Tag: Columbia

Unbelievable: Now we’re giving Colombia $2.84 billion so they can build an oil refinery

We haven’t built a refinery in the United States since 1976, but we can give Columbia $2.84 billion so they can build one

What’s wrong with this picture? We can’t drill for offshore oil in the United States, but we can give billions of dollars to Brazil so they can build one. We haven’t built a refinery in the United States since 1976, but we can give Colombia $2.84 billion so they can build one.

oil-well
We're not sure if this is a photo of the sun setting on the American oil industry or rising over the foreign oil industry

CSN News reports the completely inexplicable details of the pissing away of another few billion of your tax dollars:

The U.S. Export-Import Bank, an independent agency of the federal government, is now planning a $2.84-billion loan for a massive project to expand and upgrade an oil refinery–in Cartagena, Colombia.

The money would go to Reficar, a wholly owned subsidiary of Ecopetrol, the Colombian national oil company.

“This is part of a $5.18 billion refinery and upgrade project in Cartagena, Colombia supplying petroleum products to the domestic and export markets,” the Export-Import Bank said in a statement.

The U.S. government-controlled bank says the $2.84-billion in financing it plans to undertake will be the second largest project it has ever done. The largest was $3 billion in financing for a liquid natural gas project in Papua New Guinea.

Yes, we know these are loans and loan guarantees, not outright gifts, and we understand the theory that American companies will benefit from purchases made by the foreign oil interests. But wouldn’t American companies also benefit from purchases made by companies drilling for and refining oil in the United States?

You have to give Obama credit. He may be anti-American, but at least he’s consistent.

Source: CNSnews.com

Obama nuclear arms reduction policy was developed by know-it-all college student

Researchers have come across a magazine article written 26 years ago by Columbia student Barack Obama. Full transcript here. It was the height of the Cold War and Obama came up with a plan for the two super powers to “dial down the danger humanity faces.” In short, nuclear disarmament.

Barack Obama Breaking the War Mentailty, 1983 Columbia Magazine article page 1 of 3

Would you feel safer knowing that your nation’s nuclear policy was dreamed up by a naïve college student? We hope your answer was “yes,” because that’s exactly where you find yourself today.

The President is in Russia to work out a deal on nuclear arms reduction. It’s part of his long time vision of a nuclear-free world – the same vision he’s had since he was smoking dope and getting high in college.

Researchers have come across a magazine article written 26 years ago by Columbia student Barack Obama. It was the height of the Cold War and Obama came up with a plan for the two super powers to “dial down the danger humanity faces.” In short, nuclear disarmament.

One would hope that our leaders would become more sophisticated in their thinking as the years roll on and they gain maturity. But no such luck with Obama.

We don’t mind if the President wants to live in the past as long as it doesn’t interfere with us living in the future.

Following is the entire magazine article, typed out from a poster at the Free Republic:
Continue reading “Obama nuclear arms reduction policy was developed by know-it-all college student”

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