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.
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.
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.