Obama seems to like drilling, in Brazil, or anywhere not the U.S. Inside the U.S. his policy seems to be no drilling allowed. While high government and trade deficits are our biggest problem. Failure to permit oil drilling, will exacerbate these problems later. I recall in 1996 Clinton said he wouldn't approve drilling in Alaska because it would take 10 years before the first drop would be delivered. That would have meant more domestic oil from Alaska starting in 2006. Long term, decisions like this by Presidents and Congress have severely limited new oil exploration and development.