The Hill News

Earlier this month I had the opportunity to accompany Speaker John Boehner and a bipartisan group of members of Congress on a trip to Latin America. In addition to discussing trade and economic issues with the leaders of Colombia and Mexico, we also traveled to Brazil to focus on energy policies.  Brazil is eager to develop their own offshore energy resources and understands the job and economic benefits that come from energy production. It was not hard to contrast the energy policies of Brazil and the Obama Administration and realize that the United States is missing out on incredible opportunities by continuing to lock-up our resources.
 
The recent discovery of Brazil’s abundant deepwater offshore oil reserves, which is estimated to contain a combined 58 billion barrels of oil, has made Brazil an attractive business opportunity for American companies scorned by the Obama administration’s job-destroying offshore energy policies. In fact, while in Brazil ! we met with several U.S. energy companies that are now looking for business in this suddenly natural resources rich country.

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