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Brazil Stiffs Obama on Oil Deal, Exposing President's Incompetence
Yahoo ^ | 1/21/12 | Mark Whittington

Posted on 01/21/2012 3:26:40 PM PST by NormsRevenge

COMMENTARY | President Barack Obama has suffered the second embarrassment over oil imports within the space of a week. Brazil, whose offshore deposits of oil were sought by the Obama administration, has signed contracts with China for the product.

According to the Washington Times, Brazilian offshore crude may number about 38 billion barrels. Obama went to Brazil last month to put in a bid for the oil, offering loans and other support to develop the oil in an "environmentally responsible matter," The Hill reported at the time. Republicans criticized that initiative, pointing out Obama has placed roadblocks in the way of domestic development of oil and gas reserves.

Brazil's decision comes on the heels of Obama's refusal to permit the building of the Keystone XL pipeline to bring oil from Canada's tar sands in Alberta to Texas oil refineries, according to the Los Angeles Times. The decision was criticized by Republicans as well as union officials who point out that 20,000 jobs the pipeline would bring would therefore not be created.

Obama's policy in regard to oil and gas has been a study in incompetence driven by an ideological mania against hydrocarbon fuel in favor of more politically correct forms of energy production. This has not only led to what amounts to a campaign against oil and gas production in the U.S., but embarrassing scandals such as Solyndra, brought on by unwise federal loan guarantees to dubious green energy companies.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Breaking News; Business/Economy; Crime/Corruption; Foreign Affairs; Front Page News; Government
KEYWORDS: 7dollargas; agw; agwfraud; bhofascism; bhogasprices; bhotreason; brazil; corruption; crushobama; democrats; drillheredrillnow; elections; energy; envirofascism; fail; fubogtfo2012; gasprices; globalwarminghoax; greenenergyfraud; greenfraud; impeach; incompetence; keystone; keystonexl; liberalfascism; nationalsecurityfail; nobama; nobama2012; nodemocrats2012; obama; obamasbestcustomer; obamatruthfile; oil; opec; petrobas; petrobasloan; solyndra; soros; stiffs; thegreenlie
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1 posted on 01/21/2012 3:26:44 PM PST by NormsRevenge
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Who voted for Prezident O’Dumbo?

Makes ya scratch your head.


2 posted on 01/21/2012 3:28:06 PM PST by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Obama: Epic Fail or Bust!!!)
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To: NormsRevenge
nobama is the death star. He kills anything good for the United States. nobama is the Reverse Midas...everything he touches turns to crap. nobama is the Destroyer . I don't believe anyone voted for this insipid, craven fool. EVERY vote was fraudulent.
3 posted on 01/21/2012 3:33:44 PM PST by hal ogen (1st Amendment or Reeducation Camp?)
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To: NormsRevenge

Didn’t obama already loan soros and petrobas an ungodly amount of money last summer to ‘lock in” this deal?


4 posted on 01/21/2012 3:36:43 PM PST by Kakaze (Exterminate Islamofacism and apologize for nothing....except not doing it sooner!)
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To: NormsRevenge

OK, so the world still hates us, but at least the oceans stopped rising and our planet is healing.


5 posted on 01/21/2012 3:37:39 PM PST by 1010RD (First, Do No Harm)
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To: NormsRevenge
PROFOBAMA
6 posted on 01/21/2012 3:38:16 PM PST by FrankR (When you vote based on race...race is all you get.)
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To: hal ogen

What happened to the 2 billion dollars plus subsidizing Petrobas, a company soros owns a piece of? what of all the drilling rigs that left the gulf for southern climes?

a walking black hole..


7 posted on 01/21/2012 3:38:50 PM PST by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Obama: Epic Fail or Bust!!!)
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To: hal ogen
You might enjoy this blast from the past:

(Vanity) Barack Obama and Reinhold Neibuhr, or, He Finds Your Lack of Faith Disturbing

Cheers!

8 posted on 01/21/2012 3:39:11 PM PST by grey_whiskers (The opinions are solely those of the author and are subject to change without notice.)
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To: NormsRevenge

Oh well, I guess we’ll just have to make do without the oil...


9 posted on 01/21/2012 3:39:58 PM PST by oblomov
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To: Kakaze

I think ‘schmuck’ might be an appropriate word here.


