The president is in South America right now, and I ran across this story about what he's doing there. Bear in mind that he's put a moratorium on deep-water drilling in the Gulf of Mexico, in spite of a court order to lift the moratorium. Apparently deep-water drilling is OK, even to be promoted in other countries, but not in the United States. The author of the article makes a good argument why Americans should shake their heads over this policy.
But why? Why is drilling off Brazil's coast and buying their oil OK, but we have to keep our oil reserves in the ground? The Gulf is not the only area off-limits to U.S. oil companies -- the eastern seaboard, the coast of Florida, the coast of California, ANWAR, federal lands in the western desert, etc., etc., etc. The list goes on and on of U.S. oil reserves that must remain in the ground. So why?
Cal. Rep. Maxine Waters tells us why:
(Tennesseans will enjoy seeing Stephen Cohen smirking in the background.) Waters let it slip. The major tenet of socialism is all industry and business being owned and run by the government. Her stated desire here specifically is to take over the oil companies. Why would the government want private industry to profit from oil reserves when some day it wants to profit from oil itself? It's just an investment. Liberals are so sure they will be getting all the money one day, they want to be sure there's plenty there to get. And that's what politics is all about, folks: money.