the Gulf to be sent to Brazil to assist in their deep sea drilling operations.

IDLED OIL RIGS ARE MOVING TO BRAZIL Following Obama’s Drilling Moratorium

Barack Obama’s oil drilling moratorium will cost tens of thousands of American jobs.
But, not everyone will suffer.
Oil companies are planning on moving their rigs from the Gulf of Mexico to South America off the coast of Brazil where the government is more friendly to energy corporations.
Reuters reported, via Free Republic:

Brazil could benefit from the BP Gulf of Mexico spill as a U.S. moratorium on offshore drilling boosts available rigs for the country’s deep water oil exploration program.

Even as an ecological catastrophe makes the future of U.S. offshore drilling less certain, Brazil is plowing ahead with a $220 billion five-year plan to tap oil fields even deeper than BP’s (BP.L) ill-fated Gulf well, which is still leaking crude.

With an estimated 35 rigs idled in the Gulf of Mexico, Brazil is already receiving inquiries from companies looking to move their rigs here, where vast discoveries in recent years may soon turn the country into a major crude exporter.

“What is bad for some may be good for others,” said Fernando Martins, Latin America Vice President for GE Oil and Gas, which provides services to drillers in Brazil.

“Since operators are shutting down at least temporarily in the U.S. Gulf, some companies are planning to move their rigs to Brazil now,” he said, without offering details.

By the way… The Obama Administration fudged their report to push for the oil drilling ban.

Barack Obama urged the Democratic Congress to pass his new tax on oil companies yesterday.

UPDATE: At least Barack Obama’s buddy George Soros will make some money off the deal.

Gateway Pundit

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