Obama to the World: Come and Take Our Oil
According to reports from Fox News and the Wall Street Journal, President Barack Obama has generously agreed to lend $2 billion to the oil industry for the purpose of offshore drilling. Those of you who have been proponents of this for some time now are probably thinking that the president has finally come to his senses and has taken the first of many concrete steps required in order to reduce America’s dependence on foreign oil.
Not so fast.
Like everything else coming out of the Obama administration, there’s more to this than meets the eye. The government is not lending the money (your money, actually) so that our domestic oil industry can drill offshore and in oil-rich areas with proven reserves such as the Gulf of Mexico. Rather, the government is lending the money to Brazil, so that they can drill offshore and in the Gulf of Mexico.
The recipient of this great act of generosity is Brazil’s quasi-public national oil company, Petrobras, which will use the money for the exploration and drilling of 270 sites in the Gulf of Mexico and over 200 more off the coast of Brazil itself.
For those not knowing much about Petrobras, here are a few interesting facts:
• The Company has been run since 2005 by José Sergio Gabrielli, a firebrand socialist member of Brazil’s leftist Workers’ Party.
• Brazil’s socialist government holds 40% of Petrobras’ shares. The Communist Chinese–who have been guaranteed a supply of 200,000 barrels of oil a day for ten years by the Brazilians in exchange for a $10 billion loan from China’s government earlier this year–also own a significant stake in Petrobras.
• Petrobras’ largest individual shareholder, by far, is none other than leftist billionaire George Soros, whose hedge fund, by some remarkable coincidence, increased its holdings in Petrobras just prior to Obama’s loan announcement.
• Petrobras is currently under investigation by Brazil’s Congress amid allegations that it has padded contracts and paid off politicians.
So the Brazilians will soon be taking oil from the Gulf of Mexico, one of the richest oil fields in the world (and where, until recently, environmentalist protestations have thwarted any drilling attempts by our own government). And, it seems, they will have plenty of company. China, India, Norway, Spain and Russia, to name a few, have all signed agreements with countries bordering the Gulf, such as Cuba and the Bahamas, enabling them to initiate exploration and production in the Gulf of Mexico as well.
Within the next two years, when rigs proudly displaying the flags of Brazil, China, Russia, Cuba and other countries are extracting oil right off our coast in order to fuel their economies, take note of the fact that the one flag you won’t be seeing is the Stars and Stripes. For that, you may have to visit a wind farm.
Why aren’t we up in arms about this!!!!
Outrageous
Treason? Impeachment? It’s time.
Get real people, the oil is not ours; as long as it is out in international waters anybody can tap it. Besides, we all know that U.S oil companies are the moral equivalent of pirates when it comes to resource exploration.
There have already been many good reasons to either charge him with treason or impeach President Obama. This is just another in the long list. When are ‘we the people’ going to take back our country and put an end to our government’s mad dog behavior?
EMILE,
You are obivously a party to the radical madness. Obviously you support
your god obama.
And the Lefties and media thought Bush/Cheney were in bed with Big Oil. I say: “Great!” if they were. At least (if true) you know whose side they’re on.
This guy Obama and his entire administration (along with 3/4 of the Senate and House) have GOT to go.
Al Gore and Harry Reid must be lying awake at night trying to figure this guy out too. And how is this Cap & Trade thing suppose to work when THEY burn OUR oil?????
This isn’t all. I read a few days ago, in relation to this story, that Obama had not long ago and prior to this loan refused lending an American Company 2B to develop domestic nuclear power.
Try sinking a well off of southern China with Old Glory flying high. See what happens. It is ours. Mineral and drilling rights extend 200 nauticl miles offshore. Its called the exclusive economic zone. That is not only nationally recognized but internationally as well. In addition, mineral rights can extend the entire distance of the continental shelf (of which florida has a very large one) or up to a maximum of 350 nm. China has wells 50 nm off of the coast of Florida (in the straights) authorized by Obamas buddy Fidel. Yet, Florida cannot drill at all (even the proposed 90 nm limit) due to the “common man” loving Leftists. Sounds like they do love the “commie” man though. They are knowingly allowing foreign companies (corrupt and without a doubt socialists) to benefit from the land we died and continue dying to defend. The ‘goths are not at the gate. They are already in the city!
I’ll tell you why, we have a communist president and a bunch of radicals controlling our government. This government must be stopped.
We must vote out these people asap and reverse all these radical policies that are destroying our economy and freedom. A march on capitol hill is a starting place.
I encourage and hope that everyone would quit calling this guy President. He’s no President and I refuse to address him as such.
Do your home work and study his past. His entire life has been associated with socialist teachings. It really saddens me that so many people voted for this guy in the name of change. If they had only researched his background. No experience what so ever and a Communist not unlike Hitler. His schooling by none other than Saul Alinsky.
His recent hiring of Van Jones a professed communist should be enough to expose his radical agenda. He see’s himself as the leader of the new world order already in motion. Read his books, he’s obviously a racists and his words speak volumes of how he hates capitalism. Redistribution of wealth !!!! Let the government take care off all your needs.