Let me get this straight...Obama authorizes a $2 BILLION dollar loan to Brazil to drill for oil offshore, but has all but shut down new exploration anywhere in the United States?
If the goal is energy independence, what better way to achieve it by unleashing AMERICAN workers and business and let them harness all the oil, gas, hydroelectric, coal, nuclear power options that the good Lord has given us? What possible motivation could you have to loan another country billions to explore for oil, but forbid your own countrymen the potential tax revenue, job creation and lower fuel bills possible by harvesting our own resources?
UPDATE: Obama supporter and major Dem donor George Soros invested $811 million into Petrobas, Brazil's state-owned oil company, shortly before this loan was announced. Coincidence? Nah, not from this White House.
If the goal is to stop "global warming," why would we be encouraging another country to drill for "evil fossil fuels?" Obviously this is even more evidence that liberals know "global warming" is a scam and no real threat to mankind. We see this by the continuing declines in global temperature and the continued release of studies that refute the terribly biased IPCC work done at the UN and breathlessly reported by the state run media.
For an administration supposedly trying their best to "stimulate" the economy, it seems they are completely oblivious to the opportunities that exist in our own backyard that cost taxpayers nothing!
The Marcellus Shale formation in New York, Pennsylvania, West Virginia and Ohio is estimated by researchers at Penn State to contain 1,300 trillion cubic feet of natural gas. The economic value to the state's economy? Try these numbers for size: it would add $14 billion to the state's economy in 2010, create more than 98,000 jobs and generate $800 million in state and local tax revenues! The Saudi Arabia Of Shale
Shovel-ready stimulus? How about one that'll create at least a million jobs, give our economy a multitrillion-dollar boost, make our nation energy-secure and won't cost us a penny? Crude Stimulus
For Further Reading:
YOUR TAX DOLLARS HARD AT WORK: FIRST CARS, NOW FOREIGN OIL. -- Sarah Palin, who knows a little about the benefits of a sane domestic energy policy, chimes in.
Will Russia Drill Off Florida's Coast? -- This is an excellent article of why you never elect Democrats. Thanks Jimmy Carter for this little bonus.
The Gas Prices We Deserve -- George Will from last year with an excellent piece.