Barack Obama on Domestic Energy Policy:
Voted YES on removing oil & gas exploration subsidies. (Jun 2007)
We cannot drill our way out of our addiction to oil. (Oct 2006) [Not when Brazil can do it for us]
http://www.rigzone.com/news/article.asp?a_id=79003
Excerpt:
The U.S. government is prepared to provide up to $10 billion in loans to finance the development of massive hydrocarbon reserves off Brazil's coast, a Brazilian official said Wednesday.
President Barack Obama's national security adviser, Gen. James Jones, discussed the matter with officials this week during a visit to the South American country, Brazilian Planning Minister Paulo Bernardo da Silva told reporters.
He said the U.S. Export-Import Bank already has signed a letter of intent in that regard with Brazilian state oil company Petrobras.
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The U.S. Export-Import Bank,and subsequently this venture for those not aware, is backed by the American Taxpayer (hello! it's a Government entity) contrary to what they themselves are charging here: http://www.exim.gov/brazil/pressrelease_082009.cfm
Even Ron Paul (love him or hate him but the fact is he not only is on the House Committee on Financial Services and there's hardly any dispute that he doesn't know his stuff on monetary issues) has attested to as much here:
http://www.house.gov/paul/congrec/congrec2002/cr050102.htm
But here is the icing on the cake....
Soros Invests $811 Million In Brazilian Oil
http://seekingalpha.com/article/122085-hedge-fund-portfolio-tracking-soros-fund-management-george-soros-q4-2008
There was a time when Democrats might have had some credibility when they spoke of $200 Billion Reagan deficits as far as the eyes can see or their protests about the Republican Party and their allegience to "Big Oil" or "Big Pharma".
Dare I suggest those days have long since passed.
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