10 posted on 01/21/2012 3:40:33 PM PST by fhayek
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To: NormsRevenge
Obama's policy in regard to oil and gas has been a study in incompetence driven by an ideological mania against hydrocarbon fuel in favor of more politically correct forms of energy production.

Even Yahoo is dissing Obama?

Isn't this the country we gave five billion dollars to develop their offshore oil discovery? didn't Soros have a major investment in this oil company.

11 posted on 01/21/2012 3:40:52 PM PST by oldbrowser (They are Marxists, don't call them democrats)
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To: grey_whiskers

Ha. LOL!


12 posted on 01/21/2012 3:42:43 PM PST by hal ogen (1st Amendment or Reeducation Camp?)
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To: oldbrowser
didn't Soros have a major investment in this oil company.

The Chinese are not squeamish about paying bribes.

13 posted on 01/21/2012 3:42:55 PM PST by Lurker (The avalanche has begun. The pebbles no longer have a vote.)
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To: NormsRevenge
'20,000 jobs the pipeline would bring would therefore not be created.

Yes they will. They just won't be Americans.

Canada is going to build a pipeline to send that oil to market. It will go across Canada to the west coast and from there the oil goes to China to be refined and sold into the Chinese market.

Canadians and Chinese will go to work. Americans will sit on their couches and hope for O's sustainable economy to kick in.

O's economic program is going to put millions to work. Just not in the US.

14 posted on 01/21/2012 3:43:55 PM PST by marron
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To: fhayek
I think ‘schmuck’ might be an appropriate word here.

That is a much nicer word then I have been using.

Let us not forget all of the gulf rigs that left after B.P. I would imagine most of them are on their way to Brazil.

15 posted on 01/21/2012 3:52:49 PM PST by Kakaze (Exterminate Islamofacism and apologize for nothing....except not doing it sooner!)
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To: NormsRevenge

I don’t know that I would assume that Obama wanted this oil for the US. He may have wanted it for China. By using American taxpayer dollars to bail out GM, he allowed GM to keep their prices low and sell more cars in China. Those GM cars in China need gas too.


16 posted on 01/21/2012 3:54:46 PM PST by blueunicorn6 ("A crack shot and a good dancer")
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To: Kakaze

Obama loaned Brazil $10 BIILLION and it given to Petrobras, the Brazilian government-owned company that George Soros owns a lot of shares in or did own slot of shares in at the time.


17 posted on 01/21/2012 3:56:37 PM PST by PMAS
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To: NormsRevenge
Brazil Stiffs Obama on Oil Deal, Exposing President's Incompetence

Oh sure Yahoo, give Brazil ALL the credit!

18 posted on 01/21/2012 3:59:21 PM PST by EGPWS (Trust in God, question everyone else)
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To: NormsRevenge

Yes, at the same time that he was shutting down all drilling and production in the Gulf, I read stories that he was giving major funding to Brazil for offshore drilling.

But I suspect that he told them he would only give them the money if they promised to sell the oil to China. That’s the way he operates. It’s not just stupidity, it’s deliberate evil.


19 posted on 01/21/2012 3:59:26 PM PST by Cicero (Marcus Tullius)
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To: NormsRevenge

Obama....the brilliant idiot!


20 posted on 01/21/2012 3:59:36 PM PST by oust the louse (The presstitutes think after 2 primaries it's over and Mittens is the one...Santorum says: GAME ON)
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To: NormsRevenge
From the article:

A new energy crisis this summer, brought on by turmoil in the Middle East, is not outside the realm of possibility. The bad news is Americans will suffer, just as they did in 1973 and 1979. The good news is Americans are likely to make their ire known at the polls in the fall.

Obama was probably elected fair and square. Unfortunately, we are not immune from the consequences of the folly of the voters.
Perhaps the article's author is right and they'll learn from their mistake...though for many, I rather doubt it.

21 posted on 01/21/2012 3:59:58 PM PST by stormhill
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To: NormsRevenge

Why does Obama think it is okay for Brazil to drill for oil offshore but not us?


22 posted on 01/21/2012 4:00:33 PM PST by KansasGirl
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To: NormsRevenge

This article is pretty scathing coming from Yahoo.


23 posted on 01/21/2012 4:02:52 PM PST by KansasGirl
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To: NormsRevenge
Obama went to Brazil last month to put in a bid for the oil, offering loans and other support to develop the oil in an "environmentally responsible matter,"

As opposed to China's bid that requested "any way that you want to."

