Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

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
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-68 next last
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
[ Post Reply | Private Reply | To 1 | View Replies]

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
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge

This article is pretty scathing coming from Yahoo.


23 posted on 01/21/2012 4:02:52 PM PST by KansasGirl
[ Post Reply | Private Reply | To 1 | View Replies]

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)
[ Post Reply | Private Reply | To 1 | View Replies]

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
[ Post Reply | Private Reply | To 16 | View Replies]

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)
[ Post Reply | Private Reply | To 22 | View Replies]

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)
[ Post Reply | Private Reply | To 1 | View Replies]

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))
[ Post Reply | Private Reply | To 19 | View Replies]

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.)
[ Post Reply | Private Reply | To 14 | View Replies]

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)
[ Post Reply | Private Reply | To 1 | View Replies]

To: All


Help End The Obama Era In 2012
Your Monthly and Quarterly Donations
Help Keep FR In the Battle!

Sponsoring FReepers are contributing
$10 Each time a New Monthly Donor signs up!
Get more bang for your FR buck!
Click Here To Sign Up Now!


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")
[ Post Reply | Private Reply | To 30 | View Replies]

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)
[ Post Reply | Private Reply | To 4 | View Replies]

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!!!)
[ Post Reply | Private Reply | To 23 | View Replies]

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)
[ Post Reply | Private Reply | To 1 | View Replies]

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!!!)
[ Post Reply | Private Reply | To 1 | View Replies]

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!)
[ Post Reply | Private Reply | View Replies]

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
[ Post Reply | Private Reply | To 1 | View Replies]

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!)
[ Post Reply | Private Reply | To 1 | View Replies]

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
[ Post Reply | Private Reply | To 1 | View Replies]

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.)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-68 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson