So President Obama is in favor of government support for offshore drilling for oil as long as it is not in USA territorial waters.
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
But hey, it’s subverting free markets and that’s always good, right? It’s not like that sort of cash is needed anywhere in the USA, and especially not in any taxpayer’s pocket. It does look good, however, in Geroge Soro’s pocket apparently.