Wall street journalAug. 2009
Edited on Wed Mar-31-10 07:50 AM by backtoblue
http://online.wsj.com/article/SB10001424052970203863204... "You read that headline correctly. Unfortunately, the Obama Administration is financing oil exploration off Brazil.
The U.S. is going to lend billions of dollars to Brazil's state-owned oil company, Petrobras, to finance exploration of the huge offshore discovery in Brazil's Tupi oil field in the Santos Basin near Rio de Janeiro. Brazil's planning minister confirmed that White House National Security Adviser James Jones met this month with Brazilian officials to talk about the loan......." clip
http://www.cnn.com/2008/POLITICS/08/02/campaign.wrap/in... CAPE CANAVERAL, Florida (CNN) -- Sen. Barack Obama responded Saturday to criticism that he has changed his position on opposing offshore oil drilling.
Sen. Barack Obama takes a question from reporters during a news conference in Cape Canaveral, Florida, Saturday.
1 of 2 Obama said Friday that he would be willing to compromise on his position against offshore oil drilling if it were part of a more overarching strategy to lower energy costs.
"My interest is in making sure we've got the kind of comprehensive energy policy that can bring down gas prices," Obama told The Palm Beach Post early into a two-day swing through Florida.
But on Saturday morning, Obama said this "wasn't really a new position."
"I made a general point about the fact that we need to provide the American people some relief and that there has been constructive conversations between Republicans and Democrats in the Senate on this issue," he said during a press conference in Cape Canaveral.
"What I will not do, and this has always been my position, is to support a plan that suggests this drilling is the answer to our energy problems," Obama added. clip
http://www.usatoday.com/news/politics/election2008/2008-06-18-obama-mccain-security_N.htmsnip..
McCain's proposal to tap offshore reserves was a reversal from his position in his 2000 bid for the Republican presidential nomination, when he said he favored the existing ban.
Obama was quick to criticize McCain for switching positions on offshore drilling. "I think he continues to find himself being pushed further and further to the right in ways that in my mind don't show a lot of leadership," he said.
Obama also said there is "no way that allowing offshore drilling would lower gas prices right now. At best you are looking at five years or more down the road."
McCain reserved his harshest words for Obama's proposal to tax the windfall profits of some of the biggest U.S. oil companies.
"If that plan sounds familiar, it's because that was President Carter's big idea, too," he said.
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