perhaps you could email them to question them. I find it interesting that this is NOT national news. This news channel 8 is doing the work that oldstream media used to do. I would like to see this get picked up by FOX and perhaps Glenn Beck will be the one to do it.

No Matter the Spin: If It Looks Like Foreign Oil and Smells Like Foreign Oil, It Is Foreign Oil

http://www.conservatives4palin.com/2009/08/apparently-obama-wants-to-stimulate-us.html

……Now back to the idea that the bank does not rely on tax money. Ex-Im was first created during the Great Depression, with an appropriation from the U.S. Treasury, in an attempt to increase exports. It has since been chartered as a government corporation (it was last chartered in 2006). Since 2008, it has been “self-sustaining” (much like the Post Office, I suppose).

The loans that it gives to foreign countries and corporations are backed by the American taxpayer. In fact, Fred P. Hochberg, the chairman and president of Ex-Im Bank, said that himself a few days ago in a letter to the editor:

While its financing is ultimately backed by the full faith and credit of the United States, over the past 15 years Ex-Im Bank has returned to the U.S. Treasury in excess of $4 billion more than the cost of operating the Bank.

The taxpayer is the ultimate backstop. Backing by the federal government gives the bank an advantage over others in similar situations. At the end of the day, the money that the bank is lending is the taxpayers’. As Margaret Thatcher said, “There is no such thing as public money; there is only taxpayers’ money.”

As Russian attack submarines patrol our eastern seaboard, Moscow signs a deal to help Castro’s Cuba drill for oil off the Florida coast. In Moscow and Havana, the cry is “Drill, Comrade, Drill

http://www.ibdeditorials.com/IBDArticles.aspx?id=334363262212097

Normally, economic zones extend 200 miles off a country’s coastline. In some cases, conflicts can arise based on resources and geography.

In 1977, Carter signed a treaty with Cuba that essentially split the difference and created for the communist country an “exclusive economic zone” extending from the western tip of Cuba north virtually to Key West. Cuba has divided its side of the Florida Straits into 59 parcels and put them up for lease.

Foreign countries, including China and India, had acquired the rights to develop 16 of them.

“This is the irony of ironies,” complained Charles Drevna, executive vice president of the National Petrochemical & Refiners Association. “We have chosen to lock up our resources and stand by to be spectators while these two come in and benefit from things right in our own backyard.”
(snip)
It is certain that at least some of Cuba’s wells will tap oil pools that straddle the boundary separating our zone from Cuba’s. In other words, Havana will get oil that should be ours.

The argument against Gulf drilling has been the potential for oil leaks and spoiled beaches.

Where are the environmentalists to protest this deal? Fact is, more oil bubbles up naturally from the sea floor than has ever leaked from oil platforms in the Gulf.

The oil and gas resources of the Gulf of Mexico and the Outer Continental Shelf could be fueling cars and heating homes in America, not those in Beijing, Moscow, New Delhi or Havana.

If Russia, Cuba and others can drill off the coast of Florida, why can’t we?