Obama funds new oil investment–in Brazil!
August 13, 2009 by Jim Pfaff · Leave a Comment
Investor’s Business Daily analyzes the policy implications of a new $10 billion loan American taxpayers are making to Brazil to develop its Tupi oil field which has the potential of 40 billion barrels of oil.
Sphere: Related ContentGiven how many ratholes our government could pour its money down — wind farms, switch grass — it’s good to learn some cash is going toward something productive. . .
Having said all this, the question remains: Why must we go so far and spend so much taxpayer money to drill oil when we could unleash our private sector to do it here for free ?
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