This is the map of where the Obama Administration allows drilling of the United States coast.  This map is posted at Gateway Pundit.  

Oddly enough, at the same time President Obama is blocking drilling here, he is lending money to Brazil for offshore drilling.  The Wall Street Journal reported Thursday:

“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 in the Santos Basin near Rio de Janeiro. Brazil’s planning minister confirmed that White House National Security Adviser James Jones met this month with Brazilian officials to talk about the loan.”

There are a few problems with this.  If offshore drilling is such an offense to President Obama because of environmental concerns, why are we funding it overseas?  Why does a large foreign oil company need US funding?  President Obama has consistently criticized American corporations for their supposed subsidies in American tax policy.  Why does he want to use an empty Treasury to give cash to a Brazilian oil company?  Is this payback to George Soros for funding the Obama presidential campaign? 

According to Ed Morrissey at Hot Air, George Soros has taken an interest in Petrobras:

“His New York-based hedge-fund firm, Soros Fund Management LLC, sold 22 million U.S.-listed common shares of Petrobras, as the Brazilian oil company is known, according to a filing today with the U.S. Securities and Exchange Commission. Soros bought 5.8 million of the company’s U.S.-traded preferred shares.” 

The preferred shares are cheaper to buy and pay higher dividends.

America could achieve energy independence by drilling off its own shores.  Why is the Obama Administration blocking that drilling (which would also provide jobs, income, increased national security and also help the economy) while funding drilling in another country?