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Obama Strengthens George Soros' Oil Interests In Brazil

Obama left his lush golf get-aways and NAACP basketball sprees to depart for a Brazilian vacation. There he personally looked after Brazil's oil companies.

We’ll also work to strengthen our relationship when it comes to energy. Brazil holds recently discovered oil reserves that could be far larger than ours, and as we seek to increase secure-energy supplies, we look forward to developing a strategic energy partnership. We’ll also continue our shared leadership in green economic growth and clean energy, including everything from biofuels to renewables such as wind and solar power. And as the host of the 2014 World Cup and 2016 Summer Olympics, Brazil is expected to invest more than $200 billion in upgrading its infrastructure — an area where America is primed to be a partner.

Obama abandoned the victims of genocide in Libya to help America's oil opposition. Why?

Out with Western oil, in with Russian and Brazilian oil. Is it just coincidence that George Soros sold his Western oil stock and bought stock in Russia and Brazilian oil companies, about three months ago?

Starting in 2009, George Soros invested heavily in Western oil companies in Libya. His investments brought enormous returns, and then at the end of 2010 he mysteriously sold them, and bought stock in Russian and Venezuelan oil.

Each Western company saw stock prices skyrocket over the last six months: Suncore Energy up 46%, Petroleo Brasileiro SA Petrobras up 15%, Occidental Petroleum up 36%, Marathon Oil Corp. up 61%, Conoco Phillips up 42%, Halliburton up 67%, Hess Corp up 57%.

Soros somehow knew to reduce Suncore stocks on New Years eve. Soros dumped almost all his holdings. Likewise, Soros dumped almost all of Halliburton on New Years eve. Same for Hess. Soros dumped almost all of Occidental at the end of September, along with most of Conoco Phillips. He dumped much of Marathon in June. Soros actually increased PBR but that might have more to do with its huge oil bock buy in Africa. Each company began to tumble over these last few days because of the bloody revolution in Libya.

Soros switched much of that over to Russia and Venezuela oil giant Harvest National Resources, which skyrocketed right after his initial September 2010 buy.

Last March, Soros invested in airport screeners. How did he know to do that? Insider info! But how did he know what would go down across the Middle East?

Soros was behind the Egyptian uprising. But it is crucial for him that Gaddafi must stay in power! Otherwise his Russian investments might lose out. That explains why Obama dittered on something as simple as a no-fly zone for 31 days!

Is it just coincidence that George Soros sold his Western oil stock and bought stock in Russia and Brazilian oil companies, about three months ago?

Why does your text say 3 months, but your link says it was from August 15, 2008?

Previous post show it was sold after that point.

Suncor (Not Suncore) closed on 12/31 around 35. It is now 45.

At the end of Sept 2010 Conoco sold at 46. It is now 78.

Yeesh! Do you bother vetting anything you read or post?

I am no fan of Soros but 15 YEARS AGO he authored the definitive book on trading, called The Alchemy of Finance. He was Jimmy Rogers partner at the Quantum Fund. His record for trading was established starting in the late 60’s. To think he is all of a sudden making huge fortunes today is ignoring how good a trader he was for a long time.

Long before he became a progressive nut case.

From Wiki:

In 1956, Soros moved to New York City, where he worked as an arbitrage trader with F. M. Mayer (1956–59) and as an analyst with Wertheim & Co. (1959–63). Throughout this time, Soros developed a philosophy of reflexivity based on the ideas of Karl Popper. Reflexivity, as used by Soros, is the belief that the action of beholding the valuation of any market, by its participants, affects said valuation of the market in a procyclical ‘virtuous or vicious’ circle.[24]

Soros realized, however, that he would not make any money from the concept of reflexivity until he went into investing on his own. He began to investigate how to deal in investments. From 1963 to 1973, he worked at Arnhold and S. Bleichroder, where he attained the position of Vice-President. Soros finally concluded that he was a better investor than he was a philosopher or an executive. In 1967, he persuaded the company to set up First Eagle, an offshore investment fund for him to run; and, in 1969, it founded the Double Eagle hedge fund for him.[24]

In 1973, when investment regulations restricted his ability to run the funds as he wished, he resigned his position and established a private investment company, which evolved into the Quantum Fund. He has stated that his intent was to earn enough money on Wall Street to support himself as an author and philosopher —he calculated that $500,000 after five years would be possible and adequate.