Energy Policy: 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:
- Obama: Drill, Brazil, Drill! – We’ll Pay Brazil to Drill (dewgeneral.wordpress.com)
- Obama approves Brazil drilling Gulf of Mexico (rightpundits.com)
- Obama Praises Brazilian Oil Industry While He Stifles Oil Industry at Home (gatewaypundit.rightnetwork.com)
- Caption This Photo: Brazil Protests Obama’s Visit (bigjournalism.com)
- OMSA: Drill Here, Drill Now (conservatives4congress.com)