I get to unload on Obama’s unserious/disingenuous energy speech today in the Wall Street Journal. The main data point: Brazilian domestic oil production has risen 876 percent over the last 20 years – -most of it from offshore. That’s how they “got off foreign oil.” That’s why they went from importing 77 percent of their oil in 1980 to importing none today. In another few years they might even join OPEC and start selling the oil they’ve discovering with help from our technology.
For a look at the Brazilian data in graphic form, see this item.