On the recordApril 6, 2011
Madam Speaker, there was a discussion a few minutes ago about Republicans and oil companies and a lot of very interesting comments. Yet many on our side have alluded to President Obama supporting the Brazilian Government and people by supporting their oil drilling, drilling for natural resources that they have. The President is willing to go down and back up a 2009 commitment to proposing $2 billion from the Export-Import Bank to the Brazilian company that is their energy company. And I would like to quote what he said, if I can, because I think it's very interesting: ``At a time when we've been reminded how easily instability in other parts of the world can affect prices, the United States could not be happier for a new, stable source of energy.'' Madam Speaker, what he just spoke of was the United States' ability to produce our own oil so we don't have to look to foreigners to get that done. [From The Hill, Mar. 21, 2011] Overnight Energy: Republicans Pounce on Obama's Brazilian Oil Support (By Andrew Restuccia and Ben Geman) State of Play: Republicans and the oil industry are working to translate President Obama's weekend comments in support of Brazilian oil development into political ammunition in their battle against the White House's U.S. drilling policies.…
