The U.S. Will Finance Oil Drilling Off Brazil, but It Won’t Allow New Drilling Off the U.S. Coast?

This is truly amazing. The Obama Administration is prepared to provide up to $10 billion in loans to finance energy development off the coast of Brazil, but it won’t allow additional drilling in America’s waters—drilling that would create American jobs and bring in additional tax revenue? 

Obama could allow more energy off the U.S. coast, but so far, his Administration has been committed to reducing domestic energy production.  He revoked oil and gas leases in Utah, delayed taking action to open up additional areas for offshore energy development, and halted a program to allow commercial oil shale leasing. All of these programs would have created American jobs without imposing additional costs on taxpayers.

Why is the Obama Administration working to create job opportunities for Brazilians, but not jobs and additional tax revenue for the United States?

3 thoughts on “The U.S. Will Finance Oil Drilling Off Brazil, but It Won’t Allow New Drilling Off the U.S. Coast?

  1. jon

    It’s called private business. The white house, congress and our taxes have nothing to do with this. You and I can contribute to the loan too if we please. Any american can make a loan to a foreign company through the import/export bank, it’s called free trade. You make a real fool of yourself not understand what it is you attempt to write about.

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