Obama: Brazil Should Drill Offshore!
While the President refuses to lift a 7-year ban on offshore drilling here in the United States, continues to demonize the oil and gas industries, as energy prices continue to rise and as unemployment still hovers around 9 percent, Obama told a group of Brazilian businessmen at a CEO Summit during his trip to South America over the weekend they should begin drilling in their offshore oil reserves so the United States can be a paying customer in the future, adding that the United States would help them do it.
“We want to help you with the 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. At a time when we’ve been reminded how easily instability in other parts of the world can affect the price of oil, the United States could not be happier with the potential for a new, stable source of energy.”