Wednesday, March 23, 2011

Three billion dollars for off shore drilling--in Brazil!

On Fox and Friends this morning, Stuart Varney said that the U.S. is going to lend three billion dollars to a Brazilian oil company to develop their off shore oil capacity so they can sell oil to us.

President Obama said he wanted to decrease our dependence on foreign oil. This seems like a strange way of doing it. If we're going to spend three billion dollars anyway, I'm wondering why we don't use it to develop our own off shore oil capabilities. Apparently Obama and his environmentalist supporters don't care about Brazil's environment.

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