“By some estimates, the oil you recently discovered off the shores of Brazil could amount to twice the reserves we have in the United States. We want to work with you. We want to help with technology and support to develop these oil reserves safely, and when you’re ready to start selling, we want to be one of your best customers. At a time when we’ve been reminded how easily instability in other parts of the world can affect the price of oil, the United States could not be happier with the potential for a new, stable source of energy.”
Just so we're clear, this is the same guy who called a moratorium on drilling last summer and refuses to issue new drilling permits, causing the loss of about 20,000 jobs -- if the administration's own figures are to be believed. US domestic oil production is expected to drop by 220,000 barrels per day in 2011.