This may come as a shock to some people, but Barack Obama really does have an energy plan. Yep. For all of you who thought that he was clueless… who thought that as oil prices continue to rise and as conflicts in the Middle East continue to escalate that our president should be coming up with a plan to decrease our dependency on foreign oil, think again. He does have a plan. In a speech on his South American tour, Obama said the U.S. will help develop Brazil’s offshore drilling so that America can buy the oil! Can we PLEASE have an early election?
As noted in an op-ed in Investors Business Daily (IBD), Obama’s trip to South America included a stunning proposal regarding offshore oil drilling. Did Obama tell the world that the U.S. would not be held hostage to volatility in the Middle East? No. Did he say that the U.S. would expand its own oil production so that it would no longer import around 60% of the oil it consumes? No. Instead, Obama said regarding Brazil, “We want to help you with the 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.”
Go ahead, read the statement again. Read it two times. Let it sink in.
Of all the oil Americans consume, only about 40% is produced domestically. I thought Obama was all about “investments,” right? Doesn’t he talk about “winning the future?” It turns out, he’s talking about Brazil’s future. The IBD story reminds us that the Obama team has already supported “the U.S. Export-Import Bank’s plan to lend $2 billion to Brazil’s state-run Petrobras.” That’s right… the plan loans Brazil $2 billion to develop oil drilling technology.
Obama wants to develop Brazilian offshore oil to help the Brazilian economy create jobs for Brazilian workers while Americans are left unemployed in the face of skyrocketing energy prices by an administration that despises fossil fuels as a threat to the environment and wants to increase our dependency on foreign oil.
Sen. David Vitter (R-LA) blasted Obama in comments reported by The Hill.
“It’s ridiculous to ignore our own resources and continue going hat-in-hand to countries like Saudi Arabia and Brazil to beg them to produce more oil,” Vitter said in a statement. “We need to get serious about developing our resources here at home and working toward lower gas prices and long-term energy independence.”
So, that’s Obama’s energy plan: Pay other countries to develop their own oil production, then buy the oil from those countries. Does that sound like a winner to you?