Posted on 01/21/2012 3:26:40 PM PST by NormsRevenge
COMMENTARY | President Barack Obama has suffered the second embarrassment over oil imports within the space of a week. Brazil, whose offshore deposits of oil were sought by the Obama administration, has signed contracts with China for the product.
According to the Washington Times, Brazilian offshore crude may number about 38 billion barrels. Obama went to Brazil last month to put in a bid for the oil, offering loans and other support to develop the oil in an "environmentally responsible matter," The Hill reported at the time. Republicans criticized that initiative, pointing out Obama has placed roadblocks in the way of domestic development of oil and gas reserves.
Brazil's decision comes on the heels of Obama's refusal to permit the building of the Keystone XL pipeline to bring oil from Canada's tar sands in Alberta to Texas oil refineries, according to the Los Angeles Times. The decision was criticized by Republicans as well as union officials who point out that 20,000 jobs the pipeline would bring would therefore not be created.
Obama's policy in regard to oil and gas has been a study in incompetence driven by an ideological mania against hydrocarbon fuel in favor of more politically correct forms of energy production. This has not only led to what amounts to a campaign against oil and gas production in the U.S., but embarrassing scandals such as Solyndra, brought on by unwise federal loan guarantees to dubious green energy companies.
(Excerpt) Read more at news.yahoo.com ...
President Bend Over finally got one in the end from one of his own. It will be fun to watch Carney the clown square this one.
President Bend Over finally got one in the end from one of his own. It will be fun to watch Carney the clown square this one.
Can you say $5.00 gas for summer vacations this summer?
Oh, and either way, Duh Won will get the scraps from his master’s table.
—Who voted for Prezident O’Dumbo?—
What is even more amazing is those who still have his bumper stickers on their cars. I like to look into the car to see what kind of person still feels strongly enough (or is lazy enough) to keep the sticker on their car.
When I lived in Seattle, there were cars that still had Gore and/or Kerry stickers, but hey, that’s Seattle. ;)
btrl
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