In this 2008 video Obama expresses concern about the high gasoline prices that poor Americans are having to pay. So part of his solution to the problem is to tax the oil companies.
Higher taxes do not lead to lower prices. Giving a voter $1000 tax credit will purchase a vote, but it will do nothing to lower energy prices.
The Obama Administration is financing Brazilian Oil Exploration
From The Wall Street Journal, August 18, 2009:
“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.”
If he is going to finance Brazilian oil exploration, why will he not do it here in the US?
What has Obama done to, in his words, to “move this country forward” concerning our needs for energy?
Where are we now? And where do we go from here?
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