John Hinderaker
Power Line
3/19/2011
This, from President Obama’s speech in Rio today, is the latest sign of America’s decline:
In particular, with the new oil finds off Brazil, President Rousseff has said that Brazil wants to be a major supplier of new stable sources of energy, and I’ve told her that the United States wants to be a major customer, which would be a win-win for both our countries.
Under Obama’s new, post-industrial order, petroleum engineering and exploration, drilling and refining are more jobs Americans won’t do. Instead, others create wealth and we pay them for it. With what? doesn’t seem to be a question that occurs to our President.
Related: At Conservative Outlooks, Obama betrays American people, intent is to buy oil from Brazil:
I had suspected ever since I knew about Obama’s trip to Brasil with his Energy Chief Steven Chu in tow, this would be one of the trip’s goals: to forge the first steps of buying oil from Brasilian oil mega-giant Petrobras. Petrobras is 57% owned by the state and the remainder is publicly traded. Petrobras has over $133 billion in assets and recently discovered two huge oil fields off the coast of Rio.
Now we have confirmation of my suspicions. Right from the horse’s mouth. From both Obama’s speech in Rio and the White House blog itself. Yes, I did listen to the entire 23 minute speech but instead of subjecting all of you to a youtube of it, I pulled the quote of interest from Powerline:
In particular, with the new oil finds off Brazil, President Rousseff has said that Brazil wants to be a major supplier of new stable sources of energy, and I’ve told her that the United States wants to be a major customer, which would be a win-win for both our countries.
And from the White House blog, his remarks at the CEO Summit in Brasilia, paragraph 21:
The second place we want to partner with Brazil is on the issue of energy, which is why President Rousseff and I also agreed to launch a Strategic Energy Dialogue. By some estimates, the oil you recently discovered off the shores of Brazil could amount to twice the reserves we have in the United States. We want to work with you. We want to help with technology and support to develop these oil reserves safely, and when you’re ready to start selling, we want to be one of your best customers…
…Here is an interactive map from the USGS on the oil and gas assessment in the US. And it’s a stunner. If only we could be allowed to get it out of the ground…
But wait! There’s more. Petrobras was awarded a permit by BOEMRE in the Gulf off the coast of Louisiana one day before Obama left for Brasil when American companies are frustrated and waiting in line with no action.
Doc Hastings (R-WA) Chair of the House Natural Resources Committee had this to say in a press release about this disturbing turn of events…
Read the whole thing.