.

24 posted on 01/21/2012 4:05:04 PM PST by TLI ( ITINERIS IMPENDEO VALHALLA)
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To: blueunicorn6

I have been reading about China getting this oil for at least a year. This is not news.


25 posted on 01/21/2012 4:05:39 PM PST by Venturer
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To: KansasGirl

“Why does Obama think it is okay for Brazil to drill for oil offshore but not us?”

Because he’s a Kenyan-Muslim-Marxist that hates America. It’s that simple.


26 posted on 01/21/2012 4:06:30 PM PST by MasterGunner01 (11)
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To: NormsRevenge

5.00 a gallon gas by June. Way to go O’Dumbo.


27 posted on 01/21/2012 4:12:30 PM PST by Qwackertoo (Gingrich/West 2012)
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To: Cicero
he told them he would only give them the money if they promised to sell the oil to China. That’s the way he operates. It’s not just stupidity, it’s deliberate evil.

Ah, yep, that was the plan all along.

Make the American people debt slaves and give the dough to an enemy nation specifically to deny the oil to the American economy, sending jobs, corporations and economic expansion to another of America's enemies.

Americans drown in debt to fund their own execution. The plan from the very start.

28 posted on 01/21/2012 4:16:32 PM PST by Navy Patriot (Join the Democrats, it's not Fascism when WE do it. (plagiarized))
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To: marron
Americans will sit on their couches and hope for O's sustainable economy to kick in.

Well, in 500 years or so when those sustainable energy sources are ready for market, those Canadians and Chicoms will be SO sorry they didn't get in on the ground floor with us.

29 posted on 01/21/2012 4:16:32 PM PST by Right Wing Assault (Dick Obama is more inexperienced now than he was before he was elected.)
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To: NormsRevenge

Over in the wood shop, his cross is being prepared as we post


30 posted on 01/21/2012 4:22:26 PM PST by bert (K.E. N.P. +12 ..... Crucifixion is coming)
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To: All


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31 posted on 01/21/2012 4:23:27 PM PST by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: Kakaze

Money from the proceeds of the sale to China will be kicked back directly to Obama.

China offered more and thus raised the amount of the kickback.

Obama fares better personally when China pays more than the USA


32 posted on 01/21/2012 4:25:42 PM PST by bert (K.E. N.P. +12 ..... Crucifixion is coming)
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To: KansasGirl

This article is pretty scathing coming from Yahoo.

— sure caught my eye. ;-)


33 posted on 01/21/2012 4:28:01 PM PST by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Obama: Epic Fail or Bust!!!)
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To: NormsRevenge

HOW ‘BOUT THAT TWO BILLION HE GAVE BRAZIL...WORST PRESIDENT EVER!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


34 posted on 01/21/2012 4:29:00 PM PST by tina07 (In loving memory of my father,WWII Vet. CBI 10/16/42-12/17/45, d. 11/1/85)
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To: NormsRevenge

So far his record on oil and gas has been gasedly!!!


35 posted on 01/21/2012 4:29:50 PM PST by SierraWasp (I'm done being disappointed by "He/She is the only one who can win" and being embarrassed later!!!)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks NormsRevenge.
...has suffered the second embarrassment over oil imports within the space of a week. Brazil, whose offshore deposits of oil were sought by the Obama administration, has signed contracts with China for the product.
The ONLY coverage this will get is if Newt, Rick, or Mitt talk about it on the campaign trail. Paul will only talk about it in order to take the side of China, so that won't be newsworthy.


36 posted on 01/21/2012 4:34:40 PM PST by SunkenCiv (FReep this FReepathon!)
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To: NormsRevenge; word_warrior_bob; risen_feenix; EnglishCon; Bill W was a conservative; verga; ...
+

Freep-mail me to get on or off my pro-life and Catholic List:

Add me / Remove me

Please ping me to note-worthy Pro-Life or Catholic threads, or other threads of general interest.


37 posted on 01/21/2012 4:39:39 PM PST by narses
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To: NormsRevenge

China didn’t give a crap about environmentally sensitive extraction techniques insisted on by the US government, so Brazil, knowing it’d be easier and more profitable to tell the US to take a hike, signed a deal with China, the number one economic and military enemy of the United States.

Barack is a disaster for the US.

He just kept us in subjection to Mid-East oil.


