Posted on 01/23/2010 7:18:45 PM PST by JustPiper
You read that headline correctly. Unfortunately, the Obama Administration is financing oil exploration off Brazil.
The U.S. is going to lend billions of dollars to Brazil's state-owned oil company, Petrobras, to finance exploration of the huge offshore discovery in Brazil's Tupi oil field in the Santos Basin near Rio de Janeiro. Brazil's planning minister confirmed that White House National Security Adviser James Jones met this month with Brazilian officials to talk about the loan.
The U.S. Export-Import Bank tells us it has issued a "preliminary commitment" letter to Petrobras in the amount of $2 billion and has discussed with Brazil the possibility of increasing that amount. Ex-Im Bank says it has not decided whether the money will come in the form of a direct loan or loan guarantees. Either way, this corporate foreign aid may strike some readers as odd, given that the U.S. Treasury seems desperate for cash and Petrobras is one of the largest corporations in the Americas.
(Excerpt) Read more at online.wsj.com ...
~Snips
President Obama and his much-debated trip to Copenhagen?
The corruption so notorious in Chicago politics?
Thus, the question remains—why did Chicago lose?
I want to thank Char for emailing this to me! Yet another people need to be made aware of before they vote in November! REAL TRANSPARENT Obama!
really old news... wonder why it’s creeping back up????
We have absolutely no gain from this transaction whatsoever!
Wait, it gets more interesting.
Guess who is the largest individual stockholder of this Brazilian Oil Company and who would benefit most from this? It is American BILLIONAIRE, George Soros, who was one of President Obama's most generous financial supporter during his campaign.
If you are able to connect the dots and follow the money, you are probably as upset as I am. Not a word of this transaction was broadcast on any of the other news networks!
your right last year hmmm...I believe many have not heard this?
not ironic at all...do some research- guess who made an $800 million investment into this company?? his puppet master George Soros...
then do a little more research- about two weeks after denying loans to companies like Exxon and other American firms for the purposes of drilling guess what zero did?? thats right- lent $2bil to Petrobas...
Ping.
This ought to be something Repubs beat the Dems over the head with from now until November. They ought to be taking out full page ads in every major newspaper (that’s left) and at every other media outlet available, blasting this obscenity to the nation.
Of course they’d see that as unseemly, and they don’t want to hurt BamBam’s feelings when things are going so gosh-darn bad for him already.
August 15th- zero’s puppetmaster, Soros the financial terrorist, invests $811mil in Petrobras....
http://www.bloomberg.com/apps/news?pid=20601086&sid=aFHPjfeUvtl8
August 15th- zero’s puppetmaster, Soros the financial terrorist, invests $811mil in Petrobras....
http://www.bloomberg.com/apps/news?pid=20601086&sid=aFHPjfeUvtl8
Kind of cheeses me off when I remember all the loony lefties whining about Bush and the evil “BIG OIL”.
maybe it’ll creep back up like a thousand other things we’ve forgotten about, that just keep succeeding one another, like the promise of transparency in broadcasting
all health care debates on CSpan. Would be good to revive ALL this stuff/
The list, ping
could you imagine the press coverage if Bush had done a deal like this during his term...
Have you all not heard, Barry is too busy drilling for healthcare....
I believe as you do. We should all mail this to the Reps/Senators of every contentious race upcoming! God knows, it’s the ‘only’ way for this to be exposed. There is a battle for BO’s old Senate seat with a RINO as the favorite. his opponent need s this. Hmmm, gonna email it to him now
I 2nd. your statement but I wonder what bo’s share is !!
He will retire to Brazil when he is out in 2012. He will get billions. He will then proceed to take over Brazil.
Can’t say that Soros doesn’t get his money’s worth.
Soros pays Obama/Reid/Pelosi to shut down US oil production (Soros’ competition) and get low cost mega-loans (stimulus money?) to drill for Brazilian oil.
Just proves that he wants to take over energy companies until then he will help Soros and his cronies make money. Once they get control oil drilling will be back en vogue just as it is in other marxist communist countries.
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