William Katz:  Urgent Agenda

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WATCH THE OIL AND THE HYPOCRISY FLOW – AT 7:17 P.M. ET:  Brazil, now run by a kind of Marxist style government, has made a major oil find...offshore.  From AP:

SAO PAULO -- Brazil's state-run oil company says it has found a new offshore oil reserve that could hold nearly 400 million barrels of oil equivalent.

Petroleo Brasileiro SA ( PBR - news - people ) says in a statement that the pre-salt reservoir was discovered 14,633 feet (4,460 meters) below the ocean floor off the coast of Rio de Janeiro.

The statement Friday said the reserve could produce as much as 380 million barrels of oil equivalent, a measurement indicating the amount of energy in a barrel of crude that also includes potential natural gas production.

COMMENT:  Oh, oh, what's an environmentalist to do?  Criticize a Marxist workers' government?  Criticize a state-owned oil company?  Why, that's heresy, punishable by being disinvited from parties from Cape Cod to Malibu. 

Now, you watch the silence of the world's "deeply concerned" environmentalists over this.  Oil spills are only an issue if the drilling occurs off America's shores.

Maybe Fox News will stick a microphone in some wavy-haired environmentalist's face and ask whether he's flying down to Rio to protest.  Don't be silly.

June 5,  2010