Drill Baby, Drill....Just not here.

Is it just me, or does this seem nuts to anyone else? Here we are sitting on some of the most vast resources of oil in the world and we are not allowed to touch them. Yet President Obama is financing Brazil with more than $2 billion of our taxpayer dollars to assist in their exploration of the huge offshore discovery in Brazil's Tupi oil field in the Santos Basin near Rio de Janeiro. What is Obama thinking? Are we not in a financial crises? And since when does an oil company need money? Petrobas, Brazil's state-owned oil company, is one of the largest in the Americas and posted a $10.9 Billion profit in 2008 ( up from a $5.5 Billion profit in 2007 ) Why do they need our money? With this loan, are we going to be able to buy oil from Brazil at below market prices? No such provision is in place for that. So Why are we doing this? Do we as taxpayer even have a say as to where our money goes? More importantly, Why isn't that $2 Billion going to the drilling and processing of the oil we have right here in our country? We have oil rigs in place right now, off of our west coast, that would be able to produce oil for refining in 9 months or less and our President refuses to utilize these resources. With the unemployment numbers climbing, why wouldn't this administration want to re-open an industry that would not only produce thousands of jobs, but also keep our money here, rather than sending it to countries that hate us?

It doesn't make any sense. He is pushing for "Green" here in the United States while no one else in the world seems to care about it.

See story from the Wall Street Journal at:
http://online.wsj.com/article/SB10001424052970203863204574346610120524166.html#articleTabs%3Darticle