According to the Wall Street Journal, the Obama Administration now is financing oil exploration off the coast of Brazil. Of course we can't drill off our coasts, but it's OK to drill off South America.
The U.S. Export-Import Bank has issued a "preliminary commitment" letter to Petrobras in the amount of $2 billion. Petrobras is one of the largest corporations in all of South America. This money is to be used to develop off-shore drilling in Brazil's Tupi oil field in the Santos Basin off of Rio de Janeiro.
Any oil produced by this off-shore drilling is to be sold to China.
The largest holder of Petrbras stock is none other than George Soros. He was Obama's largest financial supporter during the election campaign. Can all you pro-Obama voters say "payback"?
Wonder how they spell impeachment in Kenya or wherever Obama was actually born?
Larry McClintick, Collinsville