Obama and why you are paying nearly $4 per gallon for gas

President Obama yesterday praised Brazil for its new offshore oil industry and said he wants to buy as much oil as possible in this new win-win partnership — although we have piled up $5 trillion in new debt, curtailed new petroleum exploration off shore and in the West, as well as kept Alaska off-limits. Our near-term energy future apparently lies in borrowing money to buy oil from those we praise for drilling where we never would ourselves. source 

Yep.