Further, our president intends to back up his support for Brazil with the promise of U.S. taxpayer financing to help fund Brazil’s drilling operations, which consequently will create thousands of new jobs in Brazil. He is quoted as saying,
“We want to work with you. We want to help with 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.”
One wonders why President Obama wants to be one of Brazil's best customers of oil and gas when there are millions of Americans who would be eager to be the best customers of new supplies of oil and gas produced by workers in Louisiana, Alaska, and Virginia? Indeed, the consequences of President Obama’s drilling moratorium last summer and the administration’s subsequent refusal to issue new drilling permits has been partially responsible for the soaring gas prices we are currently experiencing.
Further, these actions alone have cost the United States a loss of at least 20,000 jobs. The long term consequences of that moratorium and lack of new drilling permits has further caused at least seven deep water oil rigs to plan to leave the Gulf of Mexico for work elsewhere on the globe. Those jobs will likely be gone from U.S. shores for many years to come.
So while our gasoline and diesel prices continue to climb drastically, especially with the upheaval in the Middle East, our President continues to prevent the development of domestic sources of energy from going forward. He then applauds this very same development in a foreign nation and promises U.S. taxpayer dollars in support of the venture. One wonders if he realizes that he is supposed to be working to help the economy of the nation for which he presumably is the president thereof and to thus create jobs in the UNITED STATES.
The incompetence, hypocrisy, and lack of foresight in our President has reached capricious levels. One wonders what gas prices and the REAL unemployment rate will look like come 2012 accordingly?
