President Obama gives taxpayer dollars to Brazil for offshore oil exploration
Aug 20th, 2009 | By DChristianMoore | Category: Corrupt Obama, Gas Prices, Global Whining, LibertyBlog, State's Rights, What the hell were you people thinkingCorrect me if I am wrong, but I believe that, during the election, President Obama scoffed at those who were pushing efforts to expand oil drilling and other resource exploration. He said we should “properly inflate our tires”, rather than look for more sources of energy. At first I assumed this was the standard argument between those who want aggressive exploration and exploitation of natural resources, and those who seem to think the earth will explode if we actually take steps to expand our economy and power our industrial economy.
Apparently I gave President Obama too much of the benefit of the doubt; for today comes word the President is floating a $2Billion loan to finance offshore oil drilling, by a Brazilian company, off the coast of Brazil. Seriously? You will not let Americans exploit our own resources but dare talk about energy independence? You keep Americans from the jobs that come from running and maintaining offshore oil derricks while speaking about putting the country “back to work”. Not to mention the millions of support and “downstream” jobs in transportation and refining of the oil and gas. Now at a time when the national debt is going to approach 13% of GDP you want to send $2,000,000,000 of my tax money to finance the state owned Oil Company of a center left government in Brazil. Are you comfortable in your hypocrisy Mr. President?
In a completely unrelated story, Obama donor George Soros, alleged money man behind all manner of socialist anti-American causes, last year took an $811 Million stake in Brazilian Oil Company, Petrobras; making Petrobras the largest single holding of Mr. Soros’s hedge fund. Suddenly it makes sense how one can be opposed to offshore drilling here in the U.S., but support it in Brazil.
Preventing oil exploration here, keeps the United States reliant on foreign oil, say from a place like Brazil. Sending our tax money to pay for Petrobras’s offshore drilling in Brazilian waters, prevents Petrobras from having to raise funds in the capital market from private investors, thus protecting the ownership stake of Mr. Soros’s hedge fund. Apparently I can’t call President Obama a hypocrite when it comes to offshore drilling. In fact, he appears to be a very fine employee of the Soros Group.
Update: American Thinker and Hot Air are covering this story as well
Update: I will add Soros’s hedge fund divested itself of its Petrobras holding just before the this was announced, but after the deal had gone through. I am not yet sure what that means, but to paraphrase American Thinker; “It just doesn’t pass the smell test”.
Well that makes perfect sense in that he thinks it’s totally fine for Iran to have “nuclear energy”; which anyone with one quarter a brain knows is tantamount to Iran having a nuclear weapons program, but the last nuclear reactor went online here in the United States before I was born…..nevermind that all these greens out there should be happy with nuclear energy since it is “GHG” free. But whatever….I’ll repeat what I’ve taken from Christopher Horner, green is the new red.
I know it’s very informative article about the Americans government and his president of his investment into the Brazil.i t all about the new planning for Americans to getting the maximum benefits.
Between us speaking, I would go another by.