But have no fear. Obama’s great relationship with Brazil and the loan guarantees the American taxpayers have given, will get us Brazilian oil. Right?
Well, maybe not.
From the Washington Times:
Off the coast of Rio de Janeiro — below a mile of water and two miles of shifting rock, sand and salt — is an ultradeep sea of oil that could turn Brazil into the world’s fourth-largest oil producer, behind Russia, Saudi Arabia and the United States.
The country’s state-controlled oil company, Petrobras, expects to pump 4.9 million barrels a day from the country’s oil fields by 2020, with 40 percent of that coming from the seabed. One and a half million barrels will be bound for export markets.
The United States wants it, but China is getting it.
Less than a month after President Obama visited Brazil in March to make a pitch for oil, Brazilian President Dilma Rousseff was off to Beijing to sign oil contracts with two huge state-owned Chinese companies.
The deals are part of a growing oil relationship between the two countries that, thanks to a series of billion-dollar agreements, is giving China greater influence over Brazil’s oil frontier.
Chinese oil companies are pushing to meet mandatory expansion targets by inking deals across Africa and Latin America, but they are especially interested in Brazil.
Great. Not only is Obama destroying our energy resources, but the foreign resources that we are giving our tax dollars to help develop are going to our arch rival, China.
Great. Another fine victory from the Obama regime.
To err is human, but to really screw things up, you need to Obama regime.
There is an alternative. We can get leadership in office who will work to crash oil prices for Americans.
Of course, Obama has no interest in Americans having cheap and abundant fuel. That is not in his socialist dream for America.
- Obama – Thinks Americans Are Stupid (lettingfreedomring.com)
- There are lies, damn lies, and Obama regime policies – Tea Party Nation (gds44.wordpress.com)