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U.S. Loan to Brazilian Oil Company Riles Conservatives in Favor of Offshore Drilling
President Obama has opposed any expanded oil drilling off American shores largely on environmental grounds, turning a deaf ear to conservative cries of "Drill, Baby, Drill."
But now Obama may start hearing cries of "foul" after the U.S. Export-Import Bank promised Petrobras, Brazil's state-owned oil company, $2 billion in loan guarantees to help finance lucrative drilling off the shores of Rio De Janeiro.
Some see a contradiction in an executive branch agency, independent but with board members appointed by the president, facilitating abroad the very kind of energy exploration Obama opposes domestically.
White House spokesman Robert Gibbs said Thursday he wasn't prepared to address the issue.
"I have not seen the story," he said. "I'd have to take a look."
http://www.foxnews.com/politics/200...-riles-conservatives-favor-offshore-drilling/
President Obama has opposed any expanded oil drilling off American shores largely on environmental grounds, turning a deaf ear to conservative cries of "Drill, Baby, Drill."
But now Obama may start hearing cries of "foul" after the U.S. Export-Import Bank promised Petrobras, Brazil's state-owned oil company, $2 billion in loan guarantees to help finance lucrative drilling off the shores of Rio De Janeiro.
Some see a contradiction in an executive branch agency, independent but with board members appointed by the president, facilitating abroad the very kind of energy exploration Obama opposes domestically.
White House spokesman Robert Gibbs said Thursday he wasn't prepared to address the issue.
"I have not seen the story," he said. "I'd have to take a look."
http://www.foxnews.com/politics/200...-riles-conservatives-favor-offshore-drilling/