Green Room

No Offshore Oil Drilling for the USA; But let’s Pay Brazil to Drill?

posted at 9:11 am on August 18, 2009 by

This morning’s Wall Street Journal tells us the Obama Administration is considering sending billions of dollars to Brazil to drill for oil….offshore…within miles of Rio. Yet, we can’t open up offshore drilling here, in America?  “Drill here, drill now” has been replaced with “Drill there…soon as you can…and we’ll help pay for it?”

“The U.S. is going to lend billions of dollars to Brazil’s state-owned oil company, Petrobras, to finance exploration of the huge offshore discovery in Brazil’s Tupi oil field in the Santos Basin near Rio de Janeiro. Brazil’s planning minister confirmed that White House National Security Adviser James Jones met this month with Brazilian officials to talk about the loan.”

So, let me get this straight…we are going to underwrite Brazil’s offshore oil extraction while at the same time not allow new offshore oil drilling off coastal America?  Brazil will realize a fortune, while we are going to become more dependent on foreign oil imports?

By freezing offshore drilling here in the US, we are allowing for no transition capability.  The gurus of the Obama Administration seem to believe that we can jump from “dirty” energy to “clean” energy overnight?

The usual suspects appear to have this notion that if only we’d all use clean energy, all of our energy problems would be solved?

Those wonderful new clean energy schemes are decades away from replacing even a tenth of our energy requirements today.  Decades from now, no one knows what our energy requirements might be.  Thus, for all the fanfare about clean energy, under the Obama rubric, we may be less energy independent in 2020 or 2030 than we are now.

But, Brazil, China, Russia, and others can drill in the Western Hemisphere at will, and in Brazil’s case, on our dime?

We have known oil and coal resources in the United States that could easily fuel America, and fuel that critical energy transition period, well past 2050.  Yet, we are prevented from fully using any of these resources nor seek and exploit new  sources?

It is also significant that James Jones was doing the talking.  Obama didn’t send an energy expert, nor a foreign policy expert nor anyone with U.S. Export-Import Bank experience…but a national security official.

Well, at least the Obama Administration got it partially correct…energy, our being able to use our own resources here,  independent of the despots and oligarchs abroad, is a national security issue.

…and one that must not be ignored…nor willfully hidden.

And then there is that one “clean” energy resource the Obama Administration has effectively killed for the present…by shutting down Yucca Mountain. The Obama-Reid coalition have placed a huge roadblock to any expansion of nuclear energy.  Thus, in Obama-speak, we’d like to use nuclear energy more, but unless we can find totally clean and safe nuclear energy we’d best not use it at all.    Having a safe place for long-term storage of nuclear waste until processes can be expanded to burn it, vaporize it, otherwise render it harmless have been stopped..by the Obama Administration.

Gee, Mom, I’d love to pick you up at the Old Folks Home, take you for a drive along the shore, but I decided to wreck my car, so have fun playing solitaire instead.   But, I love ya, Mom.

While most of America is focused on Health Care…out of sight of most Americans, the Obama Administration’s energy policies are pushing us faster and faster to near total energy dependency instead of energy independence…becoming entirely dependent on other nations who understand the real world a lot better than the current crew in Washington.

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Idiots! The whole lot of them.

HoustonRight on August 18, 2009 at 9:59 AM

Hasn’t this been the goal the entire time? Kruschev proudly claimed to destroy the US from within. Did we take him at his word? Apparently not. Today’s entire field of leftist are all tools of that mantra “destroy the evil United States” and the world will become a utopia.

larvcom on August 18, 2009 at 10:32 AM

FIRE THEM ALL AMERICA

easyone on August 18, 2009 at 10:42 AM

If RFK,Jr got his trust fund money from oil instead of booze, he would be all for drilling in the US. Wonder how the greenies feel about giving their hard earned tax dollars to the Brazilians to drill for evil oil? How is this going to save the planet?

Kissmygrits on August 18, 2009 at 11:28 AM

Americans don’t seem to realize that anything you have can be taken away. We have enjoyed being “at the top” in advances and lifestyle for the past 150 years. Somehow we thought we always would be. This administration proves that is not the case. They truly do want to “break us down” so that they can “rebuild us”.

texabama on August 18, 2009 at 11:40 AM

China is drilling diagonally in the gulf, and this?
If drilling would help GE & Al Gore, they would be doing it.

Jason58 on August 18, 2009 at 12:40 PM

Last year, Petrobras had a huge discovery in their offshore deepwater area (in Tupi Field, http://www.aapg.org/explorer/2008/01jan/tupi.cfm). I now see Tupi was mentioned in the above article. Anyway, when this news was made public, it generated a lot of buzz in the oil and gas industry. If reserves estimates are right, Tupi is HUGE and has a lot of potential. I don’t know what the Obama administration is angling at by financing Brazilian drilling, but maybe they are hoping Tupi will be the next big giant and we can strike some kind of deal with Brazil so that a friendlier nation will be supplying our oil instead of the crazies in Saudi and Venezuela?

It’s like they can have their cake and eat it too: they can not allow drilling off the US to appease the environmentalists, and hopefully get a different source of oil. Obviously all their talk about ending dependence on foreign oil is a bunch of bull.

And I had no idea they are terminating Yucca Mountain. That is such a huge mistake. I know there is already-created nuclear waste that has been sitting around waiting to go to Yucca Mtn.

dagny on August 18, 2009 at 1:26 PM

IBD had pretty much the same editorial several days earlier:

http://www.ibdeditorial.com/IBDArticles.aspx?id=334968315717535

Writer gal on August 18, 2009 at 1:50 PM

Perhaps George Soros would know more about this deal. 23% of his $2.6 billion fund is in PetroBras stock.

Just sayin’.

FreakyBoy on August 18, 2009 at 2:04 PM