We can't drill in Alaska, off the coast of Florida, the east coast or the west coast. We can't develop nuclear power plants, clean coal capabilities, or build refineries. What we can do is take 2 billion dollars we don't even have and loan them to one of the largest corporations in the Americas so that they can utilize their natural resources while we make our own off limits. Again I ask WTF?

"The U.S. is going to lend billions of dollars to Brazil's state-owned oil company, Petrobras, to finance exploration of the huge offshore discovery in Brazil's Tupi oil field in the Santos Basin near Rio de Janeiro. Brazil's planning minister confirmed that White House National Security Adviser James Jones met this month with Brazilian officials to talk about the loan.

The U.S. Export-Import Bank tells us it has issued a "preliminary commitment" letter to Petrobras in the amount of $2 billion..."

No need to wonder why too long though. Thanks to Gateway Pundit following the money we can see it 's just another billion dollar payback for one of The One's biggest supporters, George Soros.

UPDATE 2: Apparently, Barack Obama's pal George Soros has invested heavily in Petrobas.
Doug Strait sent this:

I read a lot of news and remembered that a while back George Soros had invested in an Brazilian oil company. So, I searched for "Petrobras Soros" and found a couple articles.

Here is one that I found.
These are the top 5 holdings of George Soros

1.Petroleo Brasileiro S.A.Petrobras (PBR) - 9,818,323 shares, 15.42% of the total portfolio
2.Hess Corp. (HES) - 5,123,198 shares, 10.56% of the total portfolio
3.Petroleo Brasileiro S.A.Petrobras (PBR-A) - 5,884,700 shares, 7.53% of the total portfolio
4.Potash Corp. of Saskatchewan Inc. (POT) - 1,978,053 shares, 7.06% of the total portfolio
5.Plains Exploration & Production Company (PXP) - 6,526,400 shares, 6.84% of the total portfolio

Note that there are two Petrobas stock numbers (PBR and PBR-A, numbers 1
& 3 listed above).

This looks interesting to me considering the Soros-Obama connections.Agreed.

More... Ed Morrissey asks:

Is it a coincidence that Obama backer George Soros repositioned himself in Petrobras to get dividends just a few days before Obama committed $2 billion in loans and guarantees for Petrobras’ offshore operations?

Obama’s Diggin’ Off Shore Drillin’… and Paddin’ the Pockets Of His Buddy George Soros is a post from: NobamaZone