We’ve covered the Obama Administration’s decision to lend $2 billion in taxpayer funds to Brazilian oil company Petrobras in order to pursue off-shore drilling. The loan was made despite Barack Obama’s continued opposition to American oil companies pursuing off-shore drilling in pursuit of our nation becoming energy independent.  We discovered not long after that liberal sugar-daddy George Soros had purchased millions of preferred shares in Petrobras only a few days earlier, earning him quite the pretty penny in dividends when the news broke.

Anyway, it turns out that while the Obama Administration is willing to lend billions of American taxpayer dollars to foreign oil companies to pursue exploration of fossil fuel resources, it’s unwilling to lend an American energy company the same amount of money for energy production.

Bethesda-based USEC on Tuesday accused President Obama of reneging on a campaign pledge after the Energy Department turned down the company’s request for $2 billion in loan guarantees for a new uranium enrichment project in Piketon, Ohio.

USEC, which operates the nation’s only uranium enrichment facility, said it would “demobilize” the new project, which it said could not obtain private financing without the federal loan guarantee. The company has already spent $1.5 billion on what it calls the American Centrifuge Plant, but USEC says the final price tag could reach $3.5 billion, 1 1/2 times as much as it estimated two years ago.

“We are shocked and disappointed by DOE’s decision,” USEC chief executive John K. Welch said in a statement. “President Obama promised to support the loan guarantee for the American Centrifuge Plant while he campaigned in Ohio. We are disappointed that campaign commitment has not been met.”

So we can find the money to lend a wealthy foreign oil company funds to pursue off-shore drilling for their nations, but we simply can’t find the funds to lend American energy companies to help make America more energy independent.

Apparently Obama’s priorities rest more with helping liberal financiers make even more money in foreign deals than helping America produce energy here at home.

Via Ed Morrissey.