$10 Billion US Dollars To Drill For Brazilian Oil - We Must Be Nuts - Right?

Well, yes I'm a conservative and generally not in agreement with anything Obama and company does, but it looks like they may have done something right this time. Hear me out.

At first glance, it does seem like another stupid move on the Obama administrations part to spend $10 billion dollars to explore for Brazilian oil. And, without a doubt, it would be far smarter to spend that money searching for domestic oil but we all know that our lunatic fringe left wing extremists in Congress won't vote for that. Since we need more available oil in this world, since we stupidly won't drill at home, since more supply will drive prices down, since we need more friends in South America and since we'd love to neutralize Hugo Chavez, this expenditure by Obama actually makes sense.

Think about it. We will be building stronger political ties with a country that is sitting on perhaps the largest offshore oil reserve ever discovered. The Chinese have already dumped money in and are looking to exert even more influence in this hemisphere. Why let them when the interests of the US and Brazil are far more closely aligned than those of an Asian country.

Then there's our American hating pal, Hugo Chavez. Right now Marxist Venezuela is a major oil supplier to the US and is a major player in South American politics. Both of these realities put the US in a very precarious position. The more influence the America hating Chavez gains in the area, the fewer friends we'll have, putting us a risk from yet another place on this earth. Also, if Chavez pulls the plug on oil sales to America, we're in a bind and I don't care how fungible oil is. Once a supply line is cut, it takes time and money to establish a new one and while that is happening, our economy would wither on the vine.

Financially this is a good move. I mean lets face it, we squander billions in foreign aid every year by wasting money on countries that are openly hostile to us and on programs that have little if any effect on the people who live there or our relationship with them. In other words, lots of money spent without any hope of a return on investment. At least with this expenditure, we will help insure our energy requirements for the foreseeable future while hopefully controlling costs worldwide which in turn will be healthy for our economy.

To the Democrats in congress and the White House - you are fools for not developing domestic oil resources. To Obama and company, nice move on this Brazilian oil deal. Suggestion: do both.