President Obama has put into place oil policies that are at best questionable and at worst Anti – American. Should these policies remain in effect, they will hurt the economy in both the long and short run.
- He has banned the deep water drilling in most of the Gulf for years. He claims it is to allow time to develop safer methods of extracting the oil so it will not effect the environment as did the Gulf Spill. He has no policy to control the Chinese, Cubans, Venezuelans and other nations that are drilling in the deep waters in the Gulf.
- He has continued the ban on shallow water drilling in most of the shorelines.
- The results of the above actions have cost thousands of jobs and further slow down our economy
- If this was not bad enough, some how the Stimulus Plan provided Brazil $2 Billion to explore for more oil. The money went to the 8th largest oil company in the world. One might think, the President has found an alternative to our drilling so we can continue to purchase oil. The truth is, the contract for the oil that will be produced delivers all that oil to China. Further – George Soros, Obama’s mentor and left-wing supporter, is a major shareholder in the company that received the $2 Billion.
Hows that for looking out for our national interests?
2012 is coming!!!!!