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Editor’s Note: You can’t make this stuff
up!
Washington Beat...
Obama Calls for Oil
Drilling... in Brazil
President Obama is finally calling for offshore drilling….in Brazil.
Obama told a group of Brazilian businessmen at a CEO summit during his
trip to South America over the weekend they should begin drilling in
their offshore oil reserves so the United States can be a paying
customer in the future, adding that the United States would help them
do it.
“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. At a time when we’ve been reminded how
easily instability in other parts of the world can affect the price of
oil, the United States could not be happier with the potential for a
new, stable source of energy.”
Obama’s comments come as his administration refuses to lift a 7-year
ban on offshore drilling here in the United States and continues to
demonize the oil and gas industries as energy prices continue to rise
and unemployment still hovers around 9 percent. Let’s not forget Obama
has blocked access to U.S. oil and natural gas production by issuing a
moratorium on offshore drilling in the Gulf of Mexico and has revoked
onshore leases since taking office. Don’t be fooled when the
administration says they have been working to open up energy resources
in the United States as the administration has only issued three
permits allowing for deep water exploration, not drilling.
And just for grins...
Obama Budget Blunder
This week, the Congressional Budget Office came out with new figures
showing President Obama’s budget projections are off by over $2
trillion. The unpredicted $2 trillion will have a substantial impact on
the U.S., rapidly growing debt and deficit. The CBO now estimates that
10 years of deficits will add up to nearly $10 trillion under Obama’s
proposal, and the even scarier number comes in 2021, when the debt
would total 87 percent of GDP, totalling nearly $23 trillion in debt.
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