Reply #30: Wall street journalAug. 2009 [View All]

[backtoblue]

http://online.wsj.com/article/SB10001424052970203863204574346610120524166.html




"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/index.html


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