38 posted on 01/21/2012 4:57:03 PM PST by xzins (Retired Army Chaplain and Proud of It! Pray Continued Victory for our Troops Still in Afghan!)
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To: NormsRevenge

Didn’t Obama give Soros’ oil company taxpayer millions to drill offshore Brazil? Then Obama nixed the Canadian oil - which is going to China. Now the oil from Brazil is going to China also? Guess Soros and Obama are being very successful in bringing our country to its knees. Where are the Republicans? Are they also bankrolled by Soros?


39 posted on 01/21/2012 5:04:12 PM PST by abclily
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To: NormsRevenge

Obamanation administration is a job killing, deficit spending, liberty killing, Constitution killing, states rights killing, America hating, Marxist communist,family life killing, economy killing, baby and old people killing, democrat thieving,lying, and evil conglomeration of arrogant, self loving monsters from hell.


40 posted on 01/21/2012 5:17:31 PM PST by kindred (Jesus Christ is the Lord God and Messiah of Israel, a present help in time of trouble.)
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To: Lurker

Soros doesn’t care who buys the oil as long as the product is sold, and he makes a profit.


41 posted on 01/21/2012 5:26:36 PM PST by rockinqsranch (Dems, Libs, Socialists, call 'em what you will, they ALL have fairies livin' in their trees.)
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To: FrankR
This is the same incompetent idiot that brought "home" the Olympics for Chi-town.

/sarc

42 posted on 01/21/2012 5:26:55 PM PST by The Sons of Liberty (Psalm 109:8 Let his days be few and let another take his office. - Mene, Mene, Tekel, Upharsin)
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To: NormsRevenge
Why did anyone vote for the guy???

He had absolutely NO experience in anything resembling leadership, foreign policy, business or economics.

On the other hand, he's damn good at American deconstruction and destruction, racial division and racking up debt.

No doubt those same idiots will vote for him again. But why?..for four more of this??? Or for the civil war that he'll bring about?

43 posted on 01/21/2012 5:36:14 PM PST by GBA (Natural Born American)
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To: Cicero
It’s not just stupidity, it’s deliberate evil.

Of course it's deliberate evil.

If it was stupidity or incompetence, he'd accidentally "get it right" now and again.

Since he never gets it right...

44 posted on 01/21/2012 6:04:11 PM PST by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: NormsRevenge

What rational business would put big money on the line to deal with the United States on energy. They see what happened to Keystone XL. All that money down the toilet for no good reason at all, but just because the US President decides it is good politics at the moment.

You sign a contract with the Chinese, and they will buy the oil. No problem. You sign a contract with the United States, and it is only as good as Barack Obama’s whim.

That and the “help them develop the resource in an environmentally responsible manner” was enough to drive the Brazilians into the arms of a waiting China.

This Keystone XL fiasco, along with the Obama fiat closing down US oil in the Gulf of Mexico, is going to have reprecussions for a generation. Why would anybody trust us, ever again?


45 posted on 01/21/2012 6:06:13 PM PST by Haiku Guy (We don't need to Occupy Wall Street... We need to Occupy K Street!)
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To: NormsRevenge

This is the obama version of mao’s cultural revolution. Great idiots think alike.


46 posted on 01/21/2012 6:13:27 PM PST by factoryrat (We are the producers, the creators. Grow it, mine it, build it.)
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To: NormsRevenge

...it was never meant to help anyone but his buddy Soros, who you know will be “grateful” ($$$$$) to Obozo


47 posted on 01/21/2012 6:50:54 PM PST by Doogle (((USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated)))
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To: hal ogen

Obama is expecting to be provided the media bites answers moves for his own good. He is a puppet of our enemies and a whore - a headless wormish body that the frustrated unions and government sbirs “hope” will lead them to salvation.


48 posted on 01/21/2012 7:01:22 PM PST by JudgemAll (Democrats Fed. job-security Whorocracy & hate:hypocrites must be gay like us or be tested/crucified)
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To: DuncanWaring

He does read like a true or false test scoring not only less than 50% but deliberately Zero.


49 posted on 01/21/2012 7:03:18 PM PST by JudgemAll (Democrats Fed. job-security Whorocracy & hate:hypocrites must be gay like us or be tested/crucified)
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To: factoryrat

Not idiots.

Barbarians.


50 posted on 01/21/2012 7:09:15 PM PST by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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