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Posted on 08/19/2009 1:57:29 AM PDT by gratefulwharffratt
Today's Wall Street Journal contains some puzzling news for all Americans who are impacted by high energy prices and who share the goal of moving us toward energy independence.
For years, states rich with an abundance of oil and natural gas have been begging Washington, DC politicians for the right to develop their own natural resources on federal lands and off shore. Such development would mean good paying jobs here in the United States (with health benefits) and the resulting royalties and taxes would provide money for federal coffers that would potentially off-set the need for higher income taxes, reduce the federal debt and deficits, or even help fund a trillion dollar health care plan if one were so inclined to support such a plan.
So why is it that during these tough times, when we have great needs at home, the Obama White House is prepared to send more than two billion of your hard-earned tax dollars to Brazil so that the nation's state-owned oil company, Petrobras, can drill off shore and create jobs developing its own resources? That's all Americans want; but such rational energy development has been continually thwarted by rabid environmentalists, faceless bureaucrats and a seemingly endless parade of lawsuits aimed at shutting down new energy projects.
I'll speak for the talent I have personally witnessed on the oil fields in Alaska when I say no other country in the world has a stronger workforce than America, no other country in the world has better safety standards than America, and no other country in the world has stricter environmental standards than America. Come to Alaska to witness how oil and gas can be developed simultaneously with the preservation of our eco-system. America has the resources. We deserve the opportunity to develop our resources no less than the Brazilians. Millions of Americans know it is true: "Drill, baby, drill." Alaska is proof you can drill and develop, and preserve nature, with its magnificent caribou herds passing by the Trans Alaska Pipeline System (TAPS), completely unaffected. One has to wonder if Obama is playing politics and perhaps refusing a "win" for some states just to play to the left with our money.
The new Gulf of Mexico lease sales tomorrow sound promising and perhaps will move some states in the right direction, but we all know that the extreme environmentalists who serve to block progress elsewhere, including in Alaska, continue to block opportunities. These environmentalists are putting our nation in peril and forcing us to rely on unstable and hostile foreign countries. Mr. Obama can stop the extreme tactics and exert proper government authority to encourage resource development and create jobs and health benefits in the U.S.; instead, he chooses to use American dollars in Brazil that will help to pay the salaries and benefits for Brazilians to drill for resources when the need and desire is great in America.
Buy American is a wonderful slogan, but you can't say in one breath that you want to strengthen our economy and stimulate it, and then in another ship our much-needed dollars to a nation desperate to drill while depriving us of the same opportunity.
- Sarah Palin
Sarah Palin nails this one! Go Sarah!!!
http://www.bloomberg.com/apps/news?pid=20601086&sid=aogq9sBiBhYo
Petrobras May Borrow $5 Billion From U.S. Ex-Im Bank (Update2)
By Helder Marinho and Joshua Goodman
July 30 (Bloomberg) — Petroleo Brasileiro SA said it may more than double its borrowings from the U.S. Export-Import Bank to as much as $5 billion, following a $10 billion loan from China.
Petrobras, as the state-controlled oil company is known, may increase the loans from $2 billion now, Chief Financial Officer Almir Barbassa said today at a press conference in Rio de Janeiro. The initial loan made in April was an opening amount, Fred Hochberg, president of the U.S. bank, said earlier today in an interview in Rio.
The Export-Import Bank met yesterday with Petrobras, and it offered more resources to the company, Brazilian Energy Minister Edison Lobao said at the press conference.
Investment in Brazils oil industry is expected to surge to more than $200 billion over the next five years, buoyed by spending on the Americas largest oil find since 1976. Petrobras in February secured $10 billion in financing from the China Development Bank Corp.
[more at link]
Sarah has the guts now to take on the radical environmental movement. It’s time somebody did.
“We can’t spare this woman. She fights.”
There was one intelligent and capable person in the last presidential race and it was this woman.
Gotta love Sarah...She is coming out swinging...For someone whose future is suppose to be over, she is making a lot of noise. She is doing exactly what she needs to be doing.
Lurking in the back rooms of Washington is Cap & Trade. It has worked its way thought The House of Representatives.
This dangerous monster is still around, it deserves as much scrutiny by the taxpayers as health care.
Town Halls for Cap & Trade ?
I keep seeing that quote, it’s great! Where did it come from? I don’t even know who said it, accurate as it is.
I would love nothing more than seeing her continue to poke a stick into the cage of this administration a few times a week, on just about every issue!
Thanks for posting, btw. I’m not on Facebook.
But with Sarah there, I might have to end my technological embargo. :)
Where are the ELECTED Republicans saying and writing things like this? Is Sarah the only one left with the courage to speak up against this administration?
I have to admit I have my doubts about whether or not she could win a national election (because of all the demonization), but I’d still support her for POTUS cause she’s the only one I see standing for conservative principles.
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