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Tuesday, April 05, 2011

Senator: Gulf Coast Residents ‘Galled’ By Obama’s Suggestion We Buy More Brazilian Oil

Sen. David Vitter (R-La.) told CNSNews.com that residents of the Gulf Coast, whom he represents, were “galled” when President Obama went to Brazil two weeks ago and suggested they ramp up energy production so the U.S. could become one of the nation’s “best customers.”

Obama, Vitter said, “went on that trip and made comments encouraging Brazilian offshore development and saying we want the U.S. to be your best customer. Particularly, those of us on the Gulf Coast found that pretty galling. How about starting in the Gulf?”

In remarks on March 19 in Brasilia, Obama told Brazilian businessmen, “By some estimates, the oil you recently discovered off the shores of Brazil could amount to twice the reserves we have in the United States. We want to work with you. We want to help with technology and support to develop these oil reserves safely, and when you’re ready to start selling, we want to be one of your best customers.”

As CNSNews.com previously reported, under President Obama, the U.S. Export-Import Bank gave Brazil’s state-run oil company, Petrobras, a $2 billion loan to develop new drilling opportunities off the shore of that South American country, prompting Vitter to send the bank’s president, Fred Hochberg, a letter expressing the “frustration” of Louisianans that the loan was given while domestic permitting was “nearly stalled.”

Meanwhile, however, Obama’s Interior Department has been in a fierce court battle over how quickly to approve new drilling permits in the Gulf of Mexico after the Deepwater Horizon spill last summer.

In February, Louisiana District Court Judge Martin Feldman ruled the Obama administration in contempt of court for what he said was “dismissive conduct” and their “increasingly inexcusable” refusal to approve permits that had met new standards. As of Vitter’s March 17 letter, just two permits had been granted for Gulf oil drilling.

CNSNews.com asked Vitter whether he had received a response in the past two weeks. He nodded that he had not and then explained his frustration.

“The day before the president went to Brazil, as you alluded to, I sent a letter to the administration asking some detailed questions about this ExIm Bank loan of $2 billion guaranteed, backed by U.S. taxpayers and it’s to develop Brazilian offshore opportunities while we’re shutting down U.S. offshore opportunities,” Vitter said.

“In addition, the president went on that trip and made comments encouraging Brazilian offshore development and saying we want the U.S. to be your best customer. Particularly, those of us on the Gulf Coast found that pretty galling,” he added.

“How about starting in the Gulf?” Vitter asked. “How about starting by having the U.S. be our own best customer and developing U.S. jobs right here at home?”

More here

5 comments:

Anonymous said...

Hey man you produce more oil and will import a brazilian barrels!!!

Anonymous said...

Gulf coast residents were 'galled'?
I'd bet they used some other word.
Or a bunch of them, colorfully strung together.
If Obama had spit right in their face it couldn't have been much worse.

Anonymous said...

Guess who owns most of the stock in all that Brazilian oil. Yep George Soros. I wonder why Oboma would want us to by it? Cronie capitolism or should I say socialism.

Anonymous said...

More knee-jerks. We can't drill our way out, even if we open up the whole gulf. The US already is one of the highest oil production nations in the world. And we still have to import massive amounts. Common sense says we would want these imports to come from atleast somewhat friendly nations (Brazil) as well as look for ways to diversify the energy base.

Anonymous said...

Why should we be buy anything from someone else that we have an abundance of for one. And 9:43 the minute they even mention that the U.S is going to drill it drives the price down. So I wouldn't say it's knee-jerk.