Monday, August 31, 2009

When Green Is The Color Of Oil

In the United Kingdom, Gordon Brown's government can certainly be said to be "green" leaning. Just like Obama, Brown plans big spending on green projects as a means to economic recovery.

So, why are these two, Obama and Brown, so interested in the not-so-green participation in drilling for oil?

Just recently, the U.S. Export-Import Bank (a separate agency of the United States Government that reports directly to Obama) issued a $10 billion line of credit to the Brazilian national oil company, Petrobas, to facilitate both expanded and new off-shore drilling operations in Brazil (Click to See Full Story).

In the case of the "slithering" Brown, his government negotiated the release of the Pan Am/Lockerbie bomber so that the United Kingdom could get a piece of any new oil production in Libya (Click to See Full: "Secret documents uncover UK's interest in Libyan oil Story").

I guess oil is a "green thing" when it can be extracted by some other country and not done at home. That kind of thinking is often called NIMBY or Not In My Back Yard; but, it hardly does anything for the overall improvement of the world's environment.

Both these hypocrites talk the "green" talk but really understand that oil will be needed by us all for a very long time. They both want to make sure their countries have plenty of oil in the future because both these fools know that oil is absolutely essential to the national security of both their nations.

Does anyone think that wheeling and dealing for foreign oil production sounds like Obama is serious about getting America off imported oil?

As I have said before in this blog" 10 years from now we will be even more dependent on foreign oil than we are today. Our production is going down while our demand is rising and will continue to rise. Wind and solar are never going to counteract that reality. The only thing wind or solar will do is eat into our own natural gas and coal production and won't save a drop of imported oil.

Lastly, I find Brazil's need to drill for oil the most interesting of the above deals. Three years ago, as oil prices kept rising, Brazil was being held up as the shining example of a country that was able to get off their dependency on oil. That's because they had diverted the majority of their sugar production into the production of ethanol. Now, there is an impending shortage of sugar and the world's economic situation has forced oil to come down in price. In effect, sugar prices are going through the roof and Brazil is stuck with a very expensive option for their country's auto fuel source. Where's all the left-wing news headlines on that one?

(Click Here To See a 'Typical' News Story on Brazil's Ethanol Success from 2006: "Brazil hopes to build on its ethanol success" )

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