Thanks to Barack Obama’s failed energy policies, seven deepwater rigs were moved from the Gulf of Mexico in the last year. At least one of the rigs was relocated to Brazil.
Barack Obama loves Brazilian energy production.

Barack Obama praised the emerging Brazilian oil industry yesterday.
Reuters reported:

The agreements were signed on the first day of U.S. President Barack Obama’s two-day visit to Brazil, where he met with Brazilian counterpart Dilma Rousseff and a host of local and U.S. business executives.

Following is a summary of the agreements that were signed:

ENERGY

The United States seeks to be “a strategic energy partner” to Brazil, which recently discovered major new offshore oil reserves. Obama said the United States wants to be one of Brazil’s “best customers” when the oil starts flowing.

Both nations also will increase cooperation on producing biofuels with a specific separate agreement to team up on developing biofuels for aviation.

But, while Obama praised Brazilian energy production he continues to stifle energy production here at home.
Big Government reported:

To be fair, President Obama is in favor of drilling…but just not in the United States.

His numerous bans, restrictions, and proposed taxes are hamstringing America’s ability to produce more oil and gas and are thereby increasing gas and diesel prices. In fact, even the federal government projects that domestic oil production will drop by 220,000 barrels per day in 2011 due to the President’s anti-drilling agenda. Production in 2012 will drop even more…

…American Solutions is re-launching Drill Here, Drill Now, Pay Less for one big reason: President Obama’s continuing war on American energy is dramatically increasing the price of gas and diesel.

By the way… Obama is going to lend billions of dollars to Brazil to finance exploration of its huge offshore oil field discovery. His good buddy George Soros is invested heavily in Brazilian energy.

http://gatewaypundit.rightnetwork.com/2011/03/obama-praises-brazilian-...

(Reuters) - President Barack Obama made a strong pitch for the Boeing F-18 jet fighter in a meeting with Brazilian President Dilma Rousseff, but she did not indicate if her government had decided to buy the U.S.-made plane, the White House said on Sunday.

"The F-18 issue did come up. President Rousseff raised it," White House aide Dan Restrepo told reporters in Rio de Janeiro, referring to the leaders' bilateral meeting in Brasilia on Saturday that kicked off Obama's five-day Latin American tour.

Brazil is weighing a multi-billion dollar bid to modernize its air force, and Obama has made promoting exports to boost U.S. jobs back home a central part of his trip to Brazil, Chile and El Salvador.

"President Obama underscored that the F-18 is the best plane on offer ... in that the technology transfer package ... is equivalent to the packages that are offered to partners and allies around the world," said Restrepo, Obama's top Latin American adviser.

Rousseff told U.S. officials earlier this year that she believes the F-18 is the best jet among three finalists, and that she sees a deal as a way to improve trade ties with the United States. Yet she also asked for written guarantees that Congress will not block transfers of proprietary technology that she wants as part of the deal to help Brazil develop its own defense industry.

Two sources told Reuters that Obama handed Rousseff a joint letter from the Republican and Democrat leaders of the Senate, Mitch McConnell and Harry Reid, saying that Congress would respect any deal on technology transfers.

The sources spoke on condition of anonymity because the conversation was private.

One of the sources added that a similar letter from leadership in the U.S. House is expected within days.

The F-18's main competition comes from the French Rafale fighter jet of Dassault Aviation, which had been favored by Rousseff's predecessor Luiz Inacio Lula da Silva. Saab is also a bidder and said last month it hoped for a Brazilian decision during 2011.

http://www.reuters.com/article/2011/03/20/us-obama-brazil-jet-idUSTRE7...

Submitted by andie531 on Sun, 2011-03-20 23:00